Loans like cash central®

loans like cash central

Cash Central is an online lender that offers payday loan options and installment loans. If you are thinking about Cash Central for a loan, you may have some questions about them and alternatives. Below is more information on Cash Central and alternative options. 

Finding The Right Personal Loan

When beginning your search, no matter where you live, you may be overwhelmed by the amount of options that you come across for personal loans, payday loans, or otherwise, especially when looking online. This is where CreditNinja comes in with our expertise; we’ll give you some pointers so you can navigate through your Cash Central and Cash Central alternatives effectively. The right personal loan will have a few qualities that you should know about: 

Competitive Interest Rates

Interest will likely be the highest cost with your loan, and like most people, it is probably one of the first questions you have or one of the first factors you will look at with your loan. That is definitely a smart approach—going for the lower interest rate loan can help you save money. 

However, it is extremely important to pay attention to the whole cost of the loan rather than just the interest rate. The total cost of your loan will be the APR, so when comparing costs, look at that number. A good rule of thumb to know about is that the higher your credit score, the lower your interest rate will likely be, and vice versa.

Flexible Repayment Terms 

Repayment with a loan is extremely important because it will determine repayment with a loan, which is really the most essential part for the borrower. Some lenders, such as banks or credit unions, may have fixed repayment terms for everyone, while online loans and lenders may offer more flexible terms for their loan products. 

The right personal loan for you should be a good fit with the repayment terms. Before applying for a loan, it may be helpful to figure out what range fits well for you. Keep in mind that usually, a longer loan will mean paying more interest but more manageable monthly payments, and a shorter loan will mean the opposite. 

A Fast and Easy Loan Process

When you need emergency funding, one of the most important factors for you may be how fast you can get funding. A fast process is what made loan options like online payday loans so popular; however, personal loan alternatives that can be just as fast do exist. If fast funding is a property with a personal loan for you, consider an online loan option. The best lenders also make the application process simple! 

Transparent Loan Terms

No one wants to get into something that they are unsure about. The right personal loan and lender will present you with all the information you need in a clear and concise way and answer any questions you may have about your loan without hesitation. 

No Hidden Fees 

The right personal loan will never have any hidden fees as part of repayment; this ties in with transparent loan terms. You should know exactly what you will be paying for with your loan. This is why it is so important to review the loan agreement carefully.

Simple and Convenient Loan Repayment Options 

You should try to find lenders and loans that offer repayment options that are easy to complete. The last thing you want is to have a loan that is difficult to make payments with and thus missing or making late payments. Make sure you know how you can repay your loan; ideally, you’ll want something that is easy for you to complete. 

Personal Loans Vs. Payday Loans 

When looking for any kind of fast funding, you will likely come across payday loans. Payday loan options are meant to be extremely fast and provide flexibility to bad credit; however, they can be hard to repay because of their short repayment terms and high interest rates. In fact, a report from the Consumer Financial Protection Bureau (CFPB) reveals that 80% of payday loan recipients are unable to repay their loans in full by the due date.1 The good news is that there are alternatives to payday loans, and personal loans have quickly become a popular choice over payday lenders. 

Some personal loans are available even for those who have a bad credit score, and with a loan online, you could have funding just as fast as a payday loan. Additionally, financing time for a personal loan tends to be longer and more manageable than payday options. And so there really is no need to turn to a payday loan even if you have bad credit or need fast funding. 

Loans Like Cash Central: What You Need To Know

Cash Central is an online lender based in Ohio that offers installment loans and payday loans; both of these options are online loans. Although based in the state of Ohio, they serve some other states; however, they do not serve every state in the country. Here are the states in which they currently do service:

  • Washington
  • Oregon
  • California 
  • Alaska
  • Wyoming 
  • North Dakota
  • Minnesota
  • Kansas
  • Texas
  • Indiana 
  • Tennessee
  • Mississippi
  • Florida
  • Louisiana  

And so you’ll have to be a resident of these states if you want to borrow either a payday loan or installment loan through Cash Central. 

Installment Loans vs. Payday Loans

If you are looking at Cash Central’s website, you may be curious about the differences between their payday loans and installment loans. A payday loan with Cash Central will be a single-payment loan, which means all the money you borrow and any interest and fees will need to be repaid at once on your next payday. A payday loan with Cash Central, in general, will be for a small amount—think a few hundred dollars at most, similar to cash advances. An installment loan will be for a larger amount, and repayment terms will be longer. 

What are the Loan Terms With Cash Central?

Something that is unique that Cash Central provides is examples of their loan terms including interest rates for each state that they service in. But it looks like they only provide information for their payday loans. Keep in mind that those rates are estimates, but it is definitely helpful to see those numbers. 

Here is an example of an estimate that they provided for the residents of the state of Washington:

A 45-day Payday Loan of $700.00 has an Annual Percentage Rate of 110.08%—finance Charge: $95.00.

Unfortunately, those seeking ranges or specifics for rates or loan terms do not have that information on their website. 

Paying Back a Loan 

When it comes to repayment with Cash Central, you can do so with automatic payments from your checking account for both their payday loan option and personal loans. For alternative forms of payment, you will have to contact them. 

If you cannot make your payments on time, they offer some solutions:

Repayment SolutionsDescription
Courtesy MovesAllows borrowers to extend their payment date, providing additional time to repay their loan.
Extended and Variable Payment PlansEnables borrowers to convert a single payment for a payday loan into multiple installments, with the option of up to four payments.
Ability to RefinanceAllows for the modification of the loan’s repayment terms, providing flexibility in managing the loan.

Can I Rescind My Loan With Cash Central?

Yes, with Cash Central, borrowers do have the right to rescind; however, they must do so before the end of the very same day that you receive your loan. You should contact Cash Central for specifics. 


What are some Cash Central alternatives for quick funding, especially if I need cash fast?

When looking for quick funding alternatives to Cash Central, consider direct lenders who offer cash advances and personal loans with a simple online application process. Such lenders often provide same-day or next-business-day funding, making them a viable option for those needing cash fast. CreditNinja offers same-day funding!*

How do cash advances from direct lenders like Cash Central compare to other short-term loan options?

Cash advances from direct lenders like this one are typically smaller, short-term loans intended for urgent financial needs. They often come with higher interest rates compared to other loan types. It’s important to explore all options, including Cash Central alternatives, to find the most suitable and cost-effective solution for your needs.

Can I apply online for a loan with CreditNinja or similar Cash Central alternatives without a credit check?

When you apply online for a loan with CreditNinja or similar lenders, they will perform a full credit check during the final approval process. It’s advisable to learn more about hard credit checks before applying for a loan. 

Are there any direct lender options that offer same-day funding like CreditNinja?*

Yes, there are direct lenders who offer same-day funding. These lenders provide quick funding options, often allowing borrowers to receive cash fast, sometimes even on the same day of application approval. It’s important to check the lender’s terms and processing times before applying.

What should I consider when looking for quick funding options from such lenders as Cash Central and its alternatives?

When seeking quick funding from lenders like Cash Central and its alternatives, consider factors like the speed of funding, interest rates, repayment terms, and any additional fees. Ensure that the lender is transparent about their terms and conditions. Also, verify whether they require a credit check and consider how it might affect your credit score.

CreditNinja: How Does It Compare?

CreditNinja is also an online lender; however, we only offer personal installment loans and not payday loans. So, if you are looking for payday lenders, CreditNinja is not the place. However, our personal loans are a great alternative to payday loan options because they are fast and flexible even if you have bad credit. 

Here are some benefits that could come when working with us:

  • An easy online process — Our process is extremely simple; you can apply for one online in just a few minutes. No need to send in any documents or leave the comfort of your home. 
  • Flexible loan terms — We cater to the needs of each individual, and so our loan terms vary and are flexible. 
  • Bad credit is okay — Even if you have bad credit, you may be able to borrow a loan from CreditNinja. And so, even with bad credit, do not hesitate to apply for the funding you need!
  • Exceptional customer service — Our customer service representatives are always helpful and attentive to all your needs. 
  • Competitive interest rates — The interest rates with our loans are highly competitive.

What Does the Application Process Look Like?

The application process with CreditNinja is extremely simple; here is what you can expect:

  1. Begin the application process — The first step is to begin the loan application process. You can begin online on your smartphone or your computer. 
  1. Complete the application process — You’ll have to add some personal information and financial information. You’ll also have to go through bank verification.
  1. Review the loan agreement — Once you submit your application, you will know about approval. If approved, you can go over the loan agreement.
  1. Sign and get funding — If the loan agreement looks good, you can sign and get funding. Funds can be sent straight to a bank account. 


  1. Responsible Credit Is an Economic and Moral Issue | Center for American Progress
  2. Website | Cash Central

*Not all loan requests are approved. Approval and loan terms vary based on credit determination and state law. Applications approved before 10:30 a.m. CT Monday – Friday are generally funded the same business day. Applications approved after this time are generally funded the next business day. Some applications may require additional verification, in which case, the loan if approved, will be funded the business day after such additional verification is completed.

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