Moneytree offers payday loans along with other financial services such as title loans, business loans, check cashing, Western Union, money orders and bill pay. It has locations in California, Colorado, Idaho, Nevada and Washington. Payday loans are offered in all these states except Colorado. You can get a payday loan by applying directly at your local Moneytree location or online.
Applying at a Local Branch
Apply for your payday loan directly at your local Moneytree branch. Use the Moneytree branch locator to find your local branch. Fill out the short application in person or print the application from home and bring the completed application into the branch. The application asks for information like your name and address, Social Security number, birth date, employer information or source of income, and your checking account information.
California customers, Idaho customers, Nevada customers and Washington customers can apply using Moneytree's online application 24 hours a day. Complete the three steps, which include providing personal information such as your Social Security and driver's license numbers, entering information about your employer or the source of income you will use to repay the loan, and providing your checking account details. Next, agree to the terms and conditions to submit the application. A decision is given within 60 seconds of submitting your online application. If you have trouble applying online, contact Moneytree customer service at 877-613-6669. During the online application process you will create your online account with username and password.
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Qualifying without a Checking Account
Residents of Idaho, Nevada and Washington can apply for a payday loan without having a checking account. This requires applying directly at a Moneytree branch and cannot be done online. Moneytree will verify your identity, Social Security number, source(s) of income, address and phone number. Nevada residents must submit written verification of income by either faxing a pay stub or other verification to 877-557-0337 or scanning and emailing it to firstname.lastname@example.org. You can also bring proof of income to any Moneytree branch.
Make Sure a Payday Loan Meets Your Needs
According to Moneytree, payday loans are intended to give you money until your next paycheck. Customers are warned on the Moneytree website that payday loans are usually granted for a few weeks. Borrowers who do not repay the loan within the initial term incur additional expenses, which can make the payday loan expensive. Moneytree warns its customers that payday loans are not intended to be used as a long-term solution. See Moneytree's fee chart to better understand the fee or APR on a Moneytree payday loan in California. The APR on a 14-day term is more than 460 percent in California as of 2015, and is even higher in other states. If you pay late, expect a late payment fee up to $25. You can expect a similar fee if your check or automatic payment does not go through.