Tribal Loans and Tribal Lending

A tribal lender is a financial institution that is based on tribal land and is owned and operated by the Native American community. Similar to casinos found on tribal land, tribal lenders operate under tribal sovereignty rather than state law. While they are required to follow all federal laws regarding consumer lending and finance, they […]

CashNetUSA 2018

CashNetUSA is a licensed online lender that offers payday loans, lines of credit, personal loans, and a few other types of loans in select states (more on that below). Currently operating in 30 states, more than 3 million borrowers have used the company’s services since it launched in 2004. A flagship brand of Enova International, […]

Check n go review

You never know when an emergency will happen, until it happens. If you have enough cash saved up in an emergency fund, you’re good to go. But if not, getting cash fast is a top priority. This can be hard if you don’t have stellar credit. There are personal loans for bad credit out there, […]

are payday loans evil

Is Payday Lending Evil?

Payday lending is bad, right? That certainly seems to be the accepted truth and the force behind a significant portion of America’s consumer financial regulatory policy in the last few years. Critics, which include the Consumer Financial Protection Bureau (CFPB), refer to payday loans as predatory and abusive “debt traps” (source). But is such criticism […]

how do payday loans work

How Do Payday Loans Work?

You probably know that payday loans are expensive. But do you know just how expensive? The typical payday loan is a small loan of $375 and has interest rates ranging from 300% to 500% APR . Payday lenders usually advertize the cost of payday loans as a one-time fee of $15 to $20 per $100 […]

credit traps worse payday loans1

It’s easy to fall into the open arms of payday lenders when you’re broke and have bad credit. Obviously, you don’t like the idea of paying a 400% interest rate on a few hundred bucks. You’re not stupid. You know they are taking you for a ride, but you’re in a tight spot. Any type of […]

choose payday loan alternatives

Having bad credit creates a Catch-22 situation for consumers. If you have bad credit, you don’t get approved for new credit; and without new credit, it’s next to impossible to repair your bad credit. This dilemma is not restricted to obtaining a loan. Employers also use credit checks as a way to filter job applications. Workers […]

payday loans beware

Payday Loans: Danger Ahead

Supporters of payday loans claim they provide a valuable service to the community by offering loans to people who would otherwise never qualify for credit. They’ll reason that payday loans are not meant as long-term loans but one-off deals to bridge the gap when people are strapped for cash. Although there are circumstances when a […]

How To Calculate The APR Of A Payday Loan

How to Calculate The APR Of A Payday Loan

In 1968, Congress passed the Federal Truth in Lending Act. The new law was a game changer for the credit industry. One of the major concepts it introduced was the annual percentage rate or APR. At the time, lenders used a variety of methods for calculating interest. Some lenders disclosed the monthly interest rate. Others used […]


CashNetUSA Loans: An In-Depth Review

CashNetUSA is the leading online payday lender in the United States. As well as payday loans, CashNetUSA is also a direct lender of installment loans and lines of credit. The application process takes a few minutes, and borrowers receive an instant lending decision. In some cases, money can be transferred by the next business day. […]