Cash Central payday loans

Cash Central Payday & Installment Loans: In-Depth Review

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Getting cash fast isn’t always easy, especially if your credit isn’t stellar. Cash Central is an online lender that offers both payday and installment loans to those who need money now.

In this review, you’ll learn about the lender’s terms and features so you can decide whether they’re right for you.

Who Are Cash Central Loans Designed For?

If you need your money within the next 24 hours, Cash Central can get it for you. Because the lender has low credit and income requirements, most people can manage to get a loan.

These loans aren’t good if you don’t have a stable income, though. “Get a short-term loan only if you know you can pay it back,” says James Larsen, a banker and former payday loan officer.

“Getting one when you need it is understandable, but you can dig yourself a hole pretty quick if you let it spiral out of control.”

About Cash Central

Cash Central is an online lender that offers a fast application and quick funding process. The lender is a member of the Community Financial Services Association of America, an organization designed to promote laws that protect consumers from predatory lending practices.

While customer reviews for Cash Central are few, they’re not good. As of September 2017, 11 of 12 SuperMoney users who have reviewed the lender give it just 1 out of 5 stars.

The Cash Central corporate office is in Logan, Utah.

Cash Central Loans Review

Cash Central offers a few different short-term cash solutions, including:

  • Payday loans between $100 and $2,000
  • Installment loans between $300 and $5,000
  • Lines of credit (available in Kansas only)

You can apply for each of these loans online, making it easy to get your funds quickly.

What Are Cash Central’s Interest Rates and Fees?

As with other payday lenders, rates and fees for Cash Central differ depending on the state where you live. The good news is that the lender shows you the state-specific information on its website.

For example, in Utah, Cash Central charges an origination fee between $15 and $75 on its installment loans, depending on the size of the loan. You then have up to 24 months to pay back the loan.

For its payday loans, your finance charge and interest rate will depend on how long the loan term is and how much you borrow. In Utah, for example, your finance charge can range from $27 to $540.

While Cash Central’s installment loans are considerably cheaper than its payday loans, you’re still better off getting an unsecured personal loan if you can qualify for one.

Get the most up-to-date interest rates on Cash Central loans on SuperMoney’s review page of the lender.

What Are Cash Central’s Eligibility Requirements?

Cash Central doesn’t have any scruples about lending to someone with bad credit. The typical credit score range for the lender is 300-650. It does, however, require that you have an annual income of at least $7,200 to get approved.

Cash Central isn’t in every state. Check SuperMoney’s Cash Central profile for the latest information on available states.

How to Apply for a Cash Central Loan

Cash Central loan application process is simple. To get a loan through Cash Central, you typically need the following:

  • A source of income
  • A valid checking account
  • Two current, valid telephone numbers
  • A Social Security Number
  • To be over 18

If you’re interested in getting a loan with Cash Central, here’s a step-by-step overview of how the application process works.

  1. Fill out your personal information. This includes your name, address, date of birth, Social Security Number, phone number, email address, and mother’s maiden name.

    Personal Information

  2. Enter your income and employment information, along with three personal references.


  3. Enter your checking account information for funds transfer, create a login password, agree to Cash Central’s terms and conditions, and sign it electronically.

    Checking Accounts

Once you submit your application, Cash Central will give you a quick response. If you’ve been approved, you’ll be able to get your cash within one business day. If you have any questions before applying or during the process, you can reach out to the Cash Central customer service team directly at 1-800-460-4305. Alternatively, the lender has a live-chat function on its website. To login to Cash Central, you will need to use the username and password created from the step above to access.

FAQ on Cash Central Loans

Who is Cash Central?

Cash Central is an online lending company. Founded in 2005, they operate in at least 23 states and have several retail storefronts that are operated by an affiliate entity of Cash Central. Payday loans are available in at least 20 states.

What do you need to qualify for Cash Central Payday Loans?

Applicants with a credit score of at least 300 and up to 650 are eligible for Cash Central Payday Loans. To qualify for payday loans with Cash Central Payday Loans, applicants need a minimum annual income. Cash Central Payday Loans will consider borrowers regardless of their employment status if they can prove their ability to repay their obligations.

Does Cash Central Payday Loans run credit checks?

No, Cash Central Payday Loans will not run your credit with the three national credit reporting agencies (Equifax, Experian, and TransUnion). However, they may look at other databases to check your payment history.

What is the estimated funding time for a Cash Central Payday Loans?

Cash Central Payday Loans will typically provide a credit approval decision in less than an hour and fund the loan within 3 business days.

Should You Get a Cash Central Loan?

Regardless of which lender you work with, short-term loans are going to be expensive. “Make sure you know what you’re getting yourself into,” says Larsen, “and check with regular personal loan companies and even family or friends before opting for a payday or short-term installment loan. This should be your last resort.” Check out what the best personal loans are to ensure that you choose the best option for you.

If you’ve already considered all your non-payday loan options, Cash Central is just one of many short-term lenders.

Shop around to see what other payday lenders charge regarding rates and fees. This is especially important if Cash Central doesn’t do business in your state. Even if you’re in a hurry to get cash, a little time spent doing research can make a big difference.