Cash Central Feature:
– Maximum Loan Amount and APR are Vary By State
– State Licensed Lender in 19 States
– Residents of Arizona, Arkansas, Colorado, Georgia, Maryland, Massachusetts, New York, Pennsylvania, or West Virginia are not eligible to apply.
A Cash Central Review: Worth The Risk?
Many people have a need a cash advance or quick loan to get them through until the next pay day. There can be an emergency such as a vehicle breakdown, a flood in the basement or even a child needing money for a school event. In this case, you may look into a payday loan to see if you can get the funds you need quickly. You can read our Cash Central Review on this page to see how these payday loan companies work and make sure you can take the risk of the loan.
Most payday loan services have many features in common. For instance, it is okay to have bad or no credit for most companies. However, you may need to have a verifiable source of income. Many may also require an active checking account since business is conducted through the Internet. If you need proof of income, you may have to fax information so that it is received quickly.
You may also find out fairly quickly if you qualified for the loan, since many of these companies provide instant approval. While many loan companies allow you to borrow up to $1500, Cash Central usually allows you to borrow $1000 depending upon which state you reside in. Cash Central also has the employment requirement of most services. In this case, you must be employed for at least three months in order to qualify for a loan.
However, there are a few ways in which Cash Central differs from other services. For instance, some services will operate in all 50 states, but this company only services 23 states. This company also does not require you to fax any information, so you can complete your application with an Internet interface. You also need to have a valid phone number for both work and home. Furthermore, you also have to be at least 18 years old and a US citizen.
Cash Central also has various levels of membership. New members can find out how the process works before applying while regular members can log in to request a new loan, refinance an old one or make a payment. Premium members have the same options except they receive faster service, instant savings and options for larger loan amounts if they need among a few other perks. While premium members have some exclusive content, all members have access to the company’s Cashwise blog.
When you are looking at a Cash Central Review, it is very important that you consider how safe the site is. You will notice that the site has an https address. This means the company uses an SSL security encryption method. Furthermore, it is a Thwate encrypted site. The information you send is encrypted and only decrypted by an authorized source. Your personal information should be safe, so you do not need to worry about others seeing your account numbers, social security numbers or other sensitive information.
Ease of use
Of course, it is also very important that your loan service be easy to use. Like other services, you only need a few pieces of information to complete your application. After your basic information, you will also need to provide personal references and your checking account numbers. You will then provide your online signature and choose a date to pay back the loan. After signing the final approval, you should have your cash within 24 hours.
Fee & Interest
Fees and interests for these types of loans tend to be quite high considering the risk. As with other companies, the amount depends upon the length of the loan and the amount. For example, if you go with a standard 14-day loan period, you will pay a little more than $17 per $100. However, you will also need to check with the service to find out how much late fees are for each state.
Customer service will also be crucial to deciding if this service is right for you. Cash Central has a number of ways in which you can contact a representative in case you have questions about the service or your specific loan. You can reach someone via phone, fax and email. You can also chat with a representative live and you can write to the service as well. However, Texas and Maryland have their own phone numbers aside from the general service number.
Overall, a Cash Central Review shows that this service is one of the better options available. However, it is only available in 23 states, but the company does abide by the rules and regulations of each state it services. The site is secure and easy to use. You also find out whether or not you are approved rather quickly. The fees and interest with this company are also rather competitive within the industry.