Cash Central Is a Qualified Lending Option

In the 21st century, with the changes in the economy, financial issues and concerns are common among individuals. Most people do not have all of the income they need for emergencies as well as nonemergencies.

In the past, the only way to apply for a loan was to visit a brick and mortar bank. Today, lending is made simple with Cash Central.

There are many reasons why people borrow money. Sometimes the money is needed for emergencies, such as to fix a car that is required for work, or to have the funds necessary to pay next month’s rent.

But there are other reasons to take out loans as well. For example, you may take out a loan to plan for a vacation, to pay for a home improvement or to get some desired plastic surgery.

Cash Central is a lending organization that is designed to make your life simpler. Funding can be received within minutes with a system known as the Green Dot network. It involves loading your funds that you’ve received from Cash Central onto a prepaid card.

Without a prepaid card, in some situations a person may find that they have to wait for their loan despite the fact that they’ve been approved. However, the benefit of a prepaid card is that there is virtually no waiting for your funds. Therefore, your loans are deposited, same day, even on weekends and holidays.

If you don’t have a prepaid card, that is not a problem. You can simply apply for one on the Cash Central website.

What kinds of loans does Cash Central offer?

Installment Loans

An installment loan is a kind of loan that allows the borrower to pay back the loan over time with a designated number of scheduled payments. Typically, the payments remain the same throughout the term of the loan. Therefore, the payments are fixed payments that do not change from month to month.

At Cash Central, installment loans are designated with payments that are either monthly, semi-monthly or biweekly over a period of anywhere from six to twenty-four months. You may borrow anywhere from $300 to $5000 under a Cash Central Installment Loan.

The primary benefit of an installment loan is that you know what the payment will be every month. There are never any surprises on how much you will pay back for the loan. In addition, installment loans do not require collateral. The quick application process will determine if you qualify for the loan. Also, installment loans are convenient loans that can be not only short-term or long-term.

To qualify for a Cash Central Installment Loan:

You must have a source of income, and that source of income must be verified in some states.

You must have a valid checking account, and it must be in your name.

You’ll need to have two valid and current telephone numbers.

You’ll need a social security number.

You must be over 18 years of age.

PayDay Loans

Payday Loans are short-term loans that are generally used for emergencies. For example, if you face an unexpected doctor bill, you may choose to go with a payday loan. Or, if you face an unexpected financial situation, such as a check that is about to bounce, a payday loan may be your choice to prevent the check from bouncing and to protect your credit history with your bank and with credit rating agencies. Payday loans are generally paid back by your next payday or within two weeks.

The APR or annual percentage rate for payday loans varies according to each state. They are not recommended for long-term financial loans. For a long-term financial loan, it is advised to go with an installment loan. Generally, loans are paid back from your checking account with a preauthorized electronic withdrawal.

To qualify for a Cash Central PayDay loan:

You must have a source of income, and that source of income must be verified in some states.

You must have a valid checking account, and it must be in your name.

You’ll need to have two valid and current telephone numbers.

You’ll need a social security number.

You must be over 18 years of age.

Line of Credit

Another option that is available to Cash Central clients is a Cash Central Line of Credit. Unlike a payday loan or an installment loan, a line of credit is an amount of funds that you can access when you need it. There is a minimum monthly payment that is required to maintain the line of credit. However, additional payments can be made to reduce the balance, or, the entire balance can be paid off each month.

The benefit of a line of credit is that you can access it when you need to, knowing that it will always be there if you desire, particularly in times of financial hardship. A line of credit can be more budget friendly that a payday loan or an installment loan and can be used for a particular purpose. You pay interest and fees only on the portion of the funds you borrow. A line of credit with Cash Central is available only in Kansas. It is not available in other states at this time.

To qualify for a Cash Central Line of Credit:

You must have a source of income, and that source of income must be verified in some states.

You must have a valid checking account, and it must be in your name.

You’ll need to have two valid and current telephone numbers.

You’ll need a social security number.

You must be over 18 years of age.

You cannot be on active military duty, and you cannot be he spouse or dependent of someone on active military duty.

Title Loans

Another type of loan that Cash Central offers is a title loan. A title loan is a secured loan that is short termed, and that does not require a credit check. No credit check is needed because collateral serves as the security for the loan. There are various types of collateral for loans, but with title loans, the security is your automobile’s title or the value of your vehicle. It is another kind of loan that is suitable for funds needed in an emergency situation. The difference between a title loan and a payday loan is that you can often borrow larger amounts than would be available with a payday loan.

Cash Central offers title loans anywhere from $100 to $25,000. Approval is quick, and the customer maintains the car while paying back the loan. Title loans through Cash Central are not offered online. However, partnerships with trusted lenders have been arranged to provide title loans.

To qualify for a Cash Central Title Loan:

The customer must own their own car, and it must be free of liens.

The customer must have valid car insurance.

The customer must own the title of the car.

There are many types of lending companies to go with.

So why is Cash Central a company to consider?

Fast Funding of Loans

One of the primary considerations when applying for a loan is how quickly you can receive the loan. Those who apply for either installment loans or payday loans typically do not want to wait long to see if they qualify. Cash Central will give you approval for a loan and the funds for the loan within 24 hours. This is especially useful for people who need emergency funding.

Customer Service

Applying for a loan is often something that people are nervous in doing. Sometimes a person has never applied for a loan before. Cash Central features not only people who are knowledgeable but also friendly and will focus on each person’s individual circumstance.

Privacy

What’s even more important for many people is privacy when applying for a loan. The loan process is a personal one and many people do it knowing that apply for a loan is confidential. You know that you can apply easily from the privacy of your home.

Safety

When you apply for a loan, there is some personal financial information that you’ll need to give, such as your name, address, and date of birth for the loan to be transferred. It is, therefore, paramount for your lending company to be one that you can trust. Cash Central features a safe and secure system that is also state licensed and registered. Therefore, Cash Central gives you a service where you are protected by both state and federal law.

Whether you are seeking an installment loan, a payday loan, a line of credit or a title loan, Cash Central is one of the lending opportunities that is available. It is designed to make receiving funds easy, confidential and convenient. Today, applying for loans is much easier than before. Also, the terms to pay back loans are easier than every before. As long as you are over 18 years of age, a loan with Cash Central could be an option.