Cash Central PayDay Loan Review

October 10, 2007

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I have never used a payday loan but few days ago a friend called me to see if I can borrow him some money and he will pay me the next day but I felt so sorry about him because was weekend and my bank was closed. So I adviced him to see any payday loan company that can borrow him the money but suggested him to check their fees which is usually high. This issue passed and I never talked with him just yesterday that he came online and asked him what happened with that issue. He told me that when he was researching about a good paydayloan company he found many but he went with CashCentra payday loan. He was very happy to use them because their fees are so competitive comparing with other companies and their support team was excellent!

I was really shocked to see that someone was really happy with a payday loan company but after some thinking I wanted to research more about this company and share it here. May be some of you have the same problems or similar when you are trying to find a good payday loan like Cashcentral. After some research about their company I wasn’t happy for the information that I found over the net so the best way is to talk with them directly and ask them for an interview. For my pleasure I got their answers and their approval to make a short interview with them.

Q. What is CashCentral?

A. Cash Central is a short term lending company, offering loans up to $1000 to help with life’s emergencies.

Q. What is the difference between Cash Central and their competitors?

A. The difference between Cash Central and its competitors is a state licensed lending model- meaning, all loans are legally administered in the state the customer resides in- i.e.- they’re legal. In addition, Cash Central’s Loan Advisors (i.e.- customer service) is live, helpful and friendly, all done in-house.

Q. What are the benefits to use CashCentral?

A. Benefits include next day funding, instant approval, superior customer support and loans up to $1000 (in applicable states- customers can find the max loan amount as determined by their state in the fee schedule on our site).

Q. Cashcentral Payday loan Online members needs to send fax?

A. No faxing payday loan

Q. Who can apply for CashCentral? Any restriction?

A. US residents 18 and older may apply with Cash Central in the following states: Alabama, Alaska, Arizona, California, Colorado, Delaware, Hawaii, Idaho, Kansas, Louisiana, Minnesota, Missouri, Montana, New Mexico, North Dakota, Pennsylvania, Rhode Island, South Dakota, Texas, Utah, Washington, Wisconsin, Wyoming.

Q. How do you treat the confidential of your customers?

A. Customer confidentiality is critical to the way we do business. (Stop here few words have to say). They redirected me to the page of their privacy and policy and I can say that is well writting and is fair. Great point (Who are not concerned about their privacy?)

Q. Why do you think that CashCentral is the best choice for those trying to find PayDay Loans?

A. Cash Central is the best choice for a Payday Loan based outstanding personal service, a simple process for quick money, security and reliability through state licensed (legal) lending, instant loan approval and confidential, 24/7 online convenience. We’re the lender- not a lead provider. We’re one of the few online lenders in this for the long haul and it shows.

After the interview was answered by email, I went again to their site and see if I can find something interesting. I was in the shoes of someone that wants a payday loan and asked some question, one of them: How CashCentral determine the Due Date and hopefully I found it there:

All loan due dates must be on your payday. The minimum number of days a loan can be taken for is 4 days. The maximum number of days a loan can be taken for is 18 days.

All paycheck loan due dates must be on your payday.
If you get paid once a week: You must use the subsequent payday.
If you get paid twice a month or every other week: You must use your next payday. If your next payday is less than 4 days away then you must use the following payday.
If you get paid once a month, and your payday is less than 18 days away, you must use your next payday. If your payday is over 18 days away, you can only take the loan for 18 days. The maximum term for a Cash Central loan is 18 days.

I was interested also to check their fees and found it. But they list it by states and posting here each fees from each state that they allow will be a long post, so decided to make a screenshot for 2 states:

Payday Loan California

and Pay day Loan Washington:

Now was my turn to make a comparison with other companies. Compared with another 2 payday loan companies and was amazing how CashCentral really have a competitive fees. The comparison concludes that cashcentral fees are less than 10% to 20% in fees.

Cash Central Payday Loans: Quick, Friendly, Secure

Other Cash Loans for US Residents

Get The Cash You Need Today! Apply Now at FastwireCash.com

Cash Loans Payday For UK Residents

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