Enova International, a direct lender based in Chicago, Illinois, and established in 2009, provides CashNetUSA personal loans to customers in 8 states throughout America. The company advertises its services at cashnetusa.com.
CashNetUSA Summary
When considering a personal loan, it is important to research your options. CashNetUSA is a popular option, but is it the right choice for you? To figure out if they are a good lender, you need to know what services they offer. This article provides an in-depth review of their offerings, so you can make a confident decision about whether or not CashNetUSA is the right choice for your loan needs.
We have now completed an extensive examination of the company’s website and rules. Here are some important findings we uncovered.
- Personal loan amounts start at $300 and go up to $3,500.
- Installment loans offer a fixed APR that ranges from 89% APR up to 449% APR.
- It offers loans with terms of up to 24 months.
- Loans will typically approve (or deny) an application within 24 hours and fund loans within 7 business days of approval.
What is CashNetUSA?
CashNetUSA is an established financial services provider that provides payday loans, installment loans, and other kinds of personal loans over the internet. With a fast and simple online application process, customers can get their cash quickly without having to undergo a lengthy and difficult procedure. This company has been in operation for more than 19 years and its base of operations is situated in Chicago, IL.
At present, CashNetUSA has not been given any ratings or accreditation by the Better Business Bureau (BBB). Moreover, they are currently under scrutiny due to customers alleging fraudulent charges on their credit cards, as well as reports of frequent calls from the company. The company has had an average of 78 customer reviews and 299 complaints in the last 3 years, resulting in customers giving them a 1 out of 5-star rating.
How does CashNetUSA work?

CashNetUSA is an online lender that provides short-term financial solutions to customers in need of quick cash. It is easy to apply for a loan with CashNetUSA; 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.
How to qualify 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
CashNetUSA has not yet 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.
Here are some reviews:
Dorothy T 01/28/2023
Jessica P 01/28/2023
Jane B 01/23/2023
CashNetUSA FAQs
How much does CashNetUSA charge?
Loan amounts 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.
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 with CashNetUSA?
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.
How 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 critical 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.

Are you struggling to make ends meet? Here are some helpful tips to get you back on track.
Are you feeling overwhelmed by financial woes? Worried about the future? It can be difficult to make ends meet and stay on top of bills. But take heart – there are some practical steps you can take to get your finances back on track.
Start by evaluating your current situation. Take a look at your budget and figure out where you can cut back. Maybe you can reduce or eliminate some non-essential expenses – like dining out, subscriptions, or entertainment. You may also consider looking for ways to increase your income. Can you find a side job or pick up extra hours at your current job?
When it comes to bills, prioritize your payments. Pay for essential needs like rent, utilities, and food first. Then focus on paying off any high-interest debt as soon as possible. Consider balance transfers or consolidation loans to help make payments more manageable.
It’s also important to practice good financial habits. Make sure to pay your bills on time and keep your spending in check. Setting up automatic payments can help make sure you don’t miss a deadline. Consider setting up a budgeting app to help track your spending.
Finally, don’t be afraid to ask for help. Reach out to family, friends, or a financial counselor for advice. There are also plenty of organizations out there that offer assistance to those in need.
Making ends meet can be a struggle. But with a little bit of effort and the right strategies, you can get your finances back on track.
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 CashNetUSA 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.
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