CashNetUSA Reviews
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About CashNetUSA
CashNetUSA is an online money lender that offers a variety of different loan options for consumers who need quick access to funds. This is a popular option for people who have below-average credit and may not be approved for a traditional loan from the bank. The amount you qualify for and your repayment terms depend on your loan history and the specific requirements of your state. To qualify for a CashNetUSA loan, you must be 18 years of age or older, have a verifiable source of income, have an active checking account and live in the U.S.
Visit www.cashnetusa.com- Offers various short-term loans
- Same-business-day funding
- Easy application process
- Cannot take out concurrent loans
- Higher interest rates
- Limited availability — only operates in 12 states
Helpful Reviews
Payday lending is illegal and unavailable to consumers in some states. Payday loans usually have very high interest rates and carry risk. As with any loan, consumers should have a clear understanding of the fees, terms and conditions of any payday loan before borrowing.
What is CashNetUSA?
CashNetUSA is an online lender that provides a variety of options for those who need cash quickly. It works with people with below-average credit scores.
To qualify for a loan from CashNetUSA, you must fill out an application on its website. You’ll provide basic information such as your name, phone number, date of birth, address and contact preferences. Then, you’ll receive an email confirmation shortly after submitting your application stating whether it’s been approved.
Most of the time, you will not be required to fax or email any documents unless:
- You are receiving Social Security or disability benefits
- You are self-employed
- You are receiving alimony
If approved before 1:30 p.m. CST Monday through Friday, funds are typically deposited the same day. Applications approved after 1:30 p.m. or on weekends receive funds the next business day.
» COMPARE: Best Payday and Title Loan Companies
CashNetUSA loans
Terms on CashNetUSA loans vary based on your location. There are no penalties for repaying your loan early, and you may qualify for refinancing, depending on your state of residence.
CashNetUSA offers flexible lines of credit in specific states as well as installment loans. The unsecured installment loans can be paid back in multiple scheduled payments over several months, and there is no penalty for paying off this type of loan early.
Installment loans are longer-term loans typically used for more significant expenses. Loan amounts vary by state but range from $300 to $2,000. Unlike payday advance loans, the repayment schedule for installment loans is spread out over several months.
Currently, CashNetUSA operates in 12 states, as shown in the table below:
| States | Loan or line of credit amount range |
|---|---|
| Alabama | $2,000–$3,000 |
| Delaware, Idaho, Kansas, Louisiana, Tennessee, Utah | $100–$3,000 |
| Mississippi, Texas | $300–$2,500 |
| Missouri | $550–$2,800 |
| South Carolina | $650–$2,800 |
| Wisconsin | $300–$3,000 |
CashNetUSA rates
Interest rates vary based on the amount of money you're borrowing, the loan length and the state requirements regarding payday loans. However, these short-term loans and lines of credit typically carry high interest rates.
For example, in Texas, the annual percentage rates (APRs) for a 175 days loan of $800 is around 409%. This means you’ll have to pay significantly more back than you borrowed — approximately $1,971.10 in total — so carefully consider the cost before committing to this type of loan. Exploring alternatives to payday loans may better fit your financial needs.
Fees also vary by state. It’s important to check CashNetUSA’s website to confirm if its services are available in your area and to review applicable fees. The site offers state-specific pages detailing loan types, rates, terms, and frequently asked questions. Always read your contract carefully and contact a representative with any questions about fees or repayment.
CashNetUSA FAQ
Where is CashNetUSA available?
CashNetUSA currently offers loans or lines of credit in Alabama, Delaware, Idaho, Kansas, Louisiana, Mississippi, Missouri, South Carolina, Tennessee, Texas, Utah and Wisconsin. Loan amounts and terms vary by state, so check CashNetUSA’s website for the latest details specific to your location.
Is CashNetUSA a scam?
No. CashNetUSA is a licensed lender and does not require upfront payments to apply, which is a common red flag in payday loan scams. It also provides a publicly available privacy policy and states that it takes customer data security seriously.
Is CashNetUSA a payday loan?
Yes and no. CashNetUSA offers payday-style short-term loans in some states, but it primarily provides lines of credit and installment loans, which have longer repayment terms. The types of loans available vary by state due to differing regulations. Unlike payday loans, installment loans spread repayment over several months, and lines of credit offer more flexible borrowing options.
Is CashNetUSA safe?
Yes. CashNetUSA uses a variety of technologies to keep your money and personal information safe and secure.
What time does CashNetUSA deposit funds?
If your application is approved before 1:30 p.m. Central, the loan will generally be funded the same business day. If your application is approved after 1:30 p.m. Central, the loan will usually be funded the next business day.
Where is CashNetUSA located?
CashNetUSA doesn’t have physical locations you can visit. It’s solely an online lender.
Does CashNetUSA check credit?
Your credit history will not affect your ability to qualify for a payday loan with CashNetUSA.
Still have questions?
Is CashNetUSA legit?
Yes, CashNetUSA is a legitimate, licensed online lender that has operated since 2004. It reports having served more than 5 million customers to date. It provides state-specific “What We Offer,” “Rates & Terms” and “FAQ” pages to help potential borrowers understand available loan types, costs and eligibility requirements in their area. CashNetUSA also makes its terms and conditions, privacy policy and opt-out options publicly available, which suggests a degree of operational transparency. Overall, CashNetUSA may be a suitable option for those who need fast access to funds and are confident in their ability to repay on time.
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CashNetUSA Company Information
- Social media:
- Company Name:
- CashNetUSA
- Address:
- 175 West Jackson, Suite 1000
- City:
- Chicago
- State/Province:
- IL
- Postal Code:
- 60604
- Country:
- United States
- Website:
- www.cashnetusa.com
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