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Cash Central Review

Cash Central is a US-based web lending company that specializes in offering fast lending solutions to borrowers. This company is owned by Community Choice Financial. Cash Central serves consumers in 23 states and has already helped thousands of applicants to solve their temporary cash needs.

Currently, this service isn’t available in every state. The aim of this online platform is to offer each client access to transparent and reliable financial products tailored to their needs. 24/7 payday loans and installment loans are among the top products offered to borrowers here.

APR can range depending on sum,
your credit score and lender

Loan Amount$1,000$2,000$5,000
Interest Rate24%19%13%
Loan Term12 Months24 Months48 Months

Cash Central reviews are mainly positive which helps to increase the reputation of this service. Although some clients claim that the interest rates and charges are very expensive.

They have designed borrowing solutions that let clients begin their credit journey with less effort no matter what their financial past has been. The installment and payday loans issued by Cash Central are meant to provide our citizens with access to extra funding or the best ways to improve their credit.

How to Obtain Cash Central Loans

If you experience a monetary emergency you may urgently require supplemental money. The needs may be different. You may opt for an installment loan or a payday loan.

Some people opt for a Cash Central payday loan because they can’t make the ends meet for a couple of weeks. Other consumers need to cover urgent bills or medical costs.

These borrowing solutions are designed to help people fund immediate costs for some time, they are issued for 4 to 35 days until the client receives the next paycheck.

Our review is meant to offer a reliable and unbiased description of the services and products offered by this company. This review is designed to help you make a wise decision. If you want to try out this lending service, you should provide the following information:

  • Your ID and Social Security Number
  • Current address and contact phone number
  • Have steady employment
  • Monthly income verification
  • Valid checking account

Comparison of Lending Products at Cash Central USA

There are three lending products offered by Cash Central Company. Let’s have a closer look at the amount you may withdraw, the total cost of borrowing as well as the repayment terms.

  • Payday Loans. The company offers clients a chance to obtain between $100 and $2,000 for immediate needs in the form of payday loans. The average amount borrowers may qualify for is $500 in many states. The fee costs between $15 and $27 while in some states can be as high as $30. The repayment term is generally between 4 and 35 days. The APR is rather high and can be from 200% to over 2.460%. So, consumers should take into account these terms and rates before they decide to take out this lending offer.
  • Installment Loans. Clients may request an installment loan in eight states. This loan is more affordable than a payday lending solution as it can be repaid within 6 to 24 months by making monthly or biweekly payments. The loan range is from $300 to $5,000. The pay schedule depends on the amount you take out as well as your creditworthiness. The APR is between 180% and 360%, also applicants need to pay an origination fee of $15 to $75.
  • Lines of Credit. Consumers from Kansas have an opportunity to apply for a line of credit from this company. Unlike Cash Central payday loans, the line of credit is a bit cheaper. It offers from $750 to $5,000 to the borrowers with interest rates from 150% to 264% APR.

Why You Should Select Cash Central

We have conducted the research and found out that this company has been working for many years. It has gained the reputation of a legitimate and trustworthy crediting institution that now has a suitable website available to consumers in some states.

This company is rather popular among Americans although it serves clients only in 23 states now. It offers customized lending services and 3 lending products including payday loans, installment loans, and lines of credit. These lending products are unsecured.

The client doesn’t need to back the loan up with collateral or provide any guarantee.

This makes Cash Central a rather attractive solution tailored to the needs of borrowers. However, the APRs and the interest rates are really expensive so you should only consider this option as an alternative to traditional lending.

If you have ever applied to conventional banking institutions, you know how much effort and hassle it takes just to submit your loan request there.

Cash Central allows consumers to enjoy the benefits of an online application that is quick and safe. You don’t need to gather papers or submit documents. Every borrower is welcome here no matter what his or her credit rating is.

The company is a direct lender and is ready to issue the funds to the checking account within one or two business days. You will be able to return the debt within 4 or 35 days.

Benefits of Selecting Cash Central

  • Fast Application. The loan request process is fast and hassle-free. Basic employment and banking details will be enough to get connected with lenders.
  • Accept All Credit. All consumers are accepted here. Poor credit holders may also submit their applications but they need to be ready for expensive rates.
  • Quick Money Deposit. The funds will be transferred to the client’s active checking account once the application is approved.

In conclusion, this Cash Central review can help consumers make a smart decision. This is a certified and reliable lending company that has proven to be trustworthy and safe.

You may obtain a payday loan, an installment loan, or a line of credit here and get funded for your urgent needs although the interest rates are higher compared to the local banks. This may be a suitable alternative for low-credit holders who need supplemental cash without delay.