Dontbebroke.com, or Dollar Loan Center, is a community short-term loan company that offers installment payday loans and car title loans. They advertise lower rates than their competitors and repayment terms of up to 65 weeks. They have several reliable methods for contacting one of their customer service departments, including a live online chat.
One of their focuses is on being involved with and supporting the communities where their stores are located. They are a direct lender with over 80 branch locations in California, Nevada, Utah, and South Dakota. Dollar Loan Center began operating in 1998 and is headquartered in Las Vegas, Nevada.
Dollar Loan Center offers installment payday loans of amounts that extend up to $2,500. The actual loan limits will vary depending on the applicant's state of residence. The interest rates given for each state range from 196.96% to 388.93% APR, but the actual rates will vary based on the type of loan, loan amount, and the state. Interest accrues daily but borrowers pay the interest only for the days that the loan is still out. Repayment terms may extend up to 65 weeks and payments are due according to the frequency of the borrower's paydays.
Loans can be paid off in full at any time without any penalties. They also do not charge application or origination fees. In addition to the application information, applicants will need to provide the following verifications:
Applications can be submitted online, over the phone, or in person at one of Dollar Loan Center's locations. Loan processing for pre-approval takes 30 minutes. In-store applicants can receive same-day funding, while online applicants will have the money deposited in their checking accounts by the next business day.
Dollar Loan Center provides customers with a variety of reliable ways to contact one of their customer service departments, including:
Emails are responded to within an hour or less, and the live chat is almost always immediately available. Dollar Loan Center provides information to customers about potential scams and fraudulent loan offers and what to look for and what to do. They also offer some financial education to their customers, specifically regarding:
Part of Dollar Loan Center's focus is on supporting the local communities in which each branch operates through their Dollar Loan Center Community Involvement program. They sponsor and participate in community charity events, and they support several non-profit organizations. The also hold periodic contests, mainly through their social media accounts. Dollar Loan Center also guarantees that their rates will beat any payday loan or payday advance rate from another company in an applicant's area. They promise that if their rates are not lower, the applicant's loan with Dollar Loan Center will be interest-free.
As with any payday loan company, Dollar Loan Center's interest rates are much higher than the interest rates that accompany other types of funding. That being said, Dollar Loan Center's rates are on the lower end and are even much lower than some of their competitor's rates. A typical loan will have an interest rate of between 196.96% and 388.93% APR depending on the state, but the actual interest may be higher or lower depending on the borrowed amount and the payment schedule. It should be noted, however, that because Dollar Loan Center allows for a longer repayment period, if customers make payments for the full term length, they will end up paying quite a bit of money in interest.
Dollar Loan Center operates in only four states in the United States: California, Nevada, Utah, and South Dakota. There are over 80 branch locations scattered across those states, plus residents of those states can always apply online or over the phone. However, residents of other states are not eligible to apply at all, even online. There are also negative reviews specifically regarding three concerns:
Although several people complained of having negative customer service experiences, they seemed limited to in-person encounters in the stores and not directed to the general customer service department. Aggressive collection policies and high overall costs are two of the pitfalls of taking out a payday loan, no matter which company the loan is issued from. Want to know which payday loan company is top rated? Click Here
Dollar Loan Center, or dontbebroke.com, is a provider of short-term funding in the form of installment payday loans and auto title loans. Their payday loans extend up to $2,500 and are repaid over a maximum of 65 weeks. The interest rates vary by state but range from 196.96% to 388.93% APR, which, while very high compared to other types of loans, are on the lower end of typical payday loan rates. They provide customers with a guarantee to beat the interest rates issued by any other payday loan business, and their customer service department is reliable and easy to reach.
Dollar Loan Center is operating in only four states, making their services unavailable to the majority of consumers in the United States. The company was established in 1998, giving them some credibility, but even with their advertised low interest rates, borrowers will still end up paying back a large amount in interest fees.
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