CashCentral is a licensed online lender based in North Logan, Utah that provides both payday loans and installment loans to borrowers with poor to bad credit. This review focuses on its payday loans but also highlights the main terms of its installment loans.

How Does It Work?

Customers must fill in an online form to determine eligibility. Application decisions are made within a few minutes. CashCentral is not a merit based lender. This means it pools the risk of customers when determining rates. This could mean you pay a rate that is higher than what your credit rating merits.

What Are The Rates and Fees?

Rates vary from 156.89% APR to 397.4% APR.

How Much Money Can I Borrow?

CashCentral offers installment loans of up to $5,000. 

What Is the Application Process Like?

CashCentral's application process is fast and simple to complete. You need proof of source of income, a checking account in your name, two valid telephone numbers, your social security number, and to be at least 18 years old. The entire process, including cash transfer, can be processed within 24 hours or the next business day when requested during the weekend.

How Is It Better Than Other Lenders?

CashCentral has a simple to use and fast loan application process that allows you to receive cash within 24 hours of applying. The rates are comparable to other payday lenders and they offer installment loans in certain states, which have lower rates than payday loans.

  • Institution Type
    Direct Lender
  • Credit Score Range
    400 - 600
  • Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Other
    • Retired
    • Self-Employed
    • Unemployed
  • Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
  • Joint Loan Applications Accepted
    Only Individual Applications
  • Military Status
    • Non-Military
    • Veterans
  • Funding Time Range (in days)
    1 - 3
  • Loan Amount
    $2500 - $5000
  • Loan Term (Months)
    6 - 24
  • APR
    156.89% - 397.4%
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