Find The Best Payday Loans Reno


One of the questions we often get asked is, are all payday loans the same. As one of the leading payday loans lenders in Reno, we like to think that our payday loans are superior to others in more ways than one. However, in the interest of taking an unbiased approach, we’ll highlight what to look out for when in the market for a payday loan.

Is A Cash Advance the Same as A Payday Loan?

Yes, a ‘cash advance’ is another term used for ‘payday loan.’ Some lenders like to lean into the term ‘cash advance’ because the other term has, as of late, earned a bad rep thanks to unscrupulous lending practices. However, they are the same thing, so don’t let slick marketing fool you into thinking otherwise.

When choosing between various payday loans, it is essential to start with understanding what you can afford to pay back. Know what you want the loan for, and then work accordingly.

Unlike other financial institutions, payday loan lenders don’t care about an individual’s debt-to-income ratio because the loans are capped to a certain amount. So, unlike an auto loan, you can’t get more than that threshold even if you have a stellar credit history.

For instance, if you need to pay off $300 in credit card debt, and your salary is $3000, you’re better off just applying for $300 and paying it off when the salary is credited into your bank account. The rule of thumb here is not to apply for more than you need since there is a high-interest rate associated with payday loans compared to installment loans like car loans, home loans, and others. The goal here is to dispense quick cash loans to people that need it.

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Compare Payday Loans’ Interest Rates


When it comes to lenders offering payday loans, it is a lot like the wild west out there. There are several payday loan companies in Reno, and they all tend to offer varying interest rates depending on several variables.

While you can use an online comparison tool, those only show the average rate of what you can expect to pay. It also does not reveal costs such as loan origination fee, and others.

That’s why you’ll want to call a few payday loan companies to determine what they will charge you based on your financial circumstances. This will make it easier to decide on the cheapest one.


Documentation Needed to Get Cash Loans Reno

Perhaps the best thing about getting a payday loan is that it does not require a great deal of documentation. It is one of the easiest personal loans you can get if you need to borrow money in a hurry.

Most payday loan companies like us don’t run credit rating checks. However, some do, so you’ll want to learn from the company if you’re comparing several payday loan options. Those credit rating checks could cause your current rating to take a hit if you apply for multiple payday loans. That’s why we are against getting multiple quotes for a cash loan.

We require you to have proof of your address, salary, a checking account and a valid ID. If you have any questions as to what will be needed, give our helpful loan representatives a call.

Lender’s Transparency


As mentioned earlier, payday loans have earned a bad reputation, mainly because of how unscrupulous lenders use them against their clients. While you have rights under the constitution as a borrower, with state and federal law, seeing that you’re not exploited by lenders, much of this goes unnoticed until it is too late. That’s why transparency should undoubtedly be considered when dealing with a lender.

Start by calling a prospective lender to find out what interest rate they apply to the loan, what is the penalty for late payment, and if there are any extra charges associated with getting a loan. Unlike a regular installment loan, the penalties are often higher on late payments. Plus, your loan can’t be broken down into affordable monthly payments.

You will want a detailed list of all costs and charges associated with getting a payday loan from the payday lending company you’re considering. If a lender does not give you this information or dodges the question, it’s best to avoid them; this is regardless of what their advertisements may say.

At Cashco, we pride ourselves on providing a 100% transparent service. Our team happily answers all questions from prospective clients. This is one reason we continue to be the go-to payday lender in Reno and beyond.

Check Consumer Reviews


Another step you might want to take is to check reviews. This will help you learn from other people’s experiences with the lender. Look beyond the stars and read the reviews to know what borrowers found objectionable about the company.

You always want to do business with a lender that has a good set of reviews. Sure, most lenders don’t have five stars but anything near it, like a 4.9 or 4.8 on an independent platform, is good enough.

Multiple Locations


Cashco makes it easy for anyone to get a payday loan in Reno when they need it. We are currently available in two locations across the city:

Cashco Vassar

1567 Vassar St
Reno, NV 89502

Cashco Keystone

495 Keystone Ave #B
Reno, NV 89503

Need Cash Loans In Reno Today?

Getting a payday loan may be the fastest way to get the money you need in your bank account. However, the time you put into finding and using the right lender will save you a lot of potential future trouble.

If you are in doubt and want to do business with the most reputed lender with years of experience, feel free to get in touch with Cashco. We are one of Reno’s leading payday loan companies but don’t require a credit report to approve a loan. This means anyone can apply, even a person with otherwise poor credit.