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Checkpoint One
-Post-dated Check Loans and Car Title Loans-
Making loans in Utah for over 33 years.
Loan Requirements:
In order to get a post-dated check loan, you must first set
up an account with us. In order to be eligible to set up an
account, we have a few basic requirements:
How it Works:
You write us a check and we agree to hold the check for a
certain period of time for a fee. In exchange for this fee, we
write you a check which you can cash immediately. Our
fee is collected at the time of the check deposit or when
you pick up your post-dated check with cash, money order,
or a certified bank check.
Time Period:
You can write a post-dated check for any period of time
between 5 and 35 days. (Payoff earlier than 5 days is ok
though.)
Loan Amounts:
The amount we will loan you depends on several factors:
Generally speaking, we will loan you up to 25% of your
gross monthly income assuming you have had your job
and checking account for at least 6 months, and you have
no overdrafts on your most recent checking account
statement.
Loan Cost:
We charge 365% per year ($1 per day for each $100
borrowed) for loans less than 28 days and 304.1667% per
year (83 1/3 cents per day for each $100 borrowed) for
loans 28 days or longer on the same contract. However,
you can always pay off your post-dated check loan early
and our fee will be prorated at the rate you started the loan
at, and you will only be charged for the actual number of
days used. There is never an early payoff penalty.
See the examples listed elsewhere on this page to get an
idea of the fees for different loan amounts.
Rollover:
In the event your check comes due and you want to extend
your post-dated check loan for an additional period of time,
you can do so by paying the original fee and we will extend
it for the same period of time. If you want to extend you
post-dated check loan for a different period of time (longer
or shorter) you must pay all fees due on the day you come
in and write us a new check for the original amount of the
loan, plus the new fee to cover the new period of time on
the loan. You are in effect making a new loan and using
the proceeds of the new loan to to pay off the old loan.
However, in no case can you extend the same original
loan or check for longer than twelve weeks- as per Utah
Law.
Limits:
You can generally write a post-dated check for an amount
equal to twenty-five percent of your monthly pay if you have
had a full-time job and checking account for at least six
months. If you have had your job or checking account for a
shorter period of time, we will usually still make you a
loan, but it will be for a lesser amount. (Call one of our
representitives for exact amounts.) In no case can you
write a post-dated check for more than one thousand
dollars, and your first post-dated check cannot be for more
than five-hundred dollars for at least the first thirty-four
days from the first date that you set up a new account.
Clients who set up an account with Checkpoint One will
receive an account limit for the maximum amount for
which they are qualified. We do not set a minimum loan
amount requirement. You are welcome to borrow any
amount that you need up to your personal loan limit as
long as your account remains in good standing. (Periodic
adjustments may be made to your account limit, and may
be initiated by Checkpoint One or at your request-- Inquire
for details)
Misc. Information:
It is the policy of Checkpoint One not to accept any one
post-dated check larger than $250 ($200 loan plus fees),
and we may request your loan to be extended to multiple
checks for amounts smaller than this. Checkpoint One
can easily accommodate a principle paydown on our loan
and in fact encourages you to pay more than just the fee if
extending you loan. A paydown normally requires signing
a new contract and rewriting your loan for a lesser amount
on new checks. Anytime a new post-dated check loan is
written and a new contract is made, only persons with a
current account in good standing may sign a new contract
or post-dated check agreement.
Call Us Today and Qualify by Phone.
In order to get a post-dated check loan, you must first set
up an account with us. In order to be eligible to set up an
account, we have a few basic requirements:
- You need to have a full time job or some other
reliable source of income such as social security
or retirement and you need to earn a minimum of
$900 per month gross income. - You need to have an active checking account on a
bank that has a branch in the local area. - You can not currently be in an active bankruptcy.
- You must live in the general area near one of our
locations.
How it Works:
You write us a check and we agree to hold the check for a
certain period of time for a fee. In exchange for this fee, we
write you a check which you can cash immediately. Our
fee is collected at the time of the check deposit or when
you pick up your post-dated check with cash, money order,
or a certified bank check.
Time Period:
You can write a post-dated check for any period of time
between 5 and 35 days. (Payoff earlier than 5 days is ok
though.)
Loan Amounts:
The amount we will loan you depends on several factors:
- How long you've had your current job.
- How long you've had your checking account.
- If you have had any bankruptcies that have closed
within the last 3 years. - How many (if any) overdrafts you may have on
your most recent checking account statement. - Your gross monthly income.
Generally speaking, we will loan you up to 25% of your
gross monthly income assuming you have had your job
and checking account for at least 6 months, and you have
no overdrafts on your most recent checking account
statement.
Loan Cost:
We charge 365% per year ($1 per day for each $100
borrowed) for loans less than 28 days and 304.1667% per
year (83 1/3 cents per day for each $100 borrowed) for
loans 28 days or longer on the same contract. However,
you can always pay off your post-dated check loan early
and our fee will be prorated at the rate you started the loan
at, and you will only be charged for the actual number of
days used. There is never an early payoff penalty.
See the examples listed elsewhere on this page to get an
idea of the fees for different loan amounts.
Rollover:
In the event your check comes due and you want to extend
your post-dated check loan for an additional period of time,
you can do so by paying the original fee and we will extend
it for the same period of time. If you want to extend you
post-dated check loan for a different period of time (longer
or shorter) you must pay all fees due on the day you come
in and write us a new check for the original amount of the
loan, plus the new fee to cover the new period of time on
the loan. You are in effect making a new loan and using
the proceeds of the new loan to to pay off the old loan.
However, in no case can you extend the same original
loan or check for longer than twelve weeks- as per Utah
Law.
Limits:
You can generally write a post-dated check for an amount
equal to twenty-five percent of your monthly pay if you have
had a full-time job and checking account for at least six
months. If you have had your job or checking account for a
shorter period of time, we will usually still make you a
loan, but it will be for a lesser amount. (Call one of our
representitives for exact amounts.) In no case can you
write a post-dated check for more than one thousand
dollars, and your first post-dated check cannot be for more
than five-hundred dollars for at least the first thirty-four
days from the first date that you set up a new account.
Clients who set up an account with Checkpoint One will
receive an account limit for the maximum amount for
which they are qualified. We do not set a minimum loan
amount requirement. You are welcome to borrow any
amount that you need up to your personal loan limit as
long as your account remains in good standing. (Periodic
adjustments may be made to your account limit, and may
be initiated by Checkpoint One or at your request-- Inquire
for details)
Misc. Information:
It is the policy of Checkpoint One not to accept any one
post-dated check larger than $250 ($200 loan plus fees),
and we may request your loan to be extended to multiple
checks for amounts smaller than this. Checkpoint One
can easily accommodate a principle paydown on our loan
and in fact encourages you to pay more than just the fee if
extending you loan. A paydown normally requires signing
a new contract and rewriting your loan for a lesser amount
on new checks. Anytime a new post-dated check loan is
written and a new contract is made, only persons with a
current account in good standing may sign a new contract
or post-dated check agreement.
Call Us Today and Qualify by Phone.
Checkpoint One- Corporate
Headquarters
324 N Main
Tooele, UT 84074
ph: 435-882-5560
alt: 435-833-9376
Headquarters
324 N Main
Tooele, UT 84074
ph: 435-882-5560
alt: 435-833-9376
Customer Notice:
Post-dated check loans and Car Title loans
are designed to be used for short-term
financial needs only, not as a long-term
financial solution. Customers with credit
difficulties should seek credit counseling.
Post-dated check loans and Car Title loans
are designed to be used for short-term
financial needs only, not as a long-term
financial solution. Customers with credit
difficulties should seek credit counseling.
Post-dated Check Loans
What is a post-dated check loan?
A post-dated check loan can be a quick and easy solution to a short-term financial problem.
Have you ever found yourself short on money when your payday is still days away? Has your
budget been stretched thin by unexpected expenses such as car repairs, past due bills, or
medical expenses? Have you ever needed money to avoid costly bounced check fees? A
post-dated check loan allows you to postdate a check for the date which you will be able to
pay back the loan, and in exchange, you will receive immediate cash in the form of a check. A
post-dated check loan allows you to have the money you need, when you need it.
A post-dated check loan can be a quick and easy solution to a short-term financial problem.
Have you ever found yourself short on money when your payday is still days away? Has your
budget been stretched thin by unexpected expenses such as car repairs, past due bills, or
medical expenses? Have you ever needed money to avoid costly bounced check fees? A
post-dated check loan allows you to postdate a check for the date which you will be able to
pay back the loan, and in exchange, you will receive immediate cash in the form of a check. A
post-dated check loan allows you to have the money you need, when you need it.
-Some examples of fees at our rate
of 304.1667% APR:
of coming back before the due date and
paying the loan off early in cash and we will
paying the loan off early in cash and we will
just charge you interest for the actual number
of days that you have used.
of days that you have used.
1. $100 borrowed and paid back early-
* 1 day used would cost only $0.83
* 5 days used would cost only $4.17
* 7 days used would cost only $5.83
* 10 days used would cost only $8.33
* 14 days used would cost only $11.67
* 30 days used would cost only $25.00
2. $300 borrowed and paid back early-
* 1 day used would cost only $2.50
* 5 days used would cost only $12.50
* 7 days used would cost only $17.50
* 10 days used would cost only $25.00
* 14 days used would cost only $35.00
* 30 days used would cost only $75.00
Some examples of fees at our rate of
365.00% APR:
*1. $100 borrowed for 7 days = $7.00
*2. $200 borrowed for 7 days = $14.00
*3. $500 borrowed for 7 days = $35.00
of 304.1667% APR:
of coming back before the due date and
paying the loan off early in cash and we will
paying the loan off early in cash and we will
just charge you interest for the actual number
of days that you have used.
of days that you have used.
1. $100 borrowed and paid back early-
* 1 day used would cost only $0.83
* 5 days used would cost only $4.17
* 7 days used would cost only $5.83
* 10 days used would cost only $8.33
* 14 days used would cost only $11.67
* 30 days used would cost only $25.00
2. $300 borrowed and paid back early-
* 1 day used would cost only $2.50
* 5 days used would cost only $12.50
* 7 days used would cost only $17.50
* 10 days used would cost only $25.00
* 14 days used would cost only $35.00
* 30 days used would cost only $75.00
Some examples of fees at our rate of
365.00% APR:
*1. $100 borrowed for 7 days = $7.00
*2. $200 borrowed for 7 days = $14.00
*3. $500 borrowed for 7 days = $35.00