How a Payday Loan works at CashCentral.com

Payday loans are short-term cash loans directly deposited into your checking account by CashCentral.com. The length and duration of the loan is, in certain states, limited by law, but generally lasts until your next pay day or 18 days. At that time, the loan is paid back via an authorized electronic withdrawal from your checking account.

People from all walks of life generally use their payday loan for emergency expenses, including doctor bills, utility payments, rent payments, or to avoid bouncing a check (or checks) at their financial institution. While a payday loan does have a loan fee, they are usually less than a credit card late fee or the non-sufficient funds penalties various banks charge.

Qualifying for a Payday Loan

CashCentral.com requires you to have the following for your application to be accepted:

You have been employed three months or longer.
Take home a minimum of $1,000 monthly (after taxes).
Valid checking account in your name.
Current (and valid) home and work telephone numbers.
U.S. Citizen
Over 18

The APR (annual percentage rate) and fees for a payday loan vary by state and can be viewed here.

CashCentral.com is a proud member of CFSA. Find out more about CFSA best practices.

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Customer Notice: Payday advances should be used for short term financial needs only, not as a long term financial solution. Customers with credit difficulties should seek credit counseling.