1F Cash Advance Brings Financial Solutions to More Communities

1F Cash Advance is a reputable financing company offering their services all over the U.S. They provide in-store loans in 80+ locations, however, anyone who meets the eligibility criteria can apply online. Residents of Ohio and Texas now have brand new offices they can visit to get a quick solution to their financial needs. You can request payday loans in Columbus at 2133 Polaris Pkwy in Columbus and 253 W Greens Rd in Houston. 

Market Expansion Strategy

The decision to open new stores is a strategic move to provide financial solutions to a broader community. The company states that its mission has always been to offer a superior borrowing experience to all Americans in need. Now, more borrowers have the convenience to access payday loans without traveling long distances. 

Regulatory Compliance

1F Cash Advance offers its services in over 35 states with 81 physical stores available to their customers. They possess all the licenses and permits required by local law. 1F Cash Advance also follows customer protection guidelines to ensure the borrowers’ information is 100% safe within the company. Besides that, modern data encryption technologies are actively used to help make the lending process secure and fast.

Operational Setup

The brand-new stores in Ohio and Texas have convenient locations and a welcoming atmosphere. Each office is equipped with modern IT systems and comfortable customer service areas. Visitors will be offered tea or coffee upon arrival. Thanks to its good location, there is ample parking and easy access to public transportation.

New Staff

1F Cash Advance is known for its high-quality customer service, as stated in many reviews across platforms like Trustpilot and BBB. Therefore, we can expect similar or better-trained customer service representatives in the new offices. To attract and retain customers, the company needs to not only focus on providing professional service but also create a positive and even friendly experience for its visitors.

Services Offered

1F Cash Advance offers similar online and in-person services. Here are some of them:

Payday Loans

These are short-term, high-interest loans for emergency situations. You can get up to $1,000 in Ohio and even more than in Texas. In-store cash advances in Houston and Columbus come with varying interest rates, depending on your creditworthiness. Generally, you can expect to pay between 28% to over 400%. You must repay the loan with interest in a lump sum within 7 to 180 days. 

Installment Loans

Installment loans offer more repayment flexibility and often better rates. You can get as low as 16% interest, however, a low income and bad payment history might lead to higher loan cost. You can typically borrow up to $5,000, depending on your creditworthiness. The repayment period is between 2 and 24 months. 

Title Loans

Title loans are short-term loans that require your vehicle as collateral. You can borrow up to 50% of your car’s market value with an APR of around 300%. The loan should be repaid in full within 1-2 months, based on your agreement. Since this is a secured loan, defaulting can result in the repossession of your car.

Cash Checking

1F Cash Advance also offers cash checking services which are supposed to help you get quicker access to your money. They work with various types of checks and promise to give you the cash on the spot within minutes. 

It’s worth noting the company doesn’t perform hard credit checks, so your FICO is safe as long as you adhere to your agreement.

Future Plans

It seems like 1F Cash Advance is set on making its services available to virtually every American who needs a quick solution to their financial needs. We should expect more stores to open in the future and improvements in both their in-person services and online borrowing experience.