Check Into Cash
| Company type | Private |
|---|---|
| Industry | Financial services |
| Founded | 1993 in Cleveland, Tennessee, United States |
| Founder | W. Allan Jones |
| Headquarters | Cleveland, Tennessee , United States |
Area served | 30 U.S. states, United Kingdom (via acquisition) |
Key people | W. Allan Jones (founder) |
| Products | Payday loans, online payday advances, title loans, bill payment, check cashing, prepaid debit cards, money transfer, money orders |
| Parent | Community Choice Financial Institution (CCFI) |
| Website | www |
Check Into Cash operates as a retailer in the financial services sector, managing more than 1,100 locations throughout 30 states. Established in 1993 by W. Allan Jones in Cleveland, Tennessee, the company continues to maintain its headquarters there. Its service portfolio includes payday loans, online payday advances, title loans, bill payment options, check cashing, prepaid debit cards, as well as money transfer and money order services.
History
W. Allan Jones, often referred to as "the pioneer of the payday lending industry," founded the nation’s first widespread payday lending network. His professional journey began in 1973 with efforts to stabilize and grow the family enterprise, Credit Bureau of Cleveland, where he built one of Tennessee’s most extensive credit bureau databases. After divesting the credit reporting division to Equifax in 1988 and later selling the collections unit in 1998, Jones redirected his attention toward payday lending services.
Check Into Cash has expanded to become one of the leading payday loan providers in the United States, with over 1,200 branches in operation. The company extended its reach internationally in 2012 by acquiring Cash and Cheque Express in the United Kingdom. Additional acquisitions include Great American Pawn and Title alongside Quick Loans in Georgia (2013), as well as Great American Cash Advance and Nations Quick Cash Title Pawn across Mississippi, Alabama, and Tennessee. The firm also purchased Title First Title Pawn based in Georgia.
Other organizations
As a founding participant of the Community Financial Services Association of America, Check Into Cash supports the establishment of industry best practices for payday lenders. Its affiliated entities conduct business under various brand names:
- U.S. Money Shops
- U.S. Money Title Loan
- U.S. Money Shops Pawn
- Check Into Cash Title Pawn
- LoanByPhone.com
- Title First Title Pawn
- Great American Pawn and Title
- Great American Cash Advance
- Quic!oans
- Nations Quick Cash Title Pawn
More recently, Community Choice Financial Institution (CCFI), which also owns Cash 1 and California Check Cashing Stores, acquired Check Into Cash.
Criticism
The company has been criticized for charging high interest rates and allegedly taking advantage of financially vulnerable consumers. Its payday lending structure frequently leads borrowers to repeatedly renew loans, resulting in total interest payments that far surpass the initial loan amounts. This operational model was once prohibited across numerous states but became lawful following W. Allan Jones’s involvement in supporting legislative efforts that legalized payday lending.
See also
External links
- Official Website
- Check Into Cash Locations
- LoanByPhone – A fully owned subsidiary of Check Into Cash, Inc
- Check Into Cash on the Map
- Articles with short description
- Pages using start date and age with unknown parameters
- Financial services companies of the United States
- Companies based in Tennessee
- Privately held companies based in Tennessee
- Financial services companies established in 1993
- 1993 establishments in Tennessee
- Companies based in Cleveland, Tennessee