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Should I get a Cash Central loan?
A Cash Central loan shouldn’t be entered into lightly. If you need some fast cash for an emergency expense like a car repair, you may want to consider applying — but be sure to weigh other options, including applying for payday alternative loans and asking family or friends for financial help.
Since Cash Central loans come with very high APRs and fees, you should use one only as a last resort if you’ve exhausted other options.
These loans don’t make sense at all if you can get approved for a loan with a lower interest rate or would like to pay for a nonemergency expense like a kitchen remodel or family vacation.
*Approval Odds are not a guarantee of approval. Credit Karma determines Approval Odds by comparing your credit profile to other Credit Karma members who were approved for the personal loan, or whether you meet certain criteria determined by the lender. Of course, there’s no such thing as a sure thing, but knowing your Approval Odds may help you narrow down your choices. For example, you may not be approved because you don’t meet the lender’s “ability to pay standard” after they verify your income and employment; or, you already have the maximum number of accounts with that specific lender.
About the author: Anna Baluch is a freelance personal finance writer from Cleveland, Ohio. You can find her work on sites like The Balance, Freedom Debt Relief, LendingTree and RateGenius. Anna has an MBA in marketing from Roosevelt Un… Read more.
