CashWise Blog

Just a reminder that with the New Years banking holiday falling on the weekend banks will be closed Friday. As a result, Cash Central customer service will be unavailable Friday, December 31 2010 and Saturday, January 1, 2011. To receive funding before the weekend, loans must be approved before 5:45 PM (MST), Wednesday, December 29. Loans approved after 5:45 PM (MST) and through 5:45 PM (MST) January 2, 2011 will fund Monday, January 3.

Everyone has their circle of friends whether it’s co-workers, neighbors, family or all of the above. So what to do when the holidays roll around and everyone starts handing out gifts? Easy. Don’t buy any– go the thrifty route and give time, skill or service. And with only 10 days until Christmas, you can save time, stress and travel in your search– instead giving the gift of, well, you.

Moneywatch.com has a humorous (but practical) list on how to get started. Some of the ideas may not be for everyone, but they may help spark some money-saving ideas, including:

Swap services. If you have smart but broke friends, this tip is for you. Have a friend who provides a valuable service such as personal training, financial planning, or computer consulting give you several one hour vouchers you can give to your friends. In return, you give your friend the same number of one hour vouchers for whatever service you provide.

You can read the full 10 (and a bonus five!) suggestions right here. Good luck!

With winter here in full force, we’ve been reviewing our call volume and customer feedback. To better accommodate our fantastic customers during these winter days, we’re changing the hours of operation for our live Customer Service center. Beginning January 3rd, customer service hours will change from availability at 7AM (MST) to 8AM (MST). Saturday hours will change from 7AM-11AM to 9AM -12PM effective this Saturday (12/18).

The new customer service hours hours for the Call Center are:

1) Monday – Thursday 8:00 a.m. to 8:30 p.m. (Effective 1/3/11)

2) Friday 8:00 a.m. to 6:00 p.m. (Effective 1/3/11)

3) Saturday 9:00 a.m. to 12:00 p.m. (Effective 12/18/10)

We hope these new hours accommodate your schedules a little better and, as usual, look forward to speaking with you.

Last night loan deposits and loan payments were processed correctly with Cash Central and Texas Loan Corporation’s bank, Wells Fargo.  However, there was an error with the ACH (Automated Clearing House) processor that Wells Fargo uses to process loans and loan payments. This issue has affected any bank using this processor and has affected 2 billion Wells Fargo ACH customer transactions and was not isolated to Texas Loan Corporation or Cash Central. As such, this may have affected your ability to receive your loan proceeds or for your payment to process.

This issue has been resolved and your load funds or payment will be processed tonight, making your loan proceeds available or your payment posting tomorrow morning. If you are a Wells Fargo customer, your loan proceeds and payment should have processed correctly.

We apologize for any inconvenience this may have caused you and want to reassure you that we are addressing the need for our bank and others to ensure they have the proper redundancy in place to ensure these types of issues do not occur in the future.

Thank you for choosing Cash Central.

Have you “Liked” Cash Central on Facebook or “Followed” us on Twitter?

If not, you may be missing out on some great promotions, updates and information.

Facebook fans and Twitter followers have already received exclusive discounts… and you can bet there’s more to come.

Visit and “Like” Cash Central on Facebook.

Visit and “Follow” Cash Central on Twitter.

While nobody likes a call from a debt collector, receiving a call from a fake is even worse. In an emerging trend, scammers are posing as payday loan debt collectors and frightening individuals into paying “debts” they never owed.

Ohio Attorney General Richard Cordray has offered some great advice on how to ensure you don’t get caught in the same trap, while putting those scammers back on their heels:

Some red flags in identifying this scam include:

• Refusal to provide the consumer with supporting documentation of debt allegedly owed.
• Callers claim to be representatives from “U.S. Cash.”
• Repayment required through wiring or wire transfer of payments.
• Threats of retaliation if the debt is not immediately repaid.

Cordray advises [individuals] to know their rights under the federal Fair Debt Collection Practices Act (FDCPA), which requires debt collectors to send consumers a written “validation notice” listing the amount of debt a consumer owes within five days of first contact. In turn, consumers have the right to request validation of a debt by sending the collector a letter.

The FDCPA can be reviewed in full here.

Cash Central appreciates your patronage and the ability we have to offer you peace of mind that comes from knowing you have access to short-term funds when you need them. Recent financial reactionism and subsequent legislation, however, are threatening your access to peace of mind and threaten to shut down short term loans– a financial service that has helped millions over the years.

Currently, regulatory reform legislation (in the form of the Community Financial Protection Agency–CFPA) is being politically rushed for a vote and has the very real potential to cause Cash Central and all other short-term payday lenders to close their doors—not only cutting off your access to convenient and accessible short term cash, but also putting more than 50,000 people out of work across the country. The next few days and weeks are critical in making your voice heard.

To contact your Senators, click here and find your senator by entering your state. Click on the appropriate contact link and fill out the contact form with a message that explains your feelings regarding the need for cash advances, short term loans, etc.—and that you do not want this right to be taken away by the government in this new piece of over-reaching legislation.

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