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Cash on the Double in Memphis, TN
Cash On The Double is a Memphis-based cash advance and loan service established in 2009, offering quick emergency funding for consumers needing fast cash.
Data compiled from public sources · Rating from CreditDoc methodology
Cash on the Double Review
Cash On The Double has operated as a cash advance and loan service in Memphis, Tennessee since 2009. The company is located at 4712 Winchester Road in the 38118 zip code and maintains a physical storefront with wheelchair accessibility for customer visits. Their primary business model centers on providing emergency cash solutions to consumers who need rapid access to funds.
The company offers cash advance and loan services designed for consumers facing short-term financial emergencies. Based on their categorization and business type, they likely provide payday loans, cash advances, and similar short-term lending products typical of this industry segment. Their establishment in 2009 indicates over a decade of operational history in the Memphis market.
Cash On The Double distinguishes itself through local presence and accessibility features. The company maintains regular weekday business hours (10 AM to 5 PM Monday through Friday) and provides a private parking lot for customer convenience. Their physical location on Winchester Road serves the Memphis metropolitan area, competing with other local and national cash advance providers like ACE Cash Express and Cash-N-Dash in the same region.
A significant limitation of this profile is that available public information is sparse regarding specific loan terms, APR rates, loan amounts, or detailed service offerings. No customer reviews are currently documented on the directory listing. Consumers considering this lender should directly contact them at (901) 791-4826 or visit cashonthedouble.net to confirm current products, rates, and terms before applying.
Services & Features
Cash advances for emergency financial needs
In-person loan processing and funding
Loan services for consumers with limited credit options
Physical storefront lending location
Short-term loan services
Walk-in customer service during business hours
Feature Checklist
Mobile App
Online Portal
Score Tracking
Credit Education
Personal Advisor
Identity Theft Protection
Pros & Cons
Pros
- Established local business operating since 2009 with demonstrated market presence
- Wheelchair accessible physical location accommodates customers with mobility needs
- Private parking lot available for customer convenience
- Consistent weekday business hours (10 AM-5 PM, Monday-Friday) for walk-in service
- Direct phone contact available at (901) 791-4826 for immediate inquiries
- Located in accessible area of Memphis with multiple competing lenders nearby for comparison shopping
Cons
- No customer reviews available on public directory, making service quality difficult to assess
- Website information is minimal; specific loan terms, APR rates, and fees not disclosed publicly
- Limited online presence with basic business directory listing rather than comprehensive company website
- Closed weekends and Sundays, limiting accessibility for working customers
- No email contact option listed; communication limited to phone and in-person visits
Rating Breakdown
Value 2.0
Effectiveness 1.0
Customer Service 2.2
Transparency 2.0
Ease of Use 3.9
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Frequently Asked Questions
Is Cash on the Double legitimate?
Yes. Cash on the Double is a registered company, headquartered in 4712 Winchester Rd, Memphis, TN 38118.
Quick Facts
- Headquarters
- 4712 Winchester Rd, Memphis, TN 38118
- BBB Accredited
- No
- Starting Price
- Contact provider
- Setup Fee
- None
- Money-Back Guarantee
- No
No Website Currently Available
CreditDoc Diagnosis
Doctor's Verdict on Cash on the Double
Cash On The Double is best for Memphis-area consumers facing immediate cash emergencies who prefer working with an established local lender. The primary caveat is the complete lack of publicly available information about interest rates, fees, loan terms, and customer satisfaction, requiring direct contact with the company before commitment.
Best For
- Memphis-area residents needing emergency cash with same-day or next-day access
- Consumers preferring face-to-face loan transactions with local lenders
- Customers seeking alternative credit products when traditional banks decline applications
Updated 2026-04-29
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Read guide →Financial Terms Explained (10 terms)
New to credit and lending? Here are the key terms used on this page, explained in plain language with real-number examples.
Interest & Rates
APR — Annual Percentage Rate
The total yearly cost of borrowing money, including the interest rate plus any fees the lender charges. Think of it as the 'true price tag' on a loan.
Why it matters
Lenders must show APR by law (Truth in Lending Act) because the interest rate alone can hide fees. Comparing APR across lenders is the most reliable way to find the cheapest loan.
Example
You borrow $10,000 at 6% interest for 3 years, but there's a $300 origination fee. The interest rate is 6%, but the APR is 6.9% because it includes that fee. You'd pay $304/month and $946 total in interest.
Compound Interest
Interest calculated on both the original amount borrowed AND the interest that's already been added. It's 'interest on interest' — and it makes debt grow faster than you'd expect.
Why it matters
Credit cards and many loans use compound interest. If you only make minimum payments, compound interest is why a $3,000 balance can take 15 years to pay off.
Example
You owe $1,000 at 20% annual interest compounded monthly. After month 1 you owe $1,016.67. Month 2, interest is charged on $1,016.67 (not $1,000), so you owe $1,033.61. After 1 year without payments: $1,219.
MAPR — Military Annual Percentage Rate
A special APR calculation used for military servicemembers that includes ALL costs — fees, insurance, and add-ons — capped at 36% by federal law.
Why it matters
The Military Lending Act protects active-duty servicemembers and their families from predatory lending. Any lender charging above 36% MAPR to military is breaking federal law.
Example
A payday lender charges a $15 fee per $100 borrowed for 2 weeks. For civilians, that's technically legal in some states. For military: that works out to 391% MAPR — illegal under the MLA.
Usury Rate — Usury Rate (Interest Rate Cap)
The maximum interest rate a lender can legally charge in a particular state. Charging above this rate is called 'usury' and is illegal.
Why it matters
Usury laws are your main legal protection against predatory interest rates. But beware: some states have weak or no usury caps, and federal banks can sometimes override state limits.
Example
New York caps interest at 16% for most consumer loans (25% is criminal usury). If a lender tries to charge you 30% in NY, that loan is unenforceable — you could fight it in court.
How Loans Work
Collateral — Loan Collateral
An asset you pledge to the lender as security for a loan. If you stop paying, the lender can seize and sell that asset to recover their money.
Why it matters
Secured loans (with collateral) have lower interest rates because the lender has less risk. But you could lose your home, car, or savings if you default.
Example
A mortgage uses your house as collateral. A car loan uses your vehicle. A title loan uses your car title. If you miss payments, the lender can foreclose or repossess.
Fees & Costs
Late Fee — Late Payment Fee
A charge added to your account when you miss a payment deadline. Most credit cards charge $29-$41 per late payment, and many loans have similar penalties.
Why it matters
The fee itself hurts, but the real damage is to your credit score. A payment 30+ days late stays on your credit report for 7 years and can drop your score 60-110 points.
Example
Your credit card payment of $150 is due March 1. You pay on March 18. The bank charges a $39 late fee. If it's 30+ days late, it gets reported to credit bureaus and your 760 score drops to 670.
NSF Fee — Non-Sufficient Funds Fee
A fee your bank charges when a payment bounces because there isn't enough money in your account. Also called a 'bounced check fee' or 'returned payment fee.'
Why it matters
NSF fees hit you twice — your bank charges you AND the company you were trying to pay may charge their own returned payment fee. That's $50-70 for one missed payment.
Example
Your auto-pay tries to pull $350 for rent, but you only have $280 in checking. Your bank charges $35 NSF fee. Your landlord charges $25 returned payment fee. Total damage: $60 in fees.
Legal Terms
Usury — Usury (Illegal Interest)
The practice of charging interest rates higher than what the law allows. Usury laws set state-specific caps on how much lenders can charge.
Why it matters
If a lender charges usurious rates, the loan may be void, penalties can be reduced, or you may be entitled to damages. Know your state's limits.
Example
Your state caps consumer loans at 24% APR. An online lender charges you 36%. That loan may be unenforceable, and you might only need to repay the principal — no interest or fees.
Credit Cards
Cash Advance — Credit Card Cash Advance
Using your credit card to get cash from an ATM or bank. It's one of the most expensive ways to borrow — higher interest rate, immediate interest accrual (no grace period), and an upfront fee.
Why it matters
Cash advances are a debt trap: 25-30% APR with no grace period plus a 3-5% fee. Interest starts the second you withdraw, not at the end of the billing cycle.
Example
You take a $500 cash advance. Fee: $25 (5%). Interest: 28% APR starting immediately. After 30 days, you owe $536.67. After 6 months of minimum payments, you've paid $85 in interest on $500.
Want to learn more? Read our Financial Wellness Guides for in-depth explanations and practical advice.
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