Cash Central is an online payday loan lender that offers loan options in 23 states. As an online direct lender, Cash Central allows you to apply online and get your funds by the next day. If you need money faster, a storefront lender like Check ‘n Go or Advance America is a better option. In addition to offering payday loans, you can also apply for installment loans and lines of credit. Rates, fees and terms vary from state-to-state, but Cash Central posts that information for each state on its website.
To apply for a payday loan online you’ll need to meet Cash Central’s basic requirements. You need to be over 18, and have a valid checking account and a source of income. You’ll need to submit your Social Security Number and two valid phone numbers. Some states may require you to verify your income.
Once you’ve applied for your cash advance you should receive approval quickly, usually within a few minutes. Certain states may require additional information that can result in a longer approval process. Once you’re approved you’ll receive your funds the next business day, which means if you apply on a weekend, you’ll get the money the following Monday.
A payday loan is usually for a period of 14 days, after which your checking account will be debited for the amount of the loan plus the relevant finance charges. Having good overdraft protection on your account can help if you don’t have enough money in your account when it comes due. Cash Central does allow you to refinance a loan and enter a payment plan by repaying the finance charge. This can result in you paying more over the life of the loan, but can be helpful if you aren’t able to pay off the entire loan when it comes due.
Cash Central offers a Credit Plus program that allows you to get access to tool to help build your credit and improve your financial situation. Depending on the state you live in, you may be able to get access to more flexible loans or lower rates as a member of Credit Plus.
Payday loans are risky and can be very expensive in the long run. We recommend exhausting other options before getting a payday loan. Payday loan alternatives tend to be more flexible and have lower rates and longer terms.
Cash Central offers payday loans as well as installment loans and lines of credit. It is an online only, direct lender with a quick application process. You should receive approval the same day you apply and will get your funds deposited the next day.