|Basic requirement to get the loan|
AL, CA, DC, DE, ID, MH, MO, NM, RI, SC, SD, UT, WI
|APR up to||739%|
|Time to money||Next business day|
|Funding Method||Bank account|
Cash Central Loans – Reprieve in Emergencies
Planning for emergencies when you’re stuck in a financial rut is a futile task because it’s impossible to set aside cash for contingencies? Luckily, when disaster strikes, you can hop onto the Internet and find a loan company with the exact loan amount you need to get through. In this Cash Central Review, get set for a deeper dive into this lender’s activities, including the types of loans offered, reasons to choose them, etc.
Cash Central Loan Review
The company provides in-store and online loans designed to cater to subprime or high-risk consumers. The company is part of the Community Choice Financial group of companies. You’ll find them in over 20 states where they run over 500 locations.
In some states, they partner with other Community Choice Financial companies to provide loans, for instance in Alabama, where the Cash Central installment loan will be provided by Easymoney.
Which Products Does Cash Central Loans Have?
- Installment Loans
Access an amount ranging from $300 to $5,000. As with most lenders, the company’s products differ from one state to another. For instance, if you are an Alabama resident, you can only borrow $2,000 to $5,000. In Idaho, the amount ranges from $1,010 to $5,000.
How Much is the Installment Loan Going to cost?
You just have to look at the APR. It comprises of the stated interest and all other fees. The company’s standard APR is 180%. Your rate might be higher or lower than this depending on your credit situation.
The company also charges origination fees between $25 to $75. Mostly, this fee is factored into your APR, and you don’t have to pay it upfront.
How Long Does It Take to Pay Off a Cash Central Loan?
You have a choice of paying off your loan in six, twelve, eighteen or twenty-four months. However, you can pay off your loan early and save on interest.
- Cash Central Payday Loan
The company also provides loans that are repaid in full on your next payday. These payday loans are available in select states. To see if your state is covered, visit the lender’s “Terms and Rates” page. You’ll find an interactive map. Active states are highlighted. Click them to see all the available loan options.
For instance, in Alabama, you can borrow a 10 to 30-day cash loan of up to $500. In Idaho, the max loan amount for a payday loan is $800 with a term of 4 to 35 days. The company also offers payday loans in Tennessee where you can borrow up to $500.
- Lines of Credit & Auto Title Loans
Currently, only Kansas residents can access lines of credit from this lender.
Auto title loans require the borrower to secure the loan with their car title. Depending on the value of your vehicle, the company will lend you $100 to $25,000. It’s not possible to apply for auto title loans online. That’s because the documents have to be submitted in person, and the car inspected.
Where and When Will I Receive My Cash Central Loan?
You will receive cash in your checking account. It only takes less than 24 hours for the transaction to go through on business days. The lender states that if you apply and get approved before 7:45 PM Eastern Time from Monday to Thursday, you’ll receive the cash by the next business day. Applications submitted on Friday through Sunday, before 7:45 PM, are funded on Monday.
Cash Central Loan Review of Benefits
- The service is convenient and confidential. You can submit your application at all hours of the day and at the privacy of your home or office.
- Get help even when your other credit accounts are maxed.
- Enjoy a simple application process with a short loan form to fill and few documents to submit.
- There is no hard credit check involved when you’re pre-qualified and pre-approved. Therefore, your credit scores remain intact.
Is Cash Central Legit?
Cash Central has licenses to operate in each state where they provide and service loans. On their website under the “Regulatory Agencies” page, you can find links to state regulatory bodies where you can report the company if you can’t resolve complaints directly with them.
Has there been a Cash Central lawsuit? In the spirit of transparency, there is no current lawsuit, but the company faced a civil action in 2011.
Cash Central Customer Service
As long as you have a valid checking account, active phone number & email, source of income, and you’re at least 18 years old – you can apply for a loan. Their contact number is 1-800-460-4305.