Dollar Loan Center
1901 West 41st Street
Sioux Falls, SD
(605) 274-7444
www.dontbebroke.com
What They Offer
This company offers two options for South Dakota residents who need pay day loans. You can either apply online, or apply in person.
Borrowers who visit a Dollar Loan Center store to apply for a loan will find differences between this company and other pay day loan stores. First, Dollar Loan Center does not require any collateral. You do not have to write a personal check to the store. Instead, receiving your pay day loan is based only on your signature. This means you do not even need a checking account.
A second difference is the extra fees and charges you would normally pay on a pay day loan. When you have a loan through this company, the only fee you will pay is interest. The company guarantees their interest rates are lower than other similar companies.
If you prefer to apply online, you will be directed to loanshack.com. Online applications require the borrower to have a checking account with direct deposit, and a monthly income of $1000. or more.. Other eligibility requirements include your pay stub and your bank statement. These documents must be emailed or sent by FAX to the company. Your funds will be available the following day.
Where They Are Located
Borrowers who want to apply for a pay day loan in person can find Dollar Loan Central stores throughout South Dakota. There are currently twelve stores in the state. Four of these stores are in Sioux Falls. A complete listing of the stores and addresses can be found on the www.dontbebroke.com website.
Borrowers who prefer an online application can find it at www.loanshack.com.
Rates and Terms
Applying at a Dollar Loan Center store is an economical choice. They do not charge any fees other than interest. They also offer a very nice guarantee: if you are able to find a pay day loan company in your geographical area with lower rates than Dollar Loan Center, you will be issued your loan with no interest charge at all.
Online applicants do have to pay fees. On a $200 loan, the fee is $40 Borrowers who prepay their loans do not receive any refunds.
Additional Information
Borrowers do not need to be confused about the differences in requirements and terms. The simplest, most cost-effective way to obtain a pay day loan is by applying in person at a Dollar Loan Center store. They have few requirements, and numerous benefits.
While it can be a good option if you need to do your pay day loan business over the internet, it is important for you to read everything on their website before you apply for a loan. You will find you can save money, and that it is much more convenient, if you apply for your pay day loan in person at a Dollar Loan Center store.
