Is a Kansas City Payday Loan Renewal For You?

Is a Kansas City payday loan renewal right for you? In this article we discuss Kansas City payday loan renewals and how you can benefit from a renewal instead of getting a new payday loan.

We at Waldo Financial are interested in helping our valued customers in getting out from under the pay day loan cycle. We care about our customers to we often discuss with them a Kansas City payday loan renewal instead of just taking out the same $500 payday loan, pay day after pay day.

How A Kansas City Payday Loan Renewal Works

When a customer comes in to pay off their pay day loan, we give them the option to do a payday loan renewal instead.

Kansas City payday loan

Get your Kansas City payday loan at Waldo Financial

How the renewal works is at the time the payday loan is due, the user pays $50 plus any interest due at that time. A new loan is created and the principal is reduced by $50 .

An example of the process is below:

  • Customer comes in and takes out a $500 loan.
  • Two weeks later the customer comes in and pays $50 principal plus any interest that was accrued in the two week period. A new loan is created for $450.
  • Two weeks later the customer comes in and pays $50 principal plus accrued interest. Since the total principal has gone down the interest is not as high as on the original loan. A new payday loan is created for $400.

This renewal process can continue for six times creating seven payday loans in total. This renewal process benefits the customer in a couple of different ways:

  1. It reduces the amount of interest that a customer is paying because they are reducing the amount of principal with each loan renewal.
  2. It gets the Kansas City payday loan down to a manageable level allowing the customer to finally pay off the entire Kansas City payday loan without having to re borrow, which allows them to get out from under their debt a little at a time.

Waldo Financial is located at 8437 Wornall Road in Kansas City, MO. Visit our service center today for a Kansas City payday loan. See if a payday loan renewal is right for you.

How To Qualify for a Kansas City Payday Loan

This Kansas City Payday Loan articles discusses some of the requirements that a payday loan applicant must meet in order to receive a quick cash advance payday loan.

We have several qualifications to get a Pay Day loan at Waldo Financial.

Kansas City Payday Loan Qualification #1Kansas City payday loans

Our first requirement is related to where an applicant banks. Our system that we use for loan processing is unable to work with every bank type. That is why we require that you have a checking account at a traditional bank that has been open and active for at least 90 days. Some banks that are considered to be traditional banks are Commerce, Bank of America, Arvest Bank, Wells Fargo, BMO Harris etc. Pay cards are not considered to be traditional banks. Some pay cards work with our processing system and others do not.

Kansas City Payday Loan Qualification #2

The second qualification for a Kansas City payday loan is that you make at least 12 dollars per hour at your job. The 12 dollars cannot be partially made up by tips or commission.

Kansas City Payday Loan Qualification #3

The third qualification is that the applicant direct deposit at least $1,500 per month into the checking account.

Those are the main requirements that are discussed when an applicant calls in for information about obtaining a Kansas City payday loan. Our underwriting group does consider other things when they are determining if you are qualified to get a loan with Waldo Financial.

Waldo Financial will not be a second lender. If the applicant has another loan out with a different lending company we will typically not issue the applicant a payday loan. Some exceptions can be made based on the entire situation.

Waldo Financial does not like to lend to applicants that have charge offs in their history. A charge off is when the applicant had a loan and did not pay the loan off.

If the applicant has many recent inquiries with other lenders Waldo Financial may not want to lend to that individual.

Our underwriting group also considers the score on a subprime lending report that they run, they like to see a score of 600 or better but sometimes exceptions are made.

Now that you know, go here to apply for a Kansas City payday loan.

Do You Qualify for a Kansas City Payday Loan?

Do you quality for a Kansas City payday loan? Learn more now how Waldo Financial’s underwriting process before you apply for a Kansas City payday loan.

The following is the process that the Waldo Financial underwriting department follows when processing payday loan, cash advance loan and quick cash loan applications that are sent in from the website, taken over the phone or done in the lobby of our location.

The Kansas City Payday Loan Underwriting Process

Once the online Kansas City payday loan application has been received, the friendly staff will input information into the system that is required. The underwriting group runs two sub-prime lending reports. One of the reports is from Teletrack. Teletrack shows how many pay day loan inquiries that you have done. It also reports whether you have any charge-offs.

Kansas City payday loan, cash advance loanThe other report is from CL Verify. This reporting services provides the same information as the Teletrack, but it also shows the bank accounts that you have open and closed, as well as home addresses where you have lived. It also provides a borrower score.

Underwriting accumulates the following information in order to assess whether or not an individual is going to get a loan from Waldo Financial:

  • Application
  • Teletrack report
  • Cl Verify report
  • Most current check stub
  • Last thirty days of transactions from your checking account

There are several things that will disqualify you from getting an online Kansas City payday loan at Waldo Financial. The list below shows the most common items that will keep you from getting a Waldo Financial Kansas City payday loan:

  • Too many recent inquiries
  • A charge off with another lender or with us.
  • A CLV score under 600
  • Too low of an average daily balance in your checking account
  • Too many bank accounts currently open
  • A loan with another vender
  • A garnishment on your paycheck.

While this is not a complete list, it gives you an idea of what sorts of conditions will keep you from getting a Waldo Financial Kansas City payday loan.

There could be other reasons that you would not qualify for a loan with Waldo Financial. Since we are a single store front, we have stricter rules than some of the other chain lenders. The above list is a limited list and there may be other reasons for disqualification, it is up to the discretion of the underwriting department.

So.. do you quality for a Kansas City payday loan? The information above tells you about  Waldo Financial’s underwriting process. Be prepared to for this review before you apply for a Kansas City payday loan at Waldo Financial.

Kansas City Check Cashing Service For Retirement Checks

This describes a Kansas City check cashing service and where you can cash your 401K retirement check.

Are you retired and receiving retirement payments?

Or are you receiving an early payout on a 401K retirement plan and need a convenient way to quickly cash your retirement check?

If so, Waldo Financial can help you.

Waldo Financial – Your Kansas City Retirement Check Cashing Service

If you have received an early payout on a 401K or are receiving retirement payments, we can cash those types of checks here at Waldo Financial. We charge a 6 % fee on these types of checks.
When someone brings in that type of check to Waldo Financial, we first look into the system to determine if we have cashed checks from this maker before.

Next, we review the check with a similar check in the system. We will verify that the logo is the same and that the check signer is the same.

We may ask to see the envelope that the retirement check was sent in as well as any other information that you received with the check.

We will then call the maker of the check to verify that there are no stops or holds placed on this check. If the maker of the check is not available because it is after hours or the weekend, based on how the check looks and the information on the check stub, we may go ahead and cash the check.

kansas city check cashing service for retirement checksWaldo Financial Check Cashing Service

If you come into our location to cash a 401K or retirement check and you have never cashed a check with us before, we will require that you have a valid picture identification card with you. One of our staff will then get you set up in the system.

We will then scan the identification card that you provided and fill out any pertinent information.

We will take a picture of you for our records. We may also have you fill out the basic information sheet. This is dependent on the amount of the check that you are cashing. Once you are set up in the check cashing system you will be able to come in and cash any of the other check types that we cash.

When you’re ready to cash your retirement check, visit Waldo Financial. They provide the best Kansas City check cashing service. They are located at 8437 Wornall Road, Kansas City, MO, 64114.

Waldo Financial is your Kansas City check cashing service.

Best Kansas City Payroll Check Cashing Service

This describes the best Kansas City payroll check cashing service. Now people in the Kansas City area have a fast and dependable way of cashing their payroll check at Waldo Financial. They also offer one of the lowest payroll check cashing fees.

Payroll checks are the easiest checks to cash for our business. Here is some useful information you’ll need when cashing your Kansas City payroll check.

Kansas City Payroll Check Cashing

Waldo Financial charges the lowest processing fee in the Kansas City area when it comes to cashing your payroll check. Waldo charges a 3% fee on payroll checks. That means 3% of the check amount that is being cashed.

How The Kansas City Payroll Check Cashing Service Works

Best Kansas City Payroll Check Cashing Service

WaldoFinancial.com offers the best Kansas City payroll check cashing services in the Kansas City area.

When you take your payroll check into Waldo Financial, they will first look to determine whether they have cashed checks from this employer before. If they have, and the current check is similar to those cashed in the past, Waldo may not call the employer to verify the check.

In the event that Waldo has never cashed a check from this particular employer, Waldo may ask to see the check stub for review.

Waldo Financial may also call the employer to verify the payroll check.

Cashing Old Payroll Checks

In the event the payroll check is old, Waldo Financial will call to verify that the check is still valid. They will want to ensure that there are no stops or holds on the payroll check.

If for example, the employer is not available because it is after hours or the weekend, Waldo Financial may proceed to cash the check. That decision is based on how the check looks and the information displayed on the check stub. Cashing this sort of check is at the sole discretion of Waldo Financial.

Kansas City Payroll Check Cashing – First Visit

If you come into our location to cash a payroll check and have previously never cashed a check with us, we will require that you provide a valid picture identification card. One of our staff will then get you set up in the system. Waldo will scan the identification card and fill out any pertinent information. They will take a picture of you for our records. Waldo may also have you fill out the basic information sheet – depending on the amount of the payroll check being cashed. Once you are set up in the Kansas City payroll check cashing system, you will be able to come in and cash any of the other check types that we cash.

To learn more about Kansas City payroll check cashing, go here. Or visit our service center at 8437 Wornall Road, Kansas City, MO, 64114. Or call us directly at (816) 333-6800.

We look forward to cashing your payroll check.

How To Quickly Get a Kansas City Installment Loan

This installment loan article describes how to quickly get a Kansas City installment loan for quick cash when you need cash. Waldo Financial can help you with a Kansas City installment loan.

What does it take to get an installment loan in Kansas City?

Waldo Financial provides the Kansas City area with installment loans. However there are necessary qualifications to get an Installment loan at Waldo Financial.

Kansas City Installment Loan – Requirement #1

Kansas City Installment Loan at WaldoFinancial.com

Get a Kansas City Installment Loan at WaldoFinancial.com

There are several requirements when it comes to getting a Kansas City Installment Loan. The first requirement is related to where an applicant banks. Our system that is used for loan processing is unable to work with every bank type. That is why a checking account at a traditional bank that has been open and active for at least 90 days is required.

So what’s considered a traditional bank?

Some banks that are considered to be traditional banks are Commerce, Bank of America, Arvest Bank, Wells Fargo, BMO Harris etc. Please be aware that Pay cards are not considered to be traditional banks. Some pay cards work with our processing system while others do not.

Kansas City Installment Loan – Requirement #2

Another qualification is that you make at least 12 dollars per hour at your job. The 12 dollars cannot be partially made up by tips or commission.

Kansas City Installment Loan – Requirement #3

The third qualification is that the applicant direct deposit at least $1,500 per month into the checking account.

Those are the main requirements that are discussed when an applicant calls in for information about obtaining a loan. Our underwriting group does consider other things when they are determining if you are qualified to get a loan with Waldo Financial.

Waldo Financial will not be a second lender. If the applicant has another loan out with a different lending company, we will typically not issue the applicant a loan. Some exceptions can be made based on the entire situation. Waldo Financial does not like to lend to applicants that have charge offs in their history. A charge off is when the applicant had a loan and did not pay the loan off.

If the applicant has many recent inquiries with other lenders Waldo Financial may not want to lend to that individual.

Our underwriting group also considers the score on a subprime lending report that they run, they like to see a score of 600 or better but sometimes exceptions are made.

Contact Waldo Financial for your Kansas City installment loan. Visit their service center at 8437 Wornall Road, Kansas City, MO, 64114. If you have questions, please call (816) 333-6800.

Kansas City Supplemental Security Income Check Cashing Service

This describes Kansas City check cashing services article describes the how and where of Kansas City Supplemental Security Income check cashing. Waldo Financial provides Kansas City Supplemental Security Income Check Cashing services.

Are you wondering where you can cash your Supplemental Security Income check in the Kansas City area? Are you looking for a Kansas City Supplemental Security Income (SSI) Check Cashing service? If so, Waldo Financial can help you.

Waldo Financial is able to cash your SSI or disability checks. We charge a 3% fee to cash Kansas City SSI checks. You must sign the SSI check exactly as it is written. If the check is made out to you for a dependent then that is how you must sign the check.

Do not sign the check until you are at Waldo Financial. We would like to witness you signing the check. The reason for this is that we have had several recent instances where a check was deposited electronically and then brought into our location to be cashed. The other reason you do not want to walk around with a signed check is that if you lose it or it is stolen it is easier to get cashed somewhere else if it is signed.

Kansas City Supplemental Security Income Check Cashing Service

Kansas City Supplemental Security Income Check CashingTypically we do not have to get these types of checks verified. If the check is very old or looks different than similar checks that we have cashed we may call the United States Treasury Department. We to that to verify that the check is valid and that there are no stops or holds on the check.

Cash Your Kansas City SSI Check

If you come into our location to cash a SSI or disability check and you have never cashed a check with us before we will require that you have a valid picture identification card with you. One of our staff will then get you set up in the system. We will scan the identification card that you provided and fill out any pertinent information. Next, we will take a picture of you for our records. We may also have you fill out the basic information sheet. All this depends on the amount of the check that you are cashing. Once you are set up in the check cashing system you will be able to come in and cash any of the other check types that we cash.

Go to our Waldo Financial service center located at 8437 Wornall Road, Kansas City, MO for Kansas City Supplemental Security Income Check cashing services.

Kansas City Personal Check Cashing Service

This Kansas City personal check cashing service article describes cashing personal checks or “personal check cashing” in the Kansas City area.

About Kansas City Personal Check Cashing ServicesThe best kansas city personal check cashing service is Waldo Financial

Personal checks are some of the riskiest checks to cash for any business. Personal checks present a high risk for the check cashing company.

Due to the high risk in cashing personal checks, Waldo Financial charges a higher fee than when cashing business checks or tax refund checks. Personal checks are cashed at a 16% fee of the personal check amount.

Kansas Personal Check Cashing Service Verification

A personal check must be verified by 2 parties: the issuing bank, and the maker of the check.

Waldo Financial will first make contact the issuing bank listed on the check. We ask them to verify that a check can be cashed for three times the amount listed on the check.

Some banks like Bank of America will not verify the funds available on the checking account. Unfortunately we are unable to cash any check that cannot be verified by the issuing bank.

Secondly, we verify the check with the person that is listed as having written the check.

There are times when the phone number is on the body of the check and other times we have to do research to find that person’s contact information. We need a way to contact the issuer by phone to verify the check. We verify that they did in fact write the personal check to be cashed. We verify the amount of the personal check and the person that the check is made out to.

Kansas City personal check cashing services are hard to find. At Waldo Financial, we specialize in Kansas City personal check cashing and personal check cashing and business check cashing.

Contact Waldo Financial for your Kansas City personal check cashing service needs.

Kansas City Check Cashing Service: Tax Refund Checks

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This Kansas City check cashing service article describes tax refund check cashing. We answer your frequently asked questions on cashing your government tax refund.

This is the government tax refund time of year. So we’re writing to let you know the specifics for your Kansas City tax refund check cashing.

At Waldo Financial, we provided tax refund check cashing. We charge 3 to 6% of the check amount to cash your refund check. The exact amount depends on whether the check was issued by the United States Government, state or local government or whether it was issued by a tax preparing service.

Kansas City Tax Refund Check Cashing Feeskansas city check cashing service at Waldo Financial

A United States Treasury tax refund will incur a 3% charge of the tax refund check amount.

A state or local government tax refund check will incur a 3% charge on the Kansas City tax refund check amount.

US Treasury, state and local government checks usually do not require the checks to be verified. However if the check appears old or appears to be different looking than a normal check, we may call the tax refund check issuer to validate the check or ensure that there are no holds on the check.

If you are looking for a Kansas City check cashing service to cash a tax preparer issued tax refund check, we can help you. We do charge a 6% fee to cash this check type. We may need to verify the check in certain circumstances.

First Time At Waldo Financial Kansas City Check Cashing Service?

Are you a first-time check cashing user at Waldo Financial? If so, here is what to expect on your first visit to our Kansas City check cashing service center..

We require a valid picture identification card during your visit. Please present that identification card to our staff member so that we may create an account with you in our check cashing system.

Your ID card will be scanned while we briefly ask you pertinent information related to the check. We will take a picture of you for our records so be sure to smile big!

We may also have you complete a basic information sheet – depending on the check amount that you are cashing.

Once you are setup in our check cashing system, you will be able to come in and cash any of the other types of checks that we cash beyond just government tax refund checks.

Kansas City Government Check Cashing at Waldo Financial

This Kansas City government check cashing article describes the cashing of government checks. It’s often that people will call or walk-in asking about government check cashing.

Yes, Waldo Financial cashes all kinds of checks; including government checks or government-issued checks.

U.S. Treasury Check Cashing in Kansas CityKansas City government check cashing

Waldo Financial cashes U.S. Treasury checks for those on disability or those receiving social security benefits from the government.

Waldo also cashes U.S. Treasury checks that have been issued as tax refund checks.

Cashing State Checks in Kansas City

Waldo Financial of Kansas City also cashes state government checks that have been issued as tax refund checks, state unemployment checks state retirement pension checks.

Waldo’s Kansas City location will even cash an out-of-state issued government check.

Cashing Local Government Checks in Kansas City

Do you have a local government issued check that you want to cash? Waldo Financial cashes local government checks also.

Waldo Financial provides Kansas City check cashing issued by local municipal court for refunds, bail bond refunds or local tax refunds.

Kansas City Government Check Cashing Fees

Waldo charges 3% of the government check face amount.

Just bring take your check into their 8437 Wornall Road, Kansas City, MO location, along with a valid government issued identification card. Once the check has been verified, the check will be cashed. Please be sure NOT to endorse the check prior to visiting the Waldo store Kansas City check cashing location.

Other Kansas City Check Cashing Services

In addition to Kansas City government check cashing services, Waldo cashes payroll checks.

It does not matter whether the payroll check is hand-written or computer generated. Nor does it matter whether the payroll check is local or from out of state. Nor does it matter the amount of the check. Waldo Financial all payroll checks of all amounts. The check cashing fee to cash payroll checks is 3% of the payroll check amount.

Kansas City Check Cashing at Waldo Financial

When you need Kansas City government check cashing, cashier check cashing, personal check cashing, government check check cashing or money order cashing, see Waldo Financial. The entire check cashing process takes only a few minutes. Give them a call with any questions you may have. Their friendly staff is ready to serve you. Call that at 816-333-6800 or walk into their store location at 8437 Wornall Road in Kansas City, Missouri.