About lender
CashUSA is a loan company that specializes in finding customers appropriate lenders that offer tribal installment loans, lines of credit, and peer-to-peer lending to customers. The platform works with a large network of lenders that offers one of the best loans with highly competitive interest rates, loan amounts, and loan terms.
With the help of CashUSA, customers can get personal loans for various financial goals, such as the need to consolidate debt, remodel the home, or take a vacation. CashUSA's mission consists of helping customers to get a secured loan of up to $10,000 in just one day.
Nevertheless, the company is not Better Business Bureau (BBB) accredited and has a "B" rating.
CashUSA nowadays is situated in Las Vegas.
Pros and cons
Pros
The company has a highly effective security system, protecting clients' personal information using 256-bit SSL encryption.
Unlike many other lenders, customers are not required to disclose their credit scores during loan applications with CashUSA.
CashUSA has an applicable 'Education Center' section that provides customers with useful tips on budgeting their debt and earnings.
CashUSA has long loan terms of up to 72 months, which is rather high compared to traditional banking solutions and will be suitable for customers needing a bigger loan term.
High loan amounts. Approved loan amounts range from $500 to $10,000, depending on the location.
CashUSA charges no fees to complete and submit the online form on their website.
CashUSA's network of lenders offers unsecured personal loans that do not demand any collateral.
The company can set up automatic payments for a customer to avoid damage to the credit score and late payment fees.
The company does not have many eligibility criteria like other lenders do.
Cons
The company has a limited loan amount starting from $500 and going up to $10,000.
The company provides no direct loans, unlike its competitors in the loan sphere.
CasUSA might share your information with third-party advertisers. So, the customer's personal data is not fully secure.
The company charges an origination fee for its services, which may be rather high compared to other loan companies.
The interest rate may be rather high, going up to 36% annual percentage rate (APR). That is much higher than other loan companies offer.
The company is not accredited by the Better Business Bureau (BBB) and has a "B" rating.
CashUSA does not reveal the fees or penalties the lenders will charge you. The company may accrue late fees, application fees, prepayment penalties, and returned payment fees.
Unlike many lenders, the company does not have a wide choice of financial services, so customers won't be able to get some type of loan with that company.
Conclusion
Taking into consideration all pros and cons of CashUSA, it is a legit and trustworthy company that provides great personal loans for customers with bad credit scores. Nevertheless, customers must consider all alternative lenders before applying, as the net of lenders that partner with the company may charge very high fees and interest rates.
Terms and conditions
CashUSA allows customers to get a loan amount of up to $10,000, while the base loan amount is $500. The APR on a personal loan usually varies. Nevertheless, typical rates range from 5.99% to 35.99% and have loan terms between 90 days to 72 months. Note that the specific loan terms may differ depending on the client's financial situation.
Funding a loan
After signing the contract, the funding usually takes one business day to transfer funds directly to the customer's bank account. That's much faster than traditional banking institutions do, and that's one of the main reasons many people with poor credit seek CashUSA's personal installment loans. Hence, funding will be transferred the same day or the next business day, depending on the particular lenders the client works with.
