Features

Last updated on Aug 22 2016

CashNetUsa is the flagship brand of Enova International, Cash America's internet division. Cash America is the largest payday chain in the world. CashNetUSA was one of the first licensed short-term online lenders and provides a wide selection of credit solutions to borrowers with poor to bad credit, including installment loans, lines of credit and payday loans.

How Does It Work?

The products available vary depending on state laws. In some states, such as Kansas, the only product available is a line of credit that only charges interest (APR of 299%) on your outstanding balance plus a transaction fee. In states where installment loans and payday loans are available you can have the cash in your bank account the next business day.

What Are The Interest Rates?

Interest rates vary by state and depend on the loan amount and the type of loan you apply for. The range of interests goes from 187.33% to 912.5%. The maximum APR is for an 8-day loan in Mississippi, which has a $20 finance charge for every $100 you borrow. The maximum term, 18 months, is for an installment loan. Payday loans have terms of 8 to 35 days, depending on the state you live in and when your next payday falls.

How Much Money Can I Borrow?

Loan amounts vary by state. In some states the maximum loan amount is a percentage of your monthly income. For instance, in Rhode Island the maximum loan amount is 20% of your monthly income or $1,500, whichever is less. The maximum personal loan amount is $3,600, which is only available in California.

What Is the Application Process Like?

The application process is entirely online and it only takes a few minutes to get a reply. As is the case with most payday lenders, CashNetUSA does not base eligibility on your credit score. Nevertheless, you may not qualify for loans if you have defaulted on past transactions.

How Is It Better Than Other Payday Loans?

The main features of CashNetUSA are volume of loans, number of states where it operates and flexible eligibility criteria. Pretty much everybody with a job and a bank account qualifies for a loan. The obvious catch is the high cost of loans: an APR of up to 912.5%!.

  • Advance Fee APR
    31.94% - 435.19%
  • Desired Loan Amount
    $100 - $2250
  • No Credit Check
  • Min Monthly Income
    $1000
  • No Other Outstanding Loans
  • Direct Deposit
  • Instant Decision
  • Online Application
SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Reviews

Write a Review

Sort by:

  • Rating
  • Date
  • Most Useful

0 votes

How many hours do it take for the money to be deposited into my account I did this last night anybody can tell me please


0 votes

I never faced any problem with the company. Over all good at least. One more company for loans: http://www.************.com


0 votes

Excellent working with the online chat. Easy experience and great customer service. I had bills due and this site gave me the money I needed fast and easy I love cashnetusa for sure!


0 votes

If anyone doubts which company is the best, try CASHNETUSA. I've never experienced faster service, great personnel & true to their word business in this industry. They have increased my limit after only 9 months with them. Wish they offered more products in Maryland & a higher credit limit - but if you DON'T want to get scammed or ripped off: USE CASHNETUSA. I am an honest & hardworking individual who just wanted to find relief financially without any scare tactics or games.


0 votes

I had a lot if issues on my end and the representative took her time to walk me through everything and even took care of doing most of it for me. Very helpful, I made it difficult, They made the process simple


0 votes

Every time I have needed anything or any adjustments to be made all of the customer service agents have been wonderful. Very knowledgeable and caring even through a simple chat.


0 votes

CNUSA has amazing customer service. I always speak to a rep via chat and they handle everything speedy! They are very polite and helpful! I would use again.


0 votes

no half star? They deserve zero stars

Obviously you are a bit desperate if you do a payday loan, but they then take full advantage of these desperate people.

One example: you take a $1k loan and offer to pay it off in half the time (7 days out of the 14 or so time it's due). How much discount does that get you? TWO DOLLARS. Most of their fees are flat rate fees, so the second you take a loan, you are obligated to pay about 20% guaranteed.

Another ... example. They sometimes push through debit charges to your bank account 1-2 days early from when you say your pay date is.

They are heartless, thieving bastards, and they deserve a slow painful death.
More Less


0 votes

I applied for a loan here over a year ago, and never took the money. It doesnt stop them from harrasing me and tellling me that somehow I have defaulted on a loan that I never recieved. I dont know how these people sleep at night screwing people over for no reason.


0 votes

I needed a quick payday loan because I had overdrafted my account from some annual payments that usually wipe me out for a couple weeks every year. I get a payday loan just about once a year for this purpose. I went to cashnet usa to help and they denied my request due to my payday loan history. I always pay them back on time


0 votes

My bank denied me a loan, so I went to a few payday loan companies. I got the best response from cahnet. I got a quick loan very easily with minimal information or time invested. Now I can buy a fridge. Sounds lame to get a loan for some cold food, but it is what it is


0 votes

I was unaware that if my husband defaulted on a loan five years ago, that he would be put onto a list of defaulters linked to his address. I tried to take a loan out in my own name and it was denied because of the shared address. Thanks dear, now I'm screwed!


0 votes

I was endorsed for $3500 and I could pay in 36 months. At that point I needed to pay protection in light of the fact that I have a low financial assessment. Then they needed an additional tax on top of that. In what manner can these individuals escape with this? When I said I needed to drop my contract and I needed my cash back they said no.


0 votes

A few years back, I co-signed a loan for a friend. I have not thought about that person in quite some time. I did recently though when my loan denial from cashnet was regarding this idiot ex friend of mine not making one payment on the co-signed loan. I feel like I should have been notified earlier


0 votes

I went to CashNet USA because I have poor credit and needed a quick loan that I could pay off fast. The application was super simple and the people there were fairly knowledgeable and helpful. I paid it off as quickly as possible, but I still ended up paying for one and half times the loan amount. If you don't desperately need the money, don't get a payday loan from NetCash USA.


0 votes

My son recently moved home for the summer from college, and I had downsized since ha was here last. I neded a storage unit and didnt realize how much they were these days. I am paying for the climate of my indoor unit? Whatever. I took out a loan through CashNet USA and paid for three months, now, I just have to worry about paying this loan off


0 votes

I applied for a loan at cashnet before I saw all these reviews. I got approved, so I guess its so far better than most. I got a very small short term loan that I can obviously pay back given my income. I hope nothing goes wrong, but as long as I follow the terms I dont see how it could


0 votes

I recently got a short term loan with Cash Net USA because I looked into loans that werent based on your credit. My credit sucks due to some hospital stays and I have a minimum wage job that doesnt afford the astronomical costs of health care. I got the loan cleared the same day. I am not happy with my 118% interest rate, but I know thats pretty standard for a loan of this type.


0 votes

I was recently awarded a settlement check for a small civil lawsuit, and desperately needed the money. I learned that it sometimes takes a lot longer than expected to actually have the check materialize, so I went to cashnet usa to supplement my waiting time. I got approved and can sleep a little better till payday


0 votes

I signed my daughter up for some summer swim lessons, cause she loves going in the ocean, but it makes me nervous with her current swimming skills. I had to pay in full up front, and apparently fish lessons are expensive. Got the amount I needed to get her started. All the poor reviews make me a little nervous though. We will see how it goes


0 votes

I have read a few reviews about Cash Net USA sending harrassing emails and phone calls about non existant loans... I took a loan out with this company about 8 months ago, and couldnt even get a response from customer service about my existing loan most of the time. I wish they would send me a email, or call me back sometime. Other than lack of communication, I'm good with my experience here.


New Review for CashNetUSA

In category:  

Rate your experience:

Cancel