First American Loans
3329 East Broad Street
Columbus, OH
(614) 235-8176
firstamericancashadvance.com
What They Offer
This company is located throughout the midwest and has been operating for some time. This means they are very familiar with Ohio and surrounding states and the laws governing payday loans there.
A borrower’s credit history is not checked. First American Loans does use TeleTrack to make sure a borrower does not have outstanding pay day loans. Borrowers who have had bankruptcies are eligible to apply, as long as the bankruptcy is not current. You can only have one pay day loan with First American Loans at a time. If you have an open pay day loan with another company, you can apply.
In most cases, borrowers receive their pay day loan funds the day after a loan is approved. For this fast service, approval must be before 4:00 p.m. PST.
Where They Are Located
First American has a handful of stores in Ohio. You can find them in Columbus, Circleville and Lancaster. You can use their store locator to get their exact address and it’s easiest to just put in your zip code.
Rates and Terms
In addition to being able to offer much larger loans than traditional lenders, First American Loans also offers repayment options. Borrowers who cannot repay loans in full on the due date can receive extensions. You can receive three extensions by only paying a small finance charge. Further extensions will require extra fees.
When the borrower completes his application, he will select the date to repay his loan. On this date, the funds will be debited from his bank account if he has not requested an extension.
The First American Loans website has a calculator that is easy to use. It can help you determine the fees associated with your loan and the total cost of your loan within seconds. One example is a 14-day, $100. loan will result in additional fees of $19.88.
Additional Information
First American Loans offers special benefits to both new customers and returning customers. First-time borrowers can save 25% on their first pay day loans. Returning customers can receive discounts by becoming preferred members. The company also has a referral program. When you refer someone to First American Loans and he takes out a loan, you will receive a $50. cash bonus for yourself.
