No stored Google rating available.
1F Cash Advance offers payday and installment loans up to $1,000–$5,000 with same-day funding and no credit check in Cleveland, Ohio.
Data compiled from public sources
1F Cash Advance is a licensed financial services provider operating in Ohio since 2019, with physical locations in Cleveland, Columbus, and Cincinnati. The company specializes in short-term small loans designed for emergency expenses and income gaps, targeting borrowers who may have limited credit options. They operate both in-store and online, serving the Cleveland market from their location at 700 West St. Clair Avenue.
The company offers two main loan products: payday loans (up to $1,000, 91 days to 12 months) and installment loans (up to $5,000, repayment over 2–24 months). Applications are processed with eligibility claim to verify, focusing instead on income stability and ability to repay. provider-stated funding timing is available for in-store cash pickups or direct deposits approved before 10:30 a.m. on weekdays. They also provide check cashing services. Online applications are available 24/7, with in-store hours Monday–Friday 8 a.m.–10 p.m. and Saturday 9 a.m.–6 p.m.
The company distinguishes itself through transparency about loan terms, trained loan staff context, and explicit compliance with Ohio's 28% APR cap and $1,000 payday loan limit. They market accessibility for bad-credit borrowers and emphasize quick processing (5-minute applications). The website includes a direct acknowledgment that these loans are not intended for long-term financial problems and recommends credit counseling for ongoing issues.
However, this remains a high-cost lending product. While compliant with Ohio law, the APR ceiling of 28% is still higher in listed context than traditional personal loans or credit union alternatives. The company's business model depends on short-term, repeat lending, and the website's honest caveat about appropriate use suggests these products carry real risk of repeat-borrowing cycles for vulnerable borrowers.
Review lender profiles, APR ranges, fees, minimum-score fields, and funding-speed notes before deciding what to do next.
This is state-level context for Emergency Cash consumers in Cleveland, OH. It does not confirm that Second Chance Loans or this specific location is licensed.
State regulator
Ohio Department of Commerce Division of Financial Institutions
Consumer protection
Status: Permitted
Rate context: 28% APR maximum on short-term loans under HB 123 (2018); monthly maintenance fee up to 10% of original principal (maximum $30/month)
Amount context: $1,000
HB 123 (2018) substantially reformed Ohio payday lending. Short-term loans are capped at $1,000 with a minimum term of 91 days. Borrowers may have only one outstanding payday loan at a time. The Ohio Payday Loan Database (maintained by the Department of Commerce Division of Financial Institutions) tracks all payday loans to prevent excessive lending and debt traps. Lenders must verify borrower information in the database before issuing a loan.
Status: Permitted
Rate context: 8% APR general usury cap applies unless exempt; consumer finance lenders may operate under different rate structures with proper licensing
Installment loans are permitted in Ohio and regulated by the Ohio Department of Commerce Division of Financial Institutions. Licensed consumer finance lenders may charge rates above the general usury cap under Ohio Rev. Code § 1321.01 et seq., provided they comply with licensing requirements and disclosure obligations.
Source: CreditDoc state-law summary and listed public regulator resources. Verify licensing directly with the listed state regulator before relying on a provider.
Second Chance Loans offers 10 services including Payday loans up to $1,000 with 91-day to 12-month terms, Installment loans up to $5,000 with 2–24 month repayment options, Online loan applications available 24/7, In-store applications and instant approval decisions, Same-day cash pickup at Cleveland location, and 5 more.
Second Chance Loans has profile signals associated with Employed borrowers with stable income facing genuine emergencies (car repair, medical expense, utility shutoff) needing funds within 24 hours, Individuals with bad credit or no credit history who may not meet traditional personal-loan or credit-card criteria, Short-term income gaps between paychecks when faster alternatives (credit union PALs, employer advances) are unavailable.
Key strengths: provider-stated funding timing available for in-store approvals before 10:30 a.m. on weekdays, with cash issued instantly for payday loans; eligibility claim to verify; focus on income stability makes qualification possible for borrowers with bad or no credit; Ohio-regulated with 28% APR cap (lower than many states), fully compliant with state law. Areas to consider: 28% APR, while compliant with Ohio law, remains significantly higher than personal loans, credit unions, or employer advances; Short-term payday structure (91 days minimum) can trap borrowers in rollover cycles despite company's stated guidance against misuse.
In the Emergency Cash category, comparable providers include Advance America, Payday Loans Online Columbus, Short Term Loans Euclid D & Associates, LLC. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.
CreditDoc Profile Note
1F Cash Advance is appropriate for working individuals with stable income facing genuine short-term emergencies when faster alternatives (employer advances, credit union PALs, emergency assistance programs) are unavailable. The critical caveat: 28% APR and short-term structure create real risk of repeat-borrowing cycles; this product should be a last resort, not a regular funding source, and borrowers must have a clear repayment plan.
Canton, OH's Advance America at 2130 Columbus Rd NE offers payday and title-loan profile details for residents in Northeast Ohio.
Profile signals: Consumers facing a genuine short-term cash emergency ($100–$2,000) who need funding within 24 hours, Individuals with poor or thin credit who may not meet traditional bank-loan criteria or credit union alternatives
Advance America offers installment loans from $200–$1,000 in Columbus, OH via online or in-store applications, with multi-payment repayment terms as an alternative to payday loans.
Profile signals: Columbus-area borrowers needing $200–$1,000 for urgent car repairs or medical expenses, Applicants who prefer in-person interaction and want listed funding timing
Short Term Loans Euclid D & Associates offers payday loans and short-term cash advances up to $2,500 with fast online application and provider-stated funding timing in Euclid, Ohio.
Profile signals: Borrowers with short-term cash access emergencies needing $500-$1,000 quickly, Those unable to qualify for traditional bank loans due to credit issues
Answer 3 quick questions to review category, service, and profile context.
1. What's your primary financial goal?
A plain-English breakdown of every credit score range — what each number actually means for your loans, cards, and daily life, plus exactly what to do about yours.
Read guide →A plain-English breakdown of what credit products, loans, and cards you can realistically get at every credit score level — from deep subprime to excellent.
Read guide →Learn exactly how to check your credit score for free using legitimate sources, understand the difference between soft and hard inquiries, and know your rights under federal law.
Read guide →New to credit and lending? Here are the key terms used on this page, explained in plain language with real-number examples.
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.
Lenders are required to 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 lower-cost 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.
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.
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.
A special APR calculation used for military servicemembers that includes ALL costs — fees, insurance, and add-ons — capped at 36% by federal law.
The Military Lending Act protects active-duty servicemembers and their families from high-cost 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.
The maximum interest rate a lender can legally charge in a particular state. Charging above this rate is called 'usury' and is illegal.
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.
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.
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.
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.
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.
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.'
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.
The practice of charging interest rates higher than what the law allows. Usury laws set state-specific caps on how much lenders can charge.
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 may only be required to repay the principal — no interest or fees.
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.
Cash advances are a repeat-borrowing risk: 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.
Affiliate Disclosure: CreditDoc may earn a commission when you click links to Second Chance Loans and other services. These commissions help us maintain our free research. Compensation does not determine whether a provider can be covered; visible star ratings use stored Google review ratings when available. Learn more.