Informed choices. Another Cash Central ®
Advantage. When making your choice on a payday
loan, there's no need to wonder-- Cash Central ® has your
answers.
What is a payday loan? A payday loan
is a short-term personal loan that is repaid with a pre-authorized
electronic withdrawal from your checking account on your next payday.
How does Cash Central ® compare to other lenders?
Cash Central ® is a state authorized lender/facilitator. That
means it's legal for us to loan in your state. We're not skirting
laws and hiding in the shadows asking you to trust us. We lend legally
and ethically with fully disclosed rates and the 24 hour customer
service to back it all up. In fact, people from all walks of life
call and email us every day thanking us for competitive rates, great
service and the cash they needed to move on in their life.
What do other lenders charge? Payday loan
rates vary widely from lender to lender. Some may advertise
low rates, but add on hidden fees and undisclosed roll-over costs
and most who say they're "low" are actually "high".
Always read the fine print and, if necessary, call. Cash Central's
rates vary by the state you're borrowing in. We strive to ensure
our loan terms are among the most competitive in the industry, with
rates, in many states, backed by law and not an arbitrary number.
What's the benefit of Cash Central ® Membership?
Membership with Cash Central ® is more than a password and user
name -- it's access to exclusive features like our fact filled and
informative newsletter, money saving tips, real-time status on your
loan, payment reminders and a completely intuitive member interface
that allows you to make the Cash Central ® experience your own.
Couple these exclusive features with rigid security features, the
peace of mind that with a few clicks you're covered in a cash crunch
and you'll see why Cash Central ® is heads and shoulders above
all other online lenders. But don't take our word for it, our customers
can speak for themselves.
What if I have poor credit? No problem. We often
loan to people who have had past credit problems. The best way to
find out if you are eligible for a Cash Central ® payday loan
from us is to fill out a new member application for quick cash and
instantaneous approval information. Once you have been approved,
sign in at the members page and submit your request for a payroll
loan. If you have questions about your eligibility for a loan
or would like to learn more about how a payday loan works, feel
free to contact us here at Cash Central ®.
How do I receive the cash, and how
do I repay the loan?
When you sign a loan contract, you authorize Cash Central ®
to facilitate:
* Direct deposit of your requested loan amount into your checking
account.
* Direct withdrawal the loan amount and fee on your next payday.
Please see our state by state fee schedule for more information
on how much a paycheck loan costs.
How will I know you will only withdraw what I owe on the
loan? Cash Central ® was built on integrity and a superior
customer experience. We honor and are regulated by state financial
regulations and the Better Business Bureau. We have no legal right
to withdraw more from your account than you authorize in the loan
agreement.
How long does it take to be approved? Once you
click submit, your application is quickly reviewed for approval.
It usually takes less than a day for approval after we have received
all your information. Once your application is approved, you can
log in to the Members Section and request your loan amount. Apply
now
How soon can I receive a cash advance? Once your
loan is approved, a Cash Central ® cash advance usually
funds within 24 hours of your request. If you are requesting your
second payday loan, you are free to borrow once payment of the previous
loan has been verified (this may vary by state).
What if I request it on Friday or a weekend? A
loan approved on Monday through Thursday before 6:00 p.m. Mountain
Time (8:00 p.m. Eastern Time, 7:00 p.m. Central Time, 5:00 p.m.
Pacific Time) is usually deposited in your account on the following
day. Due to bank hours and days of operation, a loan approved after
6:00 p.m. Mountain Time on Thursday, or at any time on Friday, will
usually be deposited in your account on the following Monday. A
loan approved on a Saturday or Sunday will usually be deposited
in your account on the following Tuesday. Always verify the deposit
has arrived and is available for withdrawal before writing any checks
on that deposit.
Is my loan confidential? Absolutely. We do not
disclose information about you or your loan except in accordance
with our Privacy Policy and your permission.
What if I can't pay the loan on the due date?
We understand life has ebbs and flows which may make payment difficult
when your pay date arrives. Cash Central ® does offer a refinancing*
on your short term loan. If you know you won't be able to repay
on your due date, please contact us immediately. You may be eligible
to receive a refinance, but we must receive your request call by
6 o'clock MST the day before your loan is due in order to process
a refinance request. If you make no refinance request, and fail
to pay the balance when due, your loan will be in default.
Subject to applicable state laws, Cash Central as a member of CFSA,
provide our members an Extended Payment Plan (.EPP.) for Members
who are unable to repay a loan.
You [the customer] may opt into an EPP to pay an outstanding loan
if you are unable to repay your loan when due. Any outstanding fee
will be included in the amount subject to EPP. You must invoke the
EPP by close of business on the last business day before the loan
due date by Cash Central at 800-460-4305. To invoke the EPP, you
must sign an amendment to your loan agreement reflecting the new
payment schedule.
You may pay the transaction balance in four equal payments coinciding
with your periodic pay dates. We will not begin collection activities
while you are under an EPP as long as you meet all obligations under
the EPP. There is no charge for you to enter into an EPP. However,
if you default on an EPP, we may charge you an EPP fee and accelerate
payment on the balance remaining, as authorized by applicable law.
How does a refinance work?* A refinance allows
you to extend your full payment deadline past your due date -- allowing
you some breathing room. A refinance request must be received by
5:45pm Mountain Time the banking business day before your payroll
loan is due. We may approve a refinance until your next payday up
to a maximum of 18 days. The fee for refinancing your loan can be
found here. The refinance is then debited on the original due date
of your loan. We recommend paying an additional amount toward the
principal balance.
Can I request another loan when I already have one loan
outstanding? We don't believe in getting our customers
into a situation which may be hard to repay their short-term loan.
Cash Central's core belief in responsible lending allows us to serve
out customers one at a time. Once a current loan is paid, you are
welcome to take another.
Can I rescind my loan? Yes. You have the right
to rescind your loan without incurring any charges by notifying
us of your desire to rescind and by returning the loan amount to
us on or before 5:00 p.m. on the next business day following the
date on which the Loan was executed.
What is the cost of credit for a payday loan?
Because Cash Central ® believes in state licensed, responsible
lending, the cost of a Cash Central ® payday loan will depend
on the state you live in. Check out our fee schedule for more information
about paycheck loan fees and payment options.
Can I prepay my loan? Yes. In fact, we encourage
you to make pre-payments on your current loan. A prepayment can
be paid by Money order, Western Union or Money Gram in any amount
you request. If you would like to schedule a prepayment, please
contact one of our customer service representatives who will be
happy to assist you in making those arrangements. Apply
now for a payday loan |
