When in need of quick cash, online lenders such as CashNetUSA can provide a quick and easy solution. But with so many lenders to choose from, it can be difficult to know which ones are legitimate and which ones may be scams. In this article, we will take an in-depth look at CashNetUSA to help you make an informed decision about whether or not this lender is the right choice for you.

What is CashNetUSA?
CashNetUSA is a direct lender based in Chicago, Illinois, that was established in 2009. The company provides payday loans, installment loans, and other types of personal loans to customers in eight states throughout America. With a simple and fast online application process, customers can get the cash they need quickly without having to go through a lengthy and difficult procedure.
How does CashNetUSA work?

CashNetUSA provides short-term financial solutions to customers in need of quick cash. To apply for a loan, all that is needed is a valid bank account, proof of income, and a valid ID. Once approved, funds are deposited directly into the customer’s bank account, typically within seven business days. Customers can then choose to pay back their loan over time with a series of payments or pay the loan off in full. CashNetUSA also offers a variety of repayment plans, so customers can find the option that best fits their needs.
Loan Amounts and Terms
CashNetUSA offers personal loan amounts that start at $300 and go up to $3,500. Installment loans offer a fixed Annual Percentage Rate (APR) that ranges from 89% APR up to 449% APR. Depending on the loan amount, you can choose repayment terms of up to 24 months, which makes it easy to manage your budget.
Qualifying for CashNetUSA
Individuals who have a credit score between 500 and 640 may qualify for CashNetUSA Personal Loans. The age requirement for this loan is 18 or above, whichever is higher according to state regulations. The company does not have a minimum annual income requirement. Even if an applicant is unemployed, they may still be eligible as long as they can demonstrate their ability to repay the loan.
U.S. citizens and permanent resident/green card holders are eligible to apply for the services offered by CashNetUSA Personal Loans.
To qualify, applicants may need to provide the following documentation:
- Applicants must have an active and valid personal checking account
- Recent pay stubs
- Driver’s license
- Proof of citizenship or residence permit
CashNetUSA BBB Reviews
At present, CashNetUSA has not been given any ratings or accreditation by the Better Business Bureau (BBB). Unfortunately, the company has recently come under fire due to reports of customers alleging fraudulent charges on their credit cards and frequent calls from the company. With an average of 78 customer reviews and 299 complaints in the past 3 years, customers have given CashNetUSA a 1 out of 5-star rating. It is clear that CashNetUSA must take action to address its customers’ concerns in order to improve its reputation.
Fees and Costs

The fees and costs associated with a CashNetUSA loan depend on the product, loan amount, and repayment terms you choose. Generally, CashNetUSA charges a loan origination fee that is typically between $10 and $30 for every $100 borrowed. In addition, CashNetUSA charges finance fees that range from $15.49 to $375 depending on the loan amount and repayment terms you select. The total cost of a CashNetUSA loan includes both the loan origination fee and the finance fees.
Are there any pre-payment penalties?
CashNetUSA does not charge any pre-payment penalties for its customers. This means that customers are free to pay off their loans whenever they wish without any additional fees or charges. This is a great benefit as it allows customers to pay off their loans early, which can help them save on interest and fees associated with their loans.
Does CashNetUSA affect your credit?
CashNetUSA does not directly affect your credit score, as they do not report to any credit agencies. However, if you are late in making payments or default on a loan, this could have a negative impact on your credit score. It is important to make sure to meet your loan obligations in a timely manner in order to maintain a positive credit score.
How to cancel CashNetUSA?
It is important to keep in mind that a personal loan cancellation is only possible before the loan amount is disbursed. This means that if the loan amount is already credited, it is not possible to reverse the loan application. Therefore, it is essential to be sure that taking out a loan is the right decision before applying for it. Once the loan amount is credited, you are responsible to pay it back with interest, so researching loan options and understanding the terms of the loan is important to make sure you are making the best decision.

FAQs
How fast can I get my money from CashNetUSA?
It typically approves or denies loan applications within 24 hours and disburses funds within 7 business days of approval. This means you could potentially get your money as soon as the next business day.
Does CashNetUSA offer loans to people with bad credit?
Yes, it provides loans to individuals with bad credit. However, the interest rates and fees associated with these loans may be higher than those offered to individuals with good credit.
How much money can I borrow from CashNetUSA?
It offers personal loans ranging from $300 to $3,500. The amount you are eligible to borrow depends on factors such as your creditworthiness and income.
What happens if I can’t repay my loan on time?
If you are unable to repay your loan on time, this lender offers a variety of repayment options, such as extensions or payment plans. However, failing to repay your loan could result in additional fees and negatively impact your credit score.
Is CashNetUSA a safe and secure lender?
It takes measures to ensure the safety and security of its customers’ personal and financial information. The company uses advanced encryption technology and maintains strict privacy policies to protect its customers’ data. However, it is important to always exercise caution when sharing personal information online.
Is CashNetUSA legit or a scam?
CashNetUSA is a short-term lending company that provides payday loans to consumers with bad credit and credit score difficulties. Services are available in 29 states, but the company has not yet been accredited by the Better Business Bureau (BBB). Recently, the company has come under fire due to reports of customers alleging fraudulent charges on their credit cards and frequent calls.
With an average of 78 customer reviews and 299 complaints in the past 3 years, customers have given CashNetUSA a 1 out of 5-star rating. It is clear that this company must take action to address its customers’ concerns in order to improve its reputation.
Before signing up with a personal loan lender, it is crucial to do your due diligence to make sure you select the right one. This means looking at customer reviews, checking the company’s history and credentials, and confirming that the services and loan conditions are clear and reliable. Taking time to review these criteria will guarantee that you end up with the best loan provider and loan agreement that suits your needs.
Conclusion
CashNetUSA is a direct lender that provides short-term loans to customers in need of quick cash. While the company has a fast and easy online application process, it has come under fire recently due to customers alleging fraudulent charges on their credit cards and frequent calls from the company. With an average of 78 customer reviews and 299 complaints in the past 3 years, customers have given CashNetUSA a 1 out of 5-star rating.
If you are considering taking out a loan with CashNetUSA, it is important to do your research and carefully evaluate the terms and conditions of the loan. Make sure to compare multiple lenders to find the best option that suits your needs and financial situation.
In addition, it is important to practice good financial habits to avoid getting into a cycle of debt. Create a budget, prioritize your bills, and make sure to pay your bills on time to maintain a positive credit score.
Overall, while CashNetUSA may be a legitimate option for those in need of quick cash, it is important to approach the company with caution and carefully evaluate all the options available to you.
CashNetUSA
CashNetUSA Review
CashNetUSA is a direct lender that provides short-term loans to customers in need of quick cash. While the company has a fast and easy online application process, it has come under fire recently due to customers alleging fraudulent charges on their credit cards and frequent calls from the company. With an average of 78 customer reviews and 299 complaints in the past 3 years, customers have given CashNetUSA a 1 out of 5-star rating.