RainCheckUtah
Raincheck Corporation
671 North State Street
Orem, UT 84057
raincheckutah.com
RainCheckUtah has nineteen stores throughout the state. Applying for a pay day loan from this company is different from other companies.
First, the loan process cannot be entirely completed online. You can begin by filling out the online application if you wish. However, the actual application process must be done in person at one of RainCheckUtah’s nine stores. You need to print out the application and take it to the store.
With an APR of 521.428%, the finances charge for a RainCheckUtah pay day loan is $10. for a one-week loan of $100. You can save money on interest if you repay your loan in full before the due date. If you need an extension, your loan must be paid in full within ten weeks.
A second difference in RainCheckUtah’s pay day loans is the company does not wire loan funds to the borrower’s bank account. Instead, upon approval, a check will be issued to you at the store. You receive your loan funds simply by cashing the check.
When you are approved for the pay day loan, you will write a check to RainCheckUtah for the amount you will owe on the due date. They will hold the check until the due date. This is known as collateral.
After you have presented this check to the RainCheckUtah store, you will have three options for repaying your loan. The first option is for RainCheckUtah to deposit the check when the loan is due. It should clear the following day. The second option is to contact the company if you do not have the funds in your bank account to cover the check on time. When you ask for an extension, your check will not be deposited.
The third option is to pay the loan in installments before it is actually due. Each installment must be at least $5. There is no limit to the number of payments you can make before the due date. If you choose this option, there is no penalty associated with paying off your loan in advance.
Currently, only residents of Utah can receive loans from this company. They are available to handle pay day loans during normal business hours on weekdays. Some of their store locations are open on Saturdays. The website lists the addresses, telephone numbers, and email addresses for all of their store locations. There is also a handy map, so you can find the nearest location.
RainCheckUtah does not specify any eligibility requirements. The application requires the names, addresses, and telephone numbers of two references. If you have outstanding loans, or debt-related legal situations, you must provide this information on your application. You are also asked for your landlord’s name and phone number, as well as how long you have lived at your present address.
If you have further questions about RainCheckUtah pay day loan services, you can call any of their stores or the Raincheck Corporation headquarters in Orem, Utah.
