Cash Central payday loans

Get a payday loan from Cash Central, and look forward to accessing approved funds quickly

Cash Central is a sate licensed online lender and a member of the Community Financial Services Association of America (CFSA) and the Consumer Financial Protection Bureau (CFPB).

This direct lender provides different types of loan offerings, including payday loans, installment loans and lines of credit. Applying for a Cash Central loan requires that you follow a simple online process, and you can expect access to approved funds quickly.

Product NameCash Central Payday Loan
Min Loan Amount$100
Max. Loan Amount$5,000
Loan TermVaries by state
Loan SecurityUnsecured
Turnaround Time1–2 business days
CostsDepends on your credit history and the state you live in.

Pros

  • Quick, easy process.
  • Use money for any purpose.
  • Easier repeat borrowing.

Cons

  • Maximum loan amount varies by state.
  • Loan may not available in all states.
  • You may pay late fees.

Types of loans from Cash Central

Payday loan. Take out a cash advance and have the funds deposited into your bank account, usually the next business day. Typically, your payday loan is due in full on your next payday. The finance charge (APR) for a payday loan can be as high as 600% or more, so carefully review the terms and conditions before agreeing to any loan. Loan amounts are determined by Cash Central’s underwriting criteria in combination with your state’s laws.

Installment loan. Unlike payday loans, Cash Central’s installment loan does not have to be repaid in full on your next payday. Installment loans are repaid monthly, semi-monthly or biweekly, and can be repaid over a period of six to 24 months. Installment loans generally have a lower APR than payday loans, but are still significantly higher than traditional loans. Loan amounts can be up to $5,000 depending on your state’s laws and regulations.

Line of credit. With a line of credit, Cash Central makes funds available to you for up to a certain amount. A line of credit allows you to draw only the amount you need at the time (any time) up to your available credit limit, with funds deposited into your checking account the next business banking day. You’ll only pay for your Cash Central line of credit when you use it. Funds will begin accruing interest on the day you receive them. As with the other short-term loans, a line of credit is accompanied by a high APR. For example, if your line of credit is $500 with an annual interest rate of 240% and you will be paying off your loan in six months, you would be required to make six payments of $150.36, for a total of $902.16.

What are the benefits of a Cash Central payday loan?

  • Quick and easy process. Completing and submitting the application takes no more than a few minutes, and Cash Central informs you of the application’s status almost immediately. Upon approval you can expect the approved funds to be transferred into your bank account by the next business day.
  • Use money for any purpose. You can use the proceeds from this loan for just about any purpose, like rent, utility bill, grocery expenses, medical bills, or any unexpected expense.
  • Easier repeat borrowing. Once you repay your first Cash Central payday loan completely, you can look forward to instant funding with applications you submit in the future.
  • Easy access to account information. You can use the Cash Central website to login and view information regarding your loan. You can use this platform to go through your account history, make changes to communication preferences, make payments, and even refinance your existing loan.
  • Resource center. The Cash Central resource center offers information about a range of topics that can help you handle your finances better.
What is a payday loan?
A payday loan, also known as a cash advance loan, is a short-term personal loan (typically $500 or less) that usually must be repaid within two weeks to a month. The repayment date is determined by your pay schedule. Because payday loans come with steep finance charges, it is not a long-term solution, but a temporary fix to an unexpected financial situation. Rules and regulations for payday loans vary from state to state, and are even not permitted in some states.

The costs of a payday loan from Cash Central

The fees you have to pay depend on state specific laws as well as the amount of money you borrow. As an example, a payday loan of $500 repaid in 14 days with a 739.96% APR would incur a $141.91 fee, making your loan repayment amount $641.91. Again, the specifics of your loan would be determined in part by your state’s laws. Upon your application’s approval, Cash Central gives you a loan offer document for you to review and sign. This document gives you a clear picture of all associated fees and charges. You don’t have to accept the loan if you don’t find the fees acceptable, and until you sign the document you don’t have any obligations.

Is borrowing from Cash Central safe?

Cash Central has all required state licenses, which can be viewed on their website. Cash Central is a member of the Community Financial Services Association of America (CFSA), and the Consumer Financial Protection Bureau (CFPB) regulates all loans that Cash Central provides. Cash Central, on their part, endorses accountability, loan transparency, and fair loan transactions. Find out your credit score here

How do Cash Central payday loans compare?

Rates last updated July 24th, 2017
Name Product Term of Loan Turnaround Time Costs
LendUp Payday Loans
LendUp offers $250 loans for first-time borrowers. Good credit is not required. Visit the site to see if available in your state.
$250
7–30 days
Generally receive the money the next business day
Depends on your state, loan product, loan amount and the term of the loan.
Check into Cash Payday Loan
With 1,000 branches in 30 states, get $50 to $1,000 in days from this direct lender.
$1,000
Varies by state
1–2 business days
Varies depending on the amount and your state of residency.
CashNetUSA Loan
Apply for short term loans, installment loans or lines of credit in 30 states typically with a day’s turnaround.
$2,250
Varies by state
1 business day
Varies by state of residency.
ACE Cash Express Payday Loans
Quick short term, installment and title loans come with no prepayment penalty and a 72-hour satisfaction guarantee.
Varies by state
Varies by state
Generally receive the money the next business day
Varies depending upon the state where you reside.
Check City Payday Loan
Apply for a fast, secure and confidential payday loan — even with less-than-perfect credit.
Depends on state of residency
Varies by state
Next day
Depends on state of residency.

Compare up to 4 providers

How do I apply for a Cash Central payday loan?

Applying for a Cash Central payday loan is easy and takes around five to 10 minutes. Ensure that you meet the following eligibility requirements before submitting your application: Eligibility criteria:

  • You are at least 18 years old
  • You have a verifiable source of income
  • You have an operational checking account
  • You can provide two valid phone numbers
  • You have a Social Security number

You will be asked to provide the following information:

  • Your name, email address, home address, phone numbers, Social Security number, and date of birth
  • Employment-related information, like your employer’s name and phone number
  • Details about your income
  • Details about your bank account

Frequently asked questions

Cash Central’s headquarters is in North Logan, Utah.
Cash Central electronically withdraws the loan repayment amount along with applicable fees from your bank account on the due date.
You can opt for an Extended Payment Plan (EPP) depending on the state you reside in, and this does not require you to pay any additional fees. You can also refinance your loan, in which case you will have to pay additional fees.
Yes you can, and you can make payments online using your bank account details.
Yes you can, but you should be able to demonstrate an ability to repay.

Are payday loans available in my state?

If you’re worried about your credit score and want to take steps to repair it, you could call The Credit Pros: Legal Credit Repair on 877-208-6484.
Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, read the PDS or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Conditions and our Privacy Policy.
feedback