We offer online loans only in the states of California, Florida, Hawaii, Kansas and Louisiana at this time. Residents of other states should use our Store Locator to find the closest retail location where they can apply for a retail loan.
Loans should never be hard to understand.
Money Mart® is straightforward and honest. We speak in plain language everyone can understand. But sometimes even we have to use financial terms. Just stop and ask us for an explanation, or, if you want to go deeper, read these simple definitions.
AccountA product at a financial institution for depositing, withdrawing, and/or borrowing money.
Account statementA record of transactions for an account at a financial institution, usually provided each month by mail, or viewable online any time.
Annual feeA yearly charge or membership fee from a credit card company for using their card; payable whether the card is actually used or not.
AssetAny possession or property that has value in an exchange.
BudgetA summary of what is spent and what is earned per week, month or any other period of time.
Cash AdvanceA small, unsecured, short-term loan that is usually repaid on the borrower’s next payday. Also referred to as a payday loan.
Cash flowThe amount of money coming into a household (in the form of wages, investment earnings, etc.) minus the amount going out (via debts and expenses). A positive cash flow is when more money comes in than goes out.
CreditAn agreement in which a borrower gets money now and agrees to repay the lender in the future.
Credit scoreA measure of credit risk calculated from a credit report. Late payments, absence of credit references, and unfavorable credit card use are factors that can lower credit scores. The higher the score, the more likely credit applications will be approved.
Debit cardA plastic payment card that's linked to a checking, savings or pre-paid cash account where transactions are immediately deducted.
DebtAn amount owed to a person or organization for money that has been borrowed.
Debt-to-income ratioA comparison of how much money someone owes compared to his or her total income, and used to figure out whether someone can afford to borrow money. In general, low debt-to-income ratios makes borrowing easier and at better rates.
Direct depositAn electronic transfer of funds into a bank account as opposed to depositing in person at the bank, or by check.
Fixed expensesCash obligations that remain the same every month. Examples include rent or mortgage, car insurance or auto payments, student loans, etc.
Financial literacyThe ability to read and understand financial concepts, along with the ability to make smart choices.
Financial planA written outline of financial goals and the steps needed to reach them. Examples include retirement accounts, funding for children’s education or saving cash for emergencies.
Gross incomeTotal income before taxes and deductions.
IncomeMoney you earn from work, business, investments, etc.
InterestMoney paid by a borrower to a lender for the use of their money.
Late charge/late feeCharges or fees from a lender when their borrower doesn’t repay on time.
LoanAn arrangement where money is borrowed, and the borrower agrees to pay back the money at a specific time, usually with interest.
Net incomeIncome after taxes and deductions have been taken off.
Non-sufficient fund feesReturned or "bounced" check fees (also called non-sufficient funds/NSF fees) are charged to an account holder when the bank returns a check unpaid because not enough money was in the account.
Payday loanA small, unsecured, short-term cash advance that is usually repaid on the borrower’s next payday. Also called a cash advance.
Personal loanAn unsecured loan that is repaid in monthly installments.
Pre-paid debit cardA card where cash is deposited onto the card in advance and the balance declines when purchases or withdrawals are made.
Variable expensesCash obligations that vary from month to month. Examples include: dining out, entertainment, gas, shopping and travel.
LEGAL DISCLAIMER: Information provided on the Financial Education section of this website is believed to beaccurate and reliable when placed on this site. Money Mart Financial Services cannot guarantee it is accurate,complete or current at all times. Information on this site is for informational purposes only andis not intended to provide financial, legal, accounting or tax advice and should not be reliedupon in that regard. You should seek guidance from a certified financial advisor or creditcounselor for specific advice that is applicable to your individual situation.