Lender
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Centz Review

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About Lender

Centz, formerly Aspen Financial Direct, is an online loan platform that offers online installment loans. They were founded to make borrowing easy and user friendly and have become a go to for borrowers looking for fast and easy financing.

One of the best things about borrowing with Centz is the application process. Borrowers can apply online and complete the entire loan application without any paper work or in person meetings. This means borrowers can apply and get funded in days.

centz review

Key Features

  • Quick Application Process. The company has a fully online application process that’s quick, easy and convenient. Borrowers can apply with an invitation code from the website at any time without any paper work or in person meetings.

  • Pay Off Early With No Penalty. The lender allows borrowers to pay off their loans early so they can manage their finances and save on interest.

  • No Hidden Fees. Centz is transparent with fees, no complicated language or hidden charges. Borrowers can see the cost of their loan, including fees and interest.

  • Reports to Credit Bureaus. They report loan payments to credit bureaus so borrowers can build credit and improve their credit score.

  • Fast Approval and Funding. Centz is fast with loan approval and funding, borrowers get funded in days. Perfect for borrowers who need fast and easy financing.

Pros and Cons

Pros

  • Easy Application. Application is simple, customer support is good.

  • Early Payoff. Borrowers can pay off early with no penalty.

  • Transparent Costs. No hidden fees, just interest on the loan.

  • No Credit Required. Good credit not required.

Cons

  • Pre-qualification Required. Borrowers must pre-qualify before applying for a loan.

  • High Interest Rates. Interest rates are high.

Reliabilty

  • Trustpilot Rating. Centz has a 4.4 rating on Trustpilot, good customer reviews and reliable service.

  • Entrust Verified. Company is Entrust verified, online security and customer privacy protected.

  • Licensed and Regulated. Centz is licensed by the New Mexico Regulation and Licensing Department, they comply with state laws and are an authorized lender.

  • Industry Reputation. With licensing, regulatory compliance and high ratings they show a responsible approach to online lending.

How to Apply for a Centz Loan?

Apply For a Loan

To apply for a Centz loan, you must have an invitation code. If you haven't received one, check back as new applications will be accepted soon.

For those with an invitation code, follow these steps:

  1. Visit The Website. Go to the Centz website through your browser.

  2. Click Get Started. On the homepage, select "Get Started" to begin the account creation process.

  3. Enter Invitation Code (If Applicable). If you have received an invitation code, enter it in the designated field, then click "Get Started" again.

  4. Fill Out The Application. Complete the online application form with the required information

Conditions and Reqiurements

Conditions

  • Loan Amounts. Centz loans from $500 to $5,000 based on approval.

  • Repayment Terms. Repayment period for loans 18 to 24 months.

  • APR Rates. Centz APR 79%, 99%, 149% based on loan terms.

Requirements

  • Age. You must be 21 years or older to apply.

  • State. You must reside in a state where Centz services are available.

  • Employment or Income. You need to have a job or a regular income.

  • Checking Account. Active and valid checking account required; savings or prepaid accounts not accepted.

  • Email. A valid email address is required to receive account and loan information.

Ways to Recieve the Money

Centz has a streamlined process to get the loan funds to you. Once approved, Centz deposits the funds directly into your bank account. This is usually next business day, depending on approval time and your bank’s processing time. You can track your funds through your online Centz account, so you can see your loan disbursement details.

Products

Centz offers installment loans to help you meet your financial needs. These loans are unsecured, so you don’t need to put up any collateral to get the loan. This makes it easier and more accessible for you to get the funds you need. Centz has various loan options with different repayment terms and interest rates so you can choose the loan that fits your needs and budget. They also work with borrowers with less than perfect credit, they have options to help you build credit while getting the funds you need. With flexible loan options, transparent fees and easy application process, Centz is a reputable online lender and a popular choice for borrowers who need fast and reliable financing.

Other Personal Loans

Reasons for Loan Refusal

Centz may deny a loan for several reasons including insufficient income, high debt to income ratio, poor credit history which may indicate higher risk of default. Failure to meet specific requirements such as age or residency may also result to denial. Providing incomplete or inaccurate information on the application may also result to denial and residing in a state where Centz does not operate due to regulatory restrictions.

Check Credit Score

How to Repay a centz Loan?

Repay

Repaying a Centz loan is easy, with automatic electronic payments scheduled according to the loan terms. Payments will be deducted from your bank account on due date so you don’t have to lift a finger. You can also make extra payments or pay off the loan early, Centz does not charge prepayment penalty. For any changes or assistance with the repayment schedule, contact the support team.

Loans like Centz

OppLoans

Apply for a Loan

OppLoans is a notable financial service provider that offers consumer loans varying from $500 to $4,000. They expedite the funding process to ensure that approved applicants receive the necessary funds promptly, which is advantageous for those dealing with immediate financial concerns. OppLoans offers adaptable repayment conditions, giving customers the choice between 9, 12, and 18-month loan terms. This adaptability allows borrowers to opt for a repayment plan that matches their financial ability, ensuring a seamless and manageable loan journey.

About OppLoans

Rise Credit

Apply for a Loan

RISE Credit is a reliable online lender that provides loans up to $5,000. They have a streamlined application procedure, allowing borrowers to have funds transferred to their accounts as early as the next business day. They present the flexibility of choosing a payment schedule that fits with the financial preferences of the customers, although some state-based restrictions might apply. A notable feature of RISE Credit is its 5-Day Risk-Free Guarantee, which permits borrowers to revoke their loan and return the principal with zero fees or interest within the given period. Additionally, RISE Credit grants customers complimentary access to their credit score and credit monitoring alerts through Credit Score Plus, offering valuable financial insight.

About Rise

OneMain Financial

Apply for a Loan

OneMain Financial stands as a distinguished and enduring lender, offering personal loans that range between $1,500 to $20,000. Boasting a century’s worth of experience in the financial sector, they have garnered the trust of a vast customer base. Their loan terms include fixed rates and fixed payments, offering a predictable and manageable repayment scenario to borrowers. OneMain Financial emphasizes personalized service, ensuring that the distinct needs of each customer are addressed. With a widespread network of approximately 1,400 branches, they provide easy access and convenience for individuals in search of financial aid.

About OneMain Financial

Universal Credit

Apply for a Loan

Universal Credit requires applicants to have a minimum credit score of 560, thus excluding those with no credit history. It is appealing for its credit-enhancement features, making it suitable for individuals with fair or poor credit looking to better their scores. Providing larger loan amounts than Oportun and next-day funding upon approval, it emerges as a solid choice for significant, urgent financial needs. Universal Credit extends its loan services across all 50 states and Washington, D.C., offering a wide geographical coverage.

About Universal Credit

Editorial Opinion

Centz has a simple approach to lending with a transparent application process and works with borrowers with less than perfect credit. Known for fast funding and no penalty for early payment, Centz aims to be accessible and flexible for those who need fast financial solution. However, with higher interest rates, Centz loans may be more expensive than traditional options so you need to consider carefully. Overall Centz is a reliable lender with focus on customer service and transparency for those who need quick and short term financial relief.

Important

Keeping your Debt-to-Income (DTI) ratio below 30-40% of your monthly income is crucial. This will help you avoid potential financial problems in the future. Additionally, always assess the necessity and feasibility of taking a loan, ensuring you can comfortably manage its repayment.

How to Choose a Lender

  1. Make sure to confirm whether the lender is licensed to operate in your state. You can verify this information with your state regulator or attorney general.

  2. Check if the lender is a member of a reputable association, such as the Community Financial Services Association of America. Membership in such organizations may provide an extra level of reliability.

  3. Carefully review all the terms and conditions of your payday loan contract.

  4. Thoroughly examine the interest rates on payday loans and ensure that your contract includes a detailed breakdown of the total cost of the loan.

  5. Take advantage of your right of rescission. Usually, you can rescind the loan within three days after signing the agreement. Alternatively, there is typically a "cooling-off" period, which allows you several days to thoroughly review the contract before making an informed decision to enter into a consumer loan agreement based on the terms specified by the lender.

  6. Choosing a payday lender is a significant decision that demands careful consideration and a good understanding of how such organizations operate.

FAQ

How do you qualify for Centz?

To be eligible for a loan through Centz, you must meet several criteria. You must be at least 21 years old, reside in a state where Centz offers its services, have a steady source of income or employment, maintain an active and valid checking account (savings and prepaid accounts are not accepted), and have an email address to receive account information. These requirements help Centz ensure that borrowers can repay their loans and have a positive borrowing experience.

How much can you borrow from Centz?

Depending on your location, the loan approval amounts at Centz must meet from $500 to $5,000. Returning clients may be eligible for a higher loan amount based on their payment history, activity, and the amount requested being affordable.

Is Centz a legitimate company?

Yes, Centz is a legit company. The company is licensed and regulated by the New Mexico Regulation and Licensing Department, Financial Institutions Division, P.O. Box 25101, 2550 Cerrillos Road, Santa Fe, New Mexico 87504.

What is the minimum amount you can apply for a loan in Centz?

The minimum loan amount offered by Centz is $500.

Company documents

Privacy Policy
Rates & Terms
Terms & Conditions

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© Aspen Financial Solutions, Inc.
Offers
Centz
Personal Loans
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
$500-$5,000
Rate
i

Interest rate

up to 139%
Term
i

Loan term for the financial product

up to 24 months
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Finanso
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Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
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300
650
1000
2000.00 – 100000.00 $
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Interest rate

6.34 – 35.89 %
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Loan term for the financial product

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Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
100.00 – 4000.00 $
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

3.93
(20 Ratings)
Recommended FinScore™
0
300
650
1000
450.00 – 12000.00 $
Rate
i

Interest rate

27.50 – 81.29 %
Term
i

Loan term for the financial product

6 months – 3 years
Apply
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