BBB Business Review

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This business is not BBB accredited.

Cash In A Wink

Phone: (302) 636-7581 Fax: (800) 444-0112 View Additional Phone Numbers 3422 Old Capitol Trail, Suite 1109, Wilmington, DE 19808 http://www.cashinawink.com


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BBB Accreditation

This business is not BBB accredited.

Businesses are under no obligation to seek BBB accreditation, and some businesses are not accredited because they have not sought BBB accreditation.

To be accredited by BBB, a business must apply for accreditation and BBB must determine that the business meets BBB accreditation standards, which include a commitment to make a good faith effort to resolve any consumer complaints. BBB Accredited Businesses must pay a fee for accreditation review/monitoring and for support of BBB services to the public.


Reason for Rating

BBB rating is based on 13 factors. Get the details about the factors considered.

Factors that lowered the rating for Cash In A Wink include:

  • 59 complaint(s) filed against business
  • Failure to respond to 15 complaint(s) filed against business
  • 14 complaint(s) filed against business that were not resolved

Factors that raised the rating for Cash In A Wink include:

  • Length of time business has been operating


Customer Complaints Summary Read complaint details

59 complaints closed with BBB in last 3 years | 1 closed in last 12 months
Complaint Type Total Closed Complaints
Advertising/Sales Issues 3
Billing/Collection Issues 48
Delivery Issues 0
Guarantee/Warranty Issues 0
Problems with Product/Service 8
Total Closed Complaints 59

Customer Reviews Summary Read customer reviews

0 Customer Reviews on Cash In A Wink
Customer Experience Total Customer Reviews
Positive Experience 0
Neutral Experience 0
Negative Experience 0
Total Customer Reviews 0

Additional Information

BBB file opened: June 16, 1993 Business started: 07/26/2005 in DE Business incorporated 07/26/2005 in DE
Licensing, Bonding or Registration

This business is in an industry that may require professional licensing, bonding or registration. BBB encourages you to check with the appropriate agency to be certain any requirements are currently being met.

These agencies may include:

Delaware Banking Commission
555 E. Loockerman Street, Suite 210, Dover DE 19901
http://banking.delaware.gov/default.shtml
Phone Number: 302-739-4235
Fax Number: (302) 739-2356
Dawn.Hollinger@state.de.us

Licenses, Division of Revenue
820 N. French Street, Wilmington DE 19801
http://www.state.de.us/revenue
Phone Number: 302-577-8778
Fax Number: 302-577-8203

Type of Entity

Corporation

Business Management
Mr. Paul Silverman
Contact Information
Principal: Mr. Paul Silverman
Business Category

PAYDAY LOANS

Alternate Business Names
A-1 Premium Budget
Industry Tips

Those "cash until payday" services sound helpful, but they could push you farther into debt.

With payday loans, a consumer gives a credit or debit card or writes a check payable to the lender for the amount he or she wishes to borrow plus a fee. The lender gives the borrower that amount minus the fee. The lender then waits until the borrower's next payday, when the borrower can do one of three things: allow the lender to cash the check or charge the account, redeem it by paying cash to recover the loan plus a fee, or roll it over by paying the fee to extend the loans for two or more weeks. Fees charged for payday loans are usually a percentage of the face value or a fee charged per amount borrowed (lenders may charge anywhere from $15 - $50 dollars for every $100 borrowed). By rolling the loan over you may be obligated to pay a finance charge (a dollar amount) and the annual percentage rate or APR (the cost of credit on a yearly basis). Typically, the APR is extremely high (in Delaware we have seen APRs as high as 300%) and can be increased with a missed, late or partial payment.

If you decide you must use a payday loan, borrow only as much as you can afford to pay with your next paycheck and still have enough funds to make it to the next payday.

Under the Truth in Lending Act, the cost of the payday loans - like other types of credit - must be disclosed. Among other information, a consumer must receive, in writing, the finance charge and the annual percentage rate or APR.

The BBB, along with the FTC, advises consumers to consider other possibilities before deciding on a payday loan:

If you need credit, shop carefully. Consider a small loan from your credit union or a small loan company, an advance on pay from your employer, or a loan from family or friends.

Ask your creditors for more time to pay your bills. Find out what they will charge for that service - as a late charge, an additional finance charge, or a higher interest rate.

Make a realistic budget, and figure your monthly and daily expenditures. Build some savings - even small deposits can help - to avoid borrowing for emergencies, unexpected expenses or other items.

If you need help working out a debt repayment plan with creditors or developing a budget, contact your local consumer credit counseling service. There are non-profit groups that offer credit guidance to consumers for little or no cost.

Industry Tips
Advance Fee Loans Loans - Advance Fee Payday Loans
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BBB Customer Review Rating plus BBB Rating Overview


BBB Customer Reviews Rating represents the customers opinions of the business. The Customer Review Rating is based on the number of positive, neutral and negative customer reviews posted that are calculated to produce a score.

Customer Review Experience Value
Positive Review 5 points per review
Neutral Review 3 points per review
Negative Review 1 point per review

BBB letter grades represent the BBB's opinion of the business. The BBB grade is based on BBB file information about the business. In some cases, a business' grade may be lowered if the BBB does not have sufficient information about the business despite BBB requests for that information from the business.
Details

BBB Letter Grade Scale

BBB Rating Value
A+ 5
A 4.66
A- 4.33
B+ 4
B 3.66
B- 3.33
C+ 3
C 2.66
C- 2.33
D+ 2
D 1.66
D- 1.33
F 1
NR -----
Star Rating scale

  Average Score
5 stars 5.00
4.5 stars 4.50-4.99
4 stars 4.00-4.49
3.5 stars 3.50-3.99
3 stars 3.00-3.49
2.5 stars 2.50-2.99
2 stars 2.00-2.49
1.5 stars 1.50-1.99
1 star 0-1.49

BBB Customer Review Rating plus BBB Rating is not a guarantee of a business' reliability or performance, and BBB recommends that consumers consider a business' BBB Rating and Customer Review Rating in addition to all other available information about the business. If the BBB Rating is NR then only Customer Reviews are used for the Star Rating.