Cash Central specializes in smaller dollar amount payday loans or cash advances, which are typically repaid on your next pay date.
A payday loan, also known as a cash advance, is typically offered over the course of two to four weeks and paid back on your next payday. However, borrowers often use these loans over a period of months, which can be expensive. Payday loans are not recommended as long-term financial solutions but are often used to cover emergency expenses.
Installment Loans offer longer terms and lower payments. You will have predictable payments spread out over a set schedule.
Payday and installment loans vary by state and duration, Annual Percentage Rate, fees and availability.
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