Your right to an installment plan when you are unable to pay your small loan when it is due. If you will be or are unable to pay your loan when it is due, you may convert your loan to an installment plan with us by notifying us on or before the loan’s due date. If the amount owed on your loan is four hundred dollars or less, you may enter into an installment plan that allows you to pay off your loan in substantially equal payments over ninety days. If the amount owed is more than four hundred dollars, you may enter into an installment plan that allows you to pay off your loan in substantially equal payments over one hundred eighty days.  An installment plan will allow you to pay all that you owe without having to pay any additional fees, interest charges or other charge for converting your small loan into an installment plan.  Our loan agreements provide that a request for an installment plan must be made by 3:00 p.m. on the loan’s due date.

Your right to rescind (cancel) a loan. You have the right to rescind a payday loan by returning the amount of the loan in cash, or returning the check given to you by us to our office by the close of business on our next business day following the date of this loan. We may not charge you for canceling the loan and we will return to you, or at your request destroy any postdated check or electronic equivalent authorization you have given to us. If the Debit authorization cannot be destroyed it becomes void if you cancel the loan.

At the time you repay a payday loan with Check Masters, you should have sufficient funds to meet your other financial obligations.  If you cannot pay other bills because you are paying off a payday loan with Check Masters, you should enter the installment plan offered in connection with our payday loans.