Money Mart (previously the Check Cashing Store)

Check-Cashing · Florida

Rating: 3.8/5

Money Mart (previously the Check Cashing Store) logo

Money Mart (The Check Cashing Store) offers check cashing, payday loans ($100-$1,000), money orders, and MoneyGram services across multiple locations with 30+ years in operation.

Official Website

https://thecheckcashingstore.com/StoreDetails/StoreDetails

Money Mart (previously the Check Cashing Store) Review

Money Mart, operating under the brand name The Check Cashing Store, is a financial services company owned by Dollar Financial Group, Inc. that has been serving customers for over 30 years. The company operates multiple locations across various states and provides a range of cash-handling and short-term lending services to consumers who need quick access to funds or basic financial services.

The company's primary service offerings include check cashing (including mobile check cashing via their app), payday loans ranging from $100 to $1,000 with terms between 7 to 90 days available both online and in-store, MoneyGram money transfer services, money orders, small business services, and prepaid Mastercard products (the Momentum Prepaid Mastercard issued by The Bancorp Bank). Their service availability varies by location, and they explicitly state that product offerings may differ depending on which store location a customer visits.

Money Mart distinguishes itself through its extensive physical retail footprint, mobile check cashing capability via smartphone app, and integration of multiple financial services under one roof. They offer both in-store and online loan applications, providing flexibility for customers who prefer digital or in-person transactions. The company is transparent about loan terms and includes regulatory disclosures about short-term loan usage. MoneyGram services are authorized across all 50 states and U.S. territories under NMLS #898432, indicating legitimate money transmitter licensing.

As a payday lender, Money Mart operates in a high-cost lending space. While they provide genuine convenience for unbanked consumers, their short-term loans are expensive and explicitly not recommended for long-term financial solutions by their own disclosures. The company's business model depends on repeat borrowing, which can trap customers in debt cycles.

Customers facing financial difficulties are directed toward credit counseling resources, acknowledging the limitations of their products as standalone financial solutions.

Pros & Cons

Reader-focused summary of the strongest reasons to consider Money Mart (previously the Check Cashing Store) and the factors most worth weighing before contracting. Individual outcomes depend on your credit situation and goals.

Pros

  • ✓Mobile check cashing app available for smartphone deposits without visiting a store location
  • ✓Long operational history of 30+ years suggests established infrastructure and customer base
  • ✓Flexible payday loan terms from 7 to 90 days (not just 2-week cycles)
  • ✓Integrated multi-service model: check cashing, loans, MoneyGram, money orders, and prepaid cards in one location
  • ✓Available both online and in-store for loan applications, offering customer choice
  • ✓Nationwide MoneyGram service authorized in all 50 states and U.S. territories
  • ✓Regulated money transmitter with proper licensing (NMLS, New York DFS, state-specific licenses)

Areas to Consider

  • !Payday loans are high-cost short-term debt with expensive interest rates typical of the industry
  • !Company's own disclosures warn that short-term loans should not be used long-term, yet repeat borrowing is their business model
  • !Check cashing fees vary by state and are subject to per-item fees not clearly disclosed on main website
  • !Limited loan amounts ($100-$1,000 maximum) inadequate for substantial financial needs
  • !Service and product availability inconsistent across locations, requiring store-by-store verification

Verdict Summary

Money Mart (previously the Check Cashing Store) works best for consumers who value mobile check cashing app available for smartphone deposits without visiting a st and can accept the tradeoff of payday loans are high-cost short-term debt with expensive interest rates typical. Compare against similar providers below before signing any contract.

Services & Features

Services offered

Feature Checklist

✗Credit Monitoring
✗All Three Bureaus
✗Goodwill Letters
✗Cease Desist Letters
✗Debt Validation
✗Credit Education
✗Identity Theft Protection
✗Score Tracking
✗Mobile App
✗Online Portal
✗Personal Advisor
✗Ai Powered

Best For

Before You Contact Money Mart (previously the Check Cashing Store)

Before signing up with any Check Cashing provider, review these safeguards:

Compare Your Needs With Money Mart (previously the Check Cashing Store)

Match these decision factors against Money Mart (previously the Check Cashing Store)'s profile before committing. This rubric mirrors what independent consumer-finance research typically checks for Check Cashing providers.

Category

Check Cashing

Service scope

10 services listed

Geographic coverage

1 states

Match to your priorities

  • ●
    Budget priority: Pricing published above — factor in setup, monthly, and cancellation fees over the full expected service window.
  • ●
    Complexity priority: Consider Money Mart (previously the Check Cashing Store)'s stated strengths (Mobile check cashing app available for smartphone deposits without visiting a store location) against your specific credit situation.
  • ●
    Timeline priority: Check Cashing typically takes 3-6 months for meaningful outcomes. Providers guaranteeing overnight results are red flags under federal consumer protection law.
  • ●
    Recourse priority: Confirm state licensing via your state regulator and check the CFPB complaint database before contracting.
  • ●
    Alternatives: Compare against all Check Cashing providers, DIY options via non-profit counseling agencies, and free CFPB resources.

Pricing

  • Monthly Price: 0
  • Setup Fee: 0
  • Money Back Guarantee: False
  • Guarantee Details:
  • Free Consultation: True
  • Tiers: []
  • Currency: USD

Frequently Asked Questions

What services does Money Mart (previously the Check Cashing Store) offer?

Money Mart (previously the Check Cashing Store) offers 10 services including Check cashing (in-store and mobile app), Payday loans ($100-$1,000, 7-90 day terms), Online payday loan applications, In-store payday loan applications, MoneyGram money transfer services, and 5 more. Confirm current service list directly with the provider before contracting.

Who is Money Mart (previously the Check Cashing Store) best suited for?

Money Mart (previously the Check Cashing Store)'s profile signals suggest it may fit: Unbanked or underbanked consumers without access to traditional bank accounts who need check cashing services; Individuals facing temporary cash shortfalls needing immediate funds for 1-3 month periods; Customers seeking to send money domestically or internationally via MoneyGram without a bank account; Small business owners needing basic cash handling and money order services in their area. Individual outcomes vary based on your specific situation.

What are the strengths and weaknesses of Money Mart (previously the Check Cashing Store)?

Key strengths: Mobile check cashing app available for smartphone deposits without visiting a store location; Long operational history of 30+ years suggests established infrastructure and customer base; Flexible payday loan terms from 7 to 90 days (not just 2-week cycles). Areas to consider: Payday loans are high-cost short-term debt with expensive interest rates typical of the industry; Company's own disclosures warn that short-term loans should not be used long-term, yet repeat borrowing is their business model.

How does Money Mart (previously the Check Cashing Store) compare to similar companies?

In the Check Cashing category, comparable providers include AAA CHECK CASHING, California Check Cashing Stores, Cash 4 Less. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.

Where does Money Mart (previously the Check Cashing Store) operate?

Money Mart (previously the Check Cashing Store) serves customers in 1 states including Florida. Confirm current service availability in your state directly with the provider.

How much does Money Mart (previously the Check Cashing Store) cost?

Listed pricing for Money Mart (previously the Check Cashing Store): monthly price: 0; setup fee: 0; money back guarantee: False. Pricing may change — verify current fees directly with the provider before signing any contract.

Visit Money Mart (previously the Check Cashing Store)

State Consumer Finance Context

This is state-level context for Check Cashing consumers in Florida. It does not confirm that Money Mart (previously the Check Cashing Store) or this specific location is licensed.

State regulator: Florida Office of Financial Regulation
Consumer protection: Florida Attorney General Consumer Protection Division

Credit and debt help rules in Florida

Key state rules to check

Payday lending in Florida: Legal (max $500)

Usury cap: 18% for loans under $500,000; 25% criminal usury threshold; payday loans regulated separately

Complaint resources

State references

Florida allows payday lending with notable consumer protections including a statewide database preventing multiple simultaneous loans, a $500 cap, and a 24-hour cooling-off period. The Office of Financial Regulation oversees all consumer lenders. Consumers can file complaints online through the OFR or the Attorney General.

Similar Companies ⓘ

Comparable Check Cashing providers with similar service scope. Ratings reflect stored review context; verify current licensing and pricing directly before contracting.

AAA CHECK CASHING logo

AAA CHECK CASHING

AAA CHECK CASHING offers check cashing services with competitive processing fees. The company emphasizes low-cost transactions and easy money access.

Rating 2.6/5

Read review →

Notable: Claims to offer the lowest processing fees in the market for check cashing

California Check Cashing Stores logo

California Check Cashing Stores

At 2531 Mission Street in San Francisco, CA, California Check Cashing Stores offers check cashing and financial services.

Rating 2.8/5

Read review →

Notable: Multiple San Francisco locations (2531 Mission, 1098 Market, 5129 Mission) for convenient access

Cash 4 Less logo

Cash 4 Less

Family-owned check cashing service with 4 California locations offering fast processing, competitive rates, and no hidden fees for multiple check types.

Rating 2.4/5

Read review →

Notable: Four convenient California locations with extended weekday hours (until 5 PM Monday-Thursday)

CFSC the Check Cashing Place Downtown logo

CFSC the Check Cashing Place Downtown

CFSC is a check-cashing storefront offering no-account check cashing, money orders, bill pay, and prepaid debit cards at multiple San Diego locations.

Rating 2.6/5

Read review →

Notable: No bank account required for check cashing—only photo ID and personal information needed

Checkmate logo

Checkmate

Checkmate Phoenix, AZ — Checkmate offers check cashing and complete loan solutions for consumers needing quick access to cash and financial services.

Rating 2.8/5

Read review →

Notable: Offers both check cashing and loan products in one location for bundled financial services

Hunting Park Check Cashing & Auto Tags logo

Hunting Park Check Cashing & Auto Tags

Hunting Park Check Cashing & Auto Tags offers check cashing and money transfer services with convenient hours in Philadelphia's Hunting Park neighborhood.

Rating 2.8/5

Read review →

Notable: Extended weekday hours until 5:00-5:30 PM accommodate working professionals

Micro Loans NW logo

Micro Loans NW

Micro Loans NW is a Kent, Washington-based financial services provider offering payday loans, business loans, check cashing, and wire transfers since 2010.

Rating 2.6/5

Read review →

Notable: Extended business hours until 8:00 pm daily, accommodating working customers

Nikki's Check Cashing logo

Nikki's Check Cashing

Nikki's Check Cashing offers check cashing, money orders, and cash advance services in Philadelphia. Located on Bustleton Ave with extended weekday hours.

Rating 2.3/5

Read review →

Notable: Extended evening hours until 7:00 PM on Thursday and Friday

Related Questions

Quick Summary

Money Mart (previously the Check Cashing Store) — Check Cashing in Florida.

Overall rating: 3.8/5

Money Mart (The Check Cashing Store) offers check cashing, payday loans ($100-$1,000), money orders, and MoneyGram services across multiple locations with 30+ years in operation.

Visit Money Mart (previously the Check Cashing Store)

Next Steps

  1. Compare Money Mart (previously the Check Cashing Store) against similar options above.
  2. Run our borrowing power quiz to see how Money Mart (previously the Check Cashing Store) matches your situation.
  3. Check state regulator listings for Money Mart (previously the Check Cashing Store)'s licensing before committing.
  4. Visit Money Mart (previously the Check Cashing Store) once you're ready.

Glossary of Terms

Common terms that come up when comparing Check Cashing providers. Full glossary at creditdoc.co/glossary/.

Amortization — Loan Amortization
The process of paying off a loan through regular payments that cover both principal and interest. Early payments are mostly interest; later payments are mostly principal.
Why it matters: Understanding amortization explains why paying extra early in a loan saves the most money — you're reducing the principal that interest is calculated on.
Example: Month 1 of a $200,000 mortgage at 6%: your $1,199 payment splits as $1,000 interest + $199 principal. By month 300: only $47 goes to interest and $1,152 goes to principal.
Balloon Payment
A large lump-sum payment due at the end of a loan, after a period of smaller monthly payments. The loan isn't fully paid off by the regular payments — the balloon settles it.
Why it matters: Balloon payments make monthly payments look affordable but create a financial cliff. If you can't pay or refinance at the end, you could lose your home or asset.
Example: A 5-year balloon mortgage on $200,000: you pay $1,054/month (as if it were a 30-year loan), but after 5 years you owe a balloon of $186,108 all at once.
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.
Cosigner — Loan Cosigner
A person who agrees to repay your loan if you can't. They're equally responsible for the debt, and their credit is affected by your payment behavior.
Why it matters: Cosigning helps people with thin credit get approved or get better rates. But it's a huge risk for the cosigner — they're on the hook for the full amount if you default.
Example: A parent cosigns their child's $30,000 student loan. The child stops paying after 6 months. The parent is now legally required to make the payments or face collections, lawsuits, and credit damage.
Credit Bureau — Credit Reporting Agency (Bureau)
A company that collects and sells information about your credit history. The three major bureaus are Equifax, Experian, and TransUnion.
Why it matters: Not all lenders report to all three bureaus, so your reports may differ. You should check all three reports because an error on one could be costing you money.
Example: Your car loan only reports to Equifax and TransUnion. Your Experian report doesn't show that good payment history, so your Experian score is 15 points lower.
Credit Freeze — Security Freeze / Credit Freeze
A free tool that locks your credit report so no one (including you) can open new accounts until you lift it. It's the strongest protection against identity theft.
Why it matters: A credit freeze prevents criminals from opening loans in your name, even if they have your Social Security number. It's free by law and doesn't affect your credit score.
Example: Your data was in a breach. You freeze your credit at all 3 bureaus (takes 10 minutes online). A thief tries to open a credit card in your name — denied because the lender can't pull your frozen report.
Credit Mix — Credit Mix (Types of Credit)
The variety of credit accounts you have — credit cards (revolving), auto loans (installment), mortgage, student loans, etc. Having multiple types shows you can manage different kinds of debt.
Why it matters: Credit mix accounts for about 10% of your FICO score. Having only credit cards isn't as strong as having a card, an installment loan, and a mortgage.
Example: Borrower A has 3 credit cards. Borrower B has 2 credit cards, a car loan, and a student loan. Even with the same payment history and utilization, Borrower B's score is typically higher.
Credit Report — Consumer Credit Report
A detailed record of your borrowing history maintained by credit bureaus. It lists every loan, credit card, payment history, collection, and public record tied to your name.
Why it matters: Errors on credit reports are common — 1 in 5 consumers has at least one mistake. Checking your report regularly is the first step to fixing errors that are costing you money.
Example: You pull your free report from AnnualCreditReport.com and find a $2,400 medical collection you already paid. You dispute it, the bureau verifies it's resolved, and your score goes up 40 points.
Credit Score
A 3-digit number (300-850) that summarizes how reliably you've handled borrowed money. Higher scores mean lower risk to lenders and better loan terms for you.
Why it matters: Your credit score determines whether you get approved and at what rate. A 100-point difference can mean thousands of dollars more or less in interest over a loan's life.
Example: On a $250,000 30-year mortgage: a 760 score gets you 6.2% ($1,536/month). A 660 score gets 7.4% ($1,729/month). Over 30 years, the lower score costs you $69,480 more.
Credit Utilization — Credit Utilization Ratio
The percentage of your available credit that you're currently using. If you have $10,000 in credit limits and owe $3,000, your utilization is 30%.
Why it matters: Utilization is the second-biggest factor in your credit score (after payment history). Keeping it below 30% helps your score; below 10% is ideal.
Example: You have 3 cards with a $15,000 total limit. You're carrying $4,500 in balances (30% utilization). Paying down to $1,500 (10% utilization) could boost your score by 20-50 points.
Default — Loan Default
When you fail to repay a loan according to the agreed terms — usually after 90-180 days of missed payments. It's the point where the lender gives up on collecting normally.
Why it matters: Default triggers severe consequences: credit score drops 100+ points, the debt may be sent to collections, you could be sued, and your wages or assets could be seized.
Example: You miss 4 consecutive car payments. The lender declares your loan in default, repossesses your car, sells it at auction for $8,000, and you still owe the remaining $5,000 (called a deficiency balance).
FICO Score — Fair Isaac Corporation Score
The most widely used credit scoring model, created by Fair Isaac Corporation. 90% of top lenders use FICO scores for lending decisions.
Why it matters: FICO has many versions (FICO 8, 9, 10). Mortgage lenders still use older versions (FICO 2, 4, 5), so your mortgage score may differ from what free apps show you.
Example: Your FICO 8 score (used for credit cards) is 740. Your FICO 5 score (used for mortgages) is 725 because it weighs collections differently. Same credit history, different scores.
Hard Inquiry — Hard Credit Inquiry (Hard Pull)
When a lender checks your credit report because you've applied for credit. Each hard inquiry can lower your score by 5-10 points and stays on your report for 2 years.
Why it matters: Multiple hard inquiries in a short period suggest you're desperately seeking credit, which is a red flag. Exception: mortgage and auto loan shopping within 14-45 days counts as one inquiry.
Example: You apply for 5 credit cards in one month. Each application triggers a hard inquiry. Your score drops 25-50 points from the inquiries alone, making each subsequent application harder.
Loan Term (Tenor) — Loan Term / Tenor
How long you have to repay the loan, measured in months or years. A shorter term means higher monthly payments but less total interest paid.
Why it matters: Longer terms feel more affordable monthly but cost much more overall. A 30-year mortgage costs almost double in interest compared to a 15-year mortgage on the same amount.
Example: Borrowing $200,000 at 6.5%: A 15-year term costs $1,742/month ($113,561 total interest). A 30-year term costs $1,264/month ($255,088 total interest). You save $141,527 with the shorter term.
Origination Fee — Loan Origination Fee
A one-time fee the lender charges to process and set up your loan. It covers their costs for underwriting, verifying your information, and preparing paperwork.
Why it matters: Origination fees are usually 1-8% of the loan amount and are often deducted from your loan proceeds — so you receive less than you borrowed.
Example: You're approved for a $10,000 personal loan with a 5% origination fee. The lender deducts $500 upfront, so you receive $9,500 in your bank account but owe $10,000 plus interest.