Home Dollar Loan Center Review 2020 – READ THIS BEFORE Applying!
Kane Pepi


Dollar Loan Center Review...

If you need a bit of extra cash and you require the money fast, it might be worth considering a signature loan. These are loans are based primarily on your credit score and annual income. As such, there is no requirement to put any assets up as collateral. One such provider that is involved in this particular segment of the US financing space is Dollar Loan Center.

The lender specializes in signature loans throughout Nevada and Utah. You can borrow up to $5,000, and the entire application can be completed within the comfort of your own home. Moreover, loans are often funded in a matter of minutes, so if fast funding is your main priority, Dollar Loan Center might be the right lender for you.

With that being said, we would strongly advise you to read our in-depth Dollar Loan Center Review prior to taking the plunge. We’ll cover the ins and outs of what you need to know before applying, such as how much you can borrow, who is eligible, what fees you need to consider, and more.

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Dollar Loan Center is only available to those based in Utah or Nevada. If you’re based elsewhere in the US, you’ll need to use a different lender.

What is Dollar Loan Center?

Dollar Loan Center is an online loan provider that specializes in signature loans. For those unaware, these are simply loans that base your eligibility on income and creditworthiness.  This means that there is no requirement to put an asset up as security. The lender offers loans to residents based in Nevada and Utah.

This is somewhat unusual for an online lender, not least because platforms typically service borrowers nationwide. Nevertheless, Dollar Loan Center also operates physical branches in both of the states that is offers loans in. This means that you can choose to collect the loan funds in person, or have it transferred to your bank account.

Dollar Loan Center Review...


Although the platform labels its financing solution as a signature loan, agreements must be on a short term basis. In fact, loans can range from 1 day, up to a maximum of 3 months. When it comes to fees, Dollar Loan Center is not cheap. You will likely pay a three-figure rate, with APRs ranging from 196.96% to 388.93%.

As such, the platform should only be used if you are unable to find an alternative solution to your funding needs. On the flip side, the platform is often able to approve loans in less than 30 minutes.  Finally, the loan provider does not charge any application fees, nor will it charge you if you decide to pay your loan off early.

What are the Pros and Cons of Dollar Loan Center?

Dollar Loan Center Pros:

✅Offers funding in as little as 30 minutes

✅Repeat customers can obtain financing in just 10 minutes

✅Apply online or in-store

✅Collect the cash in person or have the funds deposited into your bank account

✅Loans can be acquired for any purpose

✅No early repayment fees

Dollar Loan Center Cons:

❌ High APR rates

❌ Only available in Nevada and Utah

Signature loan provider, Dollar Loan Center, weighed against other online loan service providers

Dollar Loan Center specializes in signature loans that use your annual incomes and credit score in determining whether you qualify for a loan and at what APR rate. A bad credit score will, however, not stop you from qualifying for a loan as long as you have a solid income base. But how is the signature loan and its terms when weighed against other online loans provided by different bad and poor credit service providers like Check ‘n’ Go, TitleMax, and CashNet USA?

Dollar Loan Center

  • Borrow signature loans of between $100 and $5,000
  • No minimum credit score required (soft check)
  • Signature loan APR ranges from 196.96% to 388.93%
  • Loan repayment term ranges from next pay day to 3 months

Check N Go

  • Borrowing limits $100 to $1,500
  • Credit Score Required 500 FICO
  • Fee Rate on $100 starts from $25 (state dependent)
  • Term of Loan 10 to 31 days


  • Borrow up to $10,000 (secured title loans)
  • No credit score check
  • Annual loan APR ranges from 400% – 1,000%+ (payday loans)
  • Loan repayment period of 30 days to 72 months

CashNet USA

  • Borrow limit extends from $100 to $3,000 depending on the type of loan and the borrower’s state of residence
  • Requires a credit score of at least 300
  • Annual interest rates starts from 89% to 1,140% on payday loans
  • 2 weeks to 6 months payback period

How Does Dollar Loan Center Work?

Dollar Loan Center works in a similar nature to other short-term loan providers such as CashUSA and Check Into Cash, insofar that you can complete the entire loan process online. First and foremost, you’ll need to head over to the Dollar Loan Center homepage and click on the ‘LET’S GET STARTED’ button. You will then need to state which of the two supported states you live in, whether you want to collect the cash online or in-store, how much you want to borrow, and for how long.

Dollar Loan Center Review...

You will then be asked a range of questions pertaining to your identity and financial standing. Regarding the former, this will include your first and last name, home address, date of birth, social security number, and residency status. You’ll also need to provide your contact details. In terms of your financial standing, you’ll need to let the lender know your employment status, the company you work for, how much you earn, and when you get paid.

Even if you have your Dollar Loan Center application approved, there is no guarantee that you will get the amount you asked for. On the contrary, the lender might offer you a lower amount to mirror your affordability levels.

As soon as you submit the online application, the system will then cross-reference your information with third-party sources. This is to determine whether or not you are eligible, and if so, how much you are able to borrow. Crucially, the application will be a hard inquiry, meaning that it will appear on your credit report regardless of the decision.

What Happens Once I am Approved With Dollar Loan Center?

If your loan application is approved, you will be shown your pre-approval offer on-screen. This will include the amount that the lender is happy to lend you, and at what rate. The offer will also display how much you need to pay and on what date(s). In most cases, this will mirror the term that you applied for in the initial application.

Dollar Loan Center Review...

If you are happy with the loan offer, you will then need to enter your checking account details. This is the account that the funds will be paid into, as well as the account that you’ll repay the money from. Finally, you’ll need to read and sign the digital loan agreement. All being well, Dollar Loan Center should transfer the funds within 30 minutes.

What Types of Loans Does Dollar Loan Center Offer?

The only loan type that Dollar Loan Center offers is that of a short-term signature loan.

✔️ Signature Loans

Although Dollar Loan Center brands its loans as signature loans, they operate more like a traditional payday loan. The reasons for this are two-fold. Firstly, loan terms can range from just 1 day, up to a maximum of 3 months. Secondly – and as we’ll cover in more detail shortly, the APR rates charged by Dollar Loan Center are super-high, just like payday loans.

How Much Does Dollar Loan Center Cost?

As is the case with most loan providers operating in the online space, APR rates will vary depending on a number of factors. As such, we’ve listed some of the metrics that can affect the amount of interest that you pay on your loan.

❓The amount you need to borrow

❓How long you need to borrow the funds for

❓The US state that you reside in (Nevada or Utah)

❓Your current FICO credit score

❓Your debt-to-income ratio

❓Your current household income

Dollar Loan Center doesn’t allow you to make an application through a soft enquiry. As a result, the only way that you will be able to view your rates (and eligibility) is to go through the application process.

In order to clear the mist regarding APR rates, we have outlined some of the most important points below.

💸Signature loans at Dollar Loan Center will typically start at 196.96%, with an upper limit of 388.93%.

💸The lender does not charge any application fees.

💸You will always have the option of paying your loan off early at no extra cost. This will allow you to reduce the amount of interest that you pay over the course of the loan.

💸Dollar Loan Center does not make it clear whether or not late payment fees are charged.

Although Dollar Loan Center is somewhat opaque with what it actually charges, it does give an example on its website. The example is based on a $500 loan. If you were to borrow the funds for 14 days, it would cost you $37.90 in interest. If you were to take the full 90 days available, you would pay $237.57 in interest.

Am I Eligible With Dollar Loan Center?

If you’re wondering whether or not you are eligible with Dollar Loan Centre, the platform accepts applications from all credit types. In fact, even if you are in possession of bad credit, there is still a chance that you will be approved. This is because the lender will look at metrics other than just your credit score. This can include your annual income, and whether you own your home.

On the flip side, the lender won’t be suitable for you if you’ve got good or excellent credit, not least because you’ll be able to get a much cheaper loan rate elsewhere.

Here’s what Dollar Loan Center will look at when assessing your eligibility.

✔️ Credit Score

The most important metric that the lender will look at is your credit score. The higher your score, the more chance you have of being approved. Moreover, higher credit scores will typically result in a lower APR rate.

✔️ Income

The lender will also base its loan decision on your current income. You will increase your chances of being approved if you are in full-time employment with a salary that is paid into your bank account.

✔️ Pay Slips

In order to verify your stated income, Dollar Loan Center might ask you to email over your recent payslips. It might be quicker to hand these in to your nearest center if you want to speed things up.

✔️ State

As noted throughout our review, loans are only available if you are based in Nevada or Utah.

✔️ Age

You must be aged at least 18 years old to qualify for a loan with Dollar Loan Center.

How Much can I Borrow From Dollar Loan Center?

Dollar Center Center is able to facilitate loans from just $100, up to a maximum of $5,000. However, you might not get the full amount that you ask for.

How Does the Repayment Process Work at Dollar Loan Center?

When it comes to repaying your loan, Dollar Loan Center will ask you to install an electronic debit agreement from your bank account. This will need to be the same bank account that you had the loan funds paid into. However, as the lender is also able to facilitate loans for those without access to a checking account, you can also make your repayments via your local Dollar Loan Center branch.

Dollar Loan Center Review...

In terms of the specific amounts, this will always be fixed throughout the duration of the loan. With that said, most loans are facilitated on a ‘payday loan basis’, meaning that you’ll need to repay the full amount on the date that you next get paid.

What if I Miss a Payment?

One of the biggest pain-points that we have with Dollar Loan Center is that the lender does not make it clear what its policy is on late or missed payments. On the one hand, this is somewhat problematic, not least because you need to know how much you will be required to pay in the event of a late payment. On the other hand, you shouldn’t be taking out a loan if you think that there is a chance you might miss a payment.

It’s best to set up an electronic debit agreement as opposed to making manual repayments. This will ensure that you are never late for a payment, as the funds will be debited from your account automatically.

The good news is that Dollar Loan Center must abide by state lending laws. This means that it will be limited in what it can charge you in the event that you are late with a payment. On the flip side,  the lender allows you to pay your loan off early without being penalized. This will allow you to reduce the total amount of interest that you pay, as Dollar Loan Center only charges you for the time that you borrow the money.

Customer Service at Dollar Loan Center

If you need to speak with a member of the Dollar Loan Center support team, you can reach them on the following channels.

📱Phone:866-300-8666 (Nevada) or 877-325-0173 (Utah)

📧 Email: Online contact form

💬 Live Chat: Not available

The customer service team works 6 days per week. Standard opening hours, displayed in Pacific Standard Time (PST), are listed below.

⏱️ Monday-Friday: 09:00 – 18:00

⏱️ Saturday: 09:00 – 16:00

⏱️ Sunday: Closed

Dollar Loan Center Review: The Verdict

In summary, Dollar Loan Center is a handy option if you are looking for a short-term loan in a speedy manner. With loans of between $100 and $5,000, the lender is often able to process applications in less than 30 minutes. Moreover, you won’t be charged anything to repay the loan early, which means you’ll have the chance of reducing the amount of interest that you pay.

However, the lender also comes with its flaws. Crucially, you’ll end up paying a hefty rate of interest at Dollar Loan Center. With that said, the lender does not provide specific rates until you go through the application process. As this is based on a hard credit inquiry, the application will be posted to your credit report.

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Our Rating

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  • Loans From $100 to $15,000
  • Instant Application & Approval
  • Bad Credit Considered
  • Lenders From All 50 US States Onboard
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How do I repay my Payday loan with Dollar Loan Center?

What is a signature loan?

How long does it take for Dollar Loan Center to transfer my funds?

What states does Dollar Loan Center service?

Kane Pepi

Kane Pepi

Kane holds academic qualifications in the finance and financial investigation fields. With a passion for all-things finance, he currently writes for a number of online publications.