CashNetUSA Review 2023: Is It Legit? | (2023)

What are CashNetUSA fees, commissions and terms?

CashNetUSA offers its borrowers payday loans, installment loans and lines of credit - but the exact options will depend on your state. The amount of the loan, government regulations and the term of the loan will affect the total cost.

payday loans

Payday loan laws vary by state, but in most cases, for every $100 you borrow, you'll pay a finance fee. This means that the annual percentage rate (APR) will vary depending on when you need to repay the loan.

Look for:

EarthLoan amountAPRILcredit term
Alabama100 and 500 dollars228,13% i 638,75%10 to 28 days
Alaska100 and 500 dollars166,86% i 521,43%14 to 35 days
California100 and 255 dollars207,81% i 805,28%8 do 31 and
Florida100 and 500 dollars129,52% do 684,38%8 do 31 and
Hawaii100 and 500 dollars201,32% i 805,28%8 to 32 days
Maine100 and 300 dollars156,43% do 684,38%8 to 35 days
Michigan100 and 600 dollars150,34% do 712,21%8 do 31 and
Minnesota100 and 350 dollars90,38% do 547,5%8 to 30 days
Nevada100 US dollars and 1500 US dollarsLub25% of your gross monthly income260,71% do 1140,63%8 to 35 days
Dakota do Norte100 and 500 dollars243,33% i 486,67%15 to 30 days
Oklahoma100 and 500 dollars136,93% i 439,4%13 to 35 days
Oregon100 and 300 dollarsLub25% of your gross monthly income140,26% i 153,77%31 to 35 days
otok Rodos100 US dollars and 1500 US dollarsLub25% of your gross monthly income260,71% do 1140,63%8 to 35 days
TexasUp to $1,800Lub35% of your gross monthly incomeAbout 664.25%8 to 35 days
Wyoming100 US dollars and 1500 US dollars235,43% i 235,55%14 to 28 days

installment loans

Where you live determines how much you can borrow and how long you will have to repay the loan. The amounts are usually higher than with payday loans, and the repayment terms are longer. Your financial situation determines whether you can pay monthly or bi-monthly.

Look for:

EarthLoan amountAPRILloan conditions
DelawareUS$300 and US$3500129% do 449%6 to 24 months
Illinois250 USD i 2.400 USD205% i 415%112 to 180 days
Mississippi300 USD i 2500 USD249% i 299%5 to 12 months
New Mexico800 US dollars and 3500 US dollars129% i 175%12 to 24 months
OhioUS$300 and US$100085% do 239%4 to 12 months
Texas600 USD i 2500 USD303% do 579%Up to 180 days
WisconsinUS$300 and US$1000241% do 449%6 to 9 months

Credit lines

A line of credit allows you to borrow as much as you need and pay interest only on what you use. The minimum withdrawal amount is $50, and some states charge a transaction fee of 15% of the value of each withdrawal.

Look for:

Earthmaximum credit lineAPRIL
AlabamaUS$2000 and US$3000299%
Idaho100 US dollars and 3000 US dollars299%
Kansas100 US dollars and 3000 US dollars299%
Louisiana100 US dollars and 3000 US dollars299%
Missouri500 USD i 2.800 USD325%
Carolina do Sul650 USD i 2.800 USD325%
I held100 US dollars and 3000 US dollars275,85%
After100 US dollars and 3000 US dollars299%
Wisconsin1550 USD i 3000 USD299%

What is CashNetUSA and is it legal?

CashNetUSA is a legitimate lender with a standard privacy policy that describes how it shares your personal information for its own marketing purposes, daily business practices, and joint marketing activities with other financial companies. However, you can limit this sharing by visiting the websiteDeleteon their website or by calling their customer service number.

Their website and app also have SSL encryption to protect any information you enter online. Additionally, CashNetUSA has an entire page dedicated to understanding online safety and avoiding common scam tactics. If you have any questions, you can contact CashNetUSA via the customer service phone number or email address.

Why did the government take action against CashNetUSA?

In January 2015, the California Commissioner of Corporate Governance subpoenaed CashNetUSA for unscrupulous business practices that violated the California Financial Code.

Among the allegations against CashNetUSA are:

  • Charge illegally high interest rates
  • Withdraw more money from customer accounts than originally agreed
  • Illegal collection of missed payments and late fees under the extended payment plan
  • No license updates using your legal name
  • By not disclosing on its website that it has a Department of Business Oversight license

Therefore, CashNetUSA is prohibited from charging any interest or fees associated with the above offers. It was legal to recover the principal borrowed from the California customers.

Compare alternatives with CashNetUSA

Our chart includes payday loans, bridging services and alternatives similar to CashNetUSA.

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CashNetUSA reviews and complaints

BBB accreditationNO
BBB ratingB
BBB customer reviews1.11 out of 5 stars based on 80 customer reviews
BBB Customer Complaints245
Trustpilota result4.6 out of 5 based on 15,117 customer reviews
Customer reviews verified byFebruary 9, 2021

CashNetUSA gets mixed reviews on its Better Business Bureau (BBB) ​​website and on Trustpilot. Creditors are satisfied, praising its speed and ease of use. Negative reviews are focused on the high cost of the loan.

While these complaints are valid, keep in mind that payday loans tend to have high interest rates. Payday and installment loans are repaid over short periods of time — usually a few weeks to a few months — and you should expect to get back between $10 and $30 for every $100 you borrow.

Am I right?

To qualify for a CashNetUSA loan or line of credit, you must meet the following requirements:

  • active billing account
  • steady source of income
  • US citizen or permanent resident
  • At least 18 years old

Unlike traditional bank or credit union loans that rely on your creditworthiness, CashNetUSA looks at all aspects of your application, such as how long you've been employed and how often you get paid, to determine if you can afford the loan.

What information do I need to submit an application?

To complete your CashNetUSA application, you will need to provide some basic information, including:

  • date of birth
  • Social security number
  • State identification number
  • Details of your income
  • Your bank account details

How can I apply?

To get started, visit the CashNetUSA website. click onGo to the websiteon this page and the discount code will be filled in automatically. Fill out the form with your personal information and create an account on CashNetUSA. Here you can accept the terms of service, including the credit check.

You should receive a decision almost immediately after submitting your application. If approved, read the fine print in the loan agreement and in the frequently asked questions on the CashNetUSA website. Although payday loans can be a good way to cover emergency expenses, they are an expensive form of loan. You need to know the total cost to avoid additional charges for late or missed payments.

After signing the contract, funds will be deposited into your bank account on the same business day if approved by 10:30 am Polish time. Otherwise, your funds will usually be available within one to two business days.

What are my payment options?

You can pay off your loan online or by mail - just wait a few extra days to make sure it arrives on time. If CashNetUSA does not receive the check by 5:00 p.m. CT on time, you can earn late fees.

If you decide to pay online, enter your current account information and authorize the payment on the due date. CashNetUSA will automatically debit funds from your bank account when needed.

To change your bank information, please contact customer service by emailing your account or calling 888-801-9078 at least two days before your due date. You will also need to fax a copy of the canceled check or bank statement for this account - check drafts are not accepted.

I didn't get a loan. What can I do?

There are several reasons why you may not qualify for a loan. Depending on your income and employment history, CashNetUSA may have determined that you are unable to repay the loan at this time. You may not live in one of the supported countries.

Maybe you want toconsider other lenders who might approve youinstead of that.

What other products and services does CashNetUSA offer?

In addition to loans and lines of credit, CashNetUSA also offers two other services to its borrowers:

  • Savings program.CashNetUSA has partnered with other businesses to offer exclusive discounts on everything from tax refunds to dining out.
  • Knowledge of finance.By partnering with CashNetUSA, all borrowers have access to free online financial education courses and interactive tools to help you stay in control of your finances.

These vary by state, so check the CashNetUSA website to see what's available in your state.

Before signing the dotted linecompare all options, Includingother short-term lenders such as CashNetUSA.

Frequently asked questions

Our answers to frequently asked questions about CashNetUSA.

Will CashNetUSA improve my credit score?

NOT. CashNetUSA does not report payments to any of the three major credit bureaus. However, if you default on the loan and it is sold for collection, you may see your credit decline.

Can I extend or refinance the loan?

You can extend your payday loan if you live in one of the following countries:

  • Alabama
  • Alaska
  • Louisiana
  • Maine
  • Dakota do Norte
  • Nevada
  • Ohio
  • otok Rodos
  • Texas

If you meet the requirements, aAsk for an extensionbutton will appear on your account home page. Just keep in mind that refinancing is an expensive option that can lead to more debt.

Will I need to fax any documents?

In most cases, no. However, you may need to do this if you receive child support, disability benefits or are self-employed.

Ratings of short-term loans

★★★★★- Great

★★★★★- Bomba

★★★★★- Average

★★★★★- Below average

★★★★★- Slab

We review payday loan providers and similar services to help you eliminate predatory lenders and find a company you can trust. We rate suppliers on a scale of one to five stars. Our ratings are based on the factors that matter most to you, including: loan amount, application process, fees, customer reviews and borrower experience.

readcomplete methodology for evaluating short-term creditorsand similar services.


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