Information
About Lender
CashNetUSA is the largest online lender for fast loans. Get online loans from multiple loan offers for free and in seconds. Get independent and personal loans and qualify for the best loan offers with the best terms. Plus get free phone advice from independent credit experts from CashNetUSA on request. Loan amounts vary by state or where you live. Loan terms are 6-12 months. CashNetUSA was founded in 2004 by CEO AI Goldstein. It is a subsidiary of Enova International, Inc.
Key Features
Fast Funding. CashNetUSA says they fund in as little as 1 business day.
Easy Application. Simple online application process with fast decision and easy to understand terms.
Flexible Payments. Bi-weekly or monthly payments.
Bad Credit OK. CashNetUSA accepts bad credit. Good for those who can’t qualify for a traditional loan.
No Hidden Fees. CashNetUSA says they don’t charge hidden fees or prepayment penalties.
Secure Online. Encryption technology to keep your personal and financial info safe and secure.
Nationwide. CashNetUSA is available in many states across the US.
Pros and Cons
Pros
Cons
Reliability
How to Apply for a CashNetUSA Loan?
Visit the Website. Go to the CashNetUSA website and select the loan product.
Apply. Fill out the online application.
Alternative Check. If bad credit, CashNetUSA may do an alternative check.
Get Notified. If approved you’ll get an email notification.
Upload Documents. In some cases proof of income is required; upload documents to your account, or via email or fax. Uploading is recommended for faster processing.
Conditions and Requirements
Conditions
Requirements
Ways to Receive the Money
Products
Other Personal Loans
Reasons for Loan Refusal
CashNetUSA checks credit score on all loan applications to make sure you can afford the payments. High denial rate may also apply for bad credit and low income customers. These are general guidelines of a lender’s risk assessment of a particular individual. It’s always best to have a steady income and good credit score to increase chances of approval. Also make sure to provide accurate and verifiable information during the application process.
How to Repay a CashNetUSA Loan?
CashNetUSA allows online payment by logging into your account and making a payment using your debit card or bank account information. You can also make a payment using your debit card on CashNetUSA website or by bank transfer, transferring funds from your bank to CashNetUSA. You can choose automatic payment where loan payments are deducted from your bank account on due date. CashNetUSA also accepts check or money order payment mailed to their payment processing center. Payments must be received by 5 pm CT on each due date, in U.S. dollars on a U.S. financial institution made out to CashNetUSA, and include your CashNetUSA account number on the memo line. Mailing address for check payments is: CashNetUSA, PO Box 206739, Dallas, TX 75320-6739.
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Rise Credit
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.
OneMain Financial
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Universal Credit
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.
Editorial Opinion
CashNetUSA as a major online lender in the US has its pros and cons. The company founded in 2004 has built a reputation for fast funding and easy online application. Flexibility in repayment options and accepting bad credit borrowers makes it a good option for those in need of short term financial solutions. The platform is secure, transparent in fees and available nationwide. They also have educational initiatives to promote financial literacy which shows they want their customers to be informed. But there’s no getting around the high interest rates, sometimes as high as 805.28%. Those rates can trap unsuspecting borrowers in a debt cycle if they can’t pay on time. Limited availability in some states and short loan terms also makes the platform less appealing to some. While CashNetUSA serves a purpose in providing quick cash, borrowers must be aware of all terms and be cautious. The true cost of borrowing especially over a long term can be heavy and one must consider if the immediate financial relief is worth the repayment cost.
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
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.
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.
Carefully review all the terms and conditions of your payday loan contract.
Thoroughly examine the interest rates on payday loans and ensure that your contract includes a detailed breakdown of the total cost of the loan.
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.
Choosing a payday lender is a significant decision that demands careful consideration and a good understanding of how such organizations operate.
Additional Resources
- Full CashNetUSA Account Review
- How to Apply for a CashNetUSA Loan
- How to Repay a CashNetUSA Loan
- CashNetUSA Mobile App
- CashNetUSA Reviews
- All CashNetUSA Coupons and Promo for June 2025
- CashNetUSA Loans for June 2025
