Compare a wide variety of options from a lender that's upfront about the cost.
CashNetUSA offers payday loans, installment loans and lines of credit to borrowers with bad credit. You could potentially qualify for same-day funding, and unlike many other lenders, CashNetUSA is upfront about how much you'll pay. But the cost is still high — and your options will depend on your state.
You should compare multiple lenders before making a final decision.
finder.com's rating: 4.1 / 5.0
★★★★★
Bottom line: CashNetUSA is one of the few online lenders that offers payday loans on the same day you apply. But like short-term option, it's an expensive choice that could lead to more future debt. Read our full review.
| Product Name | CashNetUSA Loan |
| Min. Amount | $100 |
| Max. Amount | $3,000 |
| Loan Term | Varies by state |
| Loan Security | Unsecured |
| Turnaround Time | As fast as same business day |
| Costs | Varies by state |
| Requirements | Regular source of income, bank account, US citizen or permanent resident, age of majority in your state |
| Phone number | 888-801-9075 |
| Customer service hours | 7 a.m. – 10 p.m. CT, Monday through Friday 8:30 a.m. – 5 p.m. CT, Saturdays 10 a.m. – 6:30 p.m. CT, Sundays |
| @CashNetUSA | |
| @CashNetUSA |
Payday loan laws vary by state, but in most cases, you will pay a finance charge for every $100 you borrow. This means your annual percentage rate (APR) will change depending on when you have to pay back your loan.
| State | Loan amount | APR | Loan term |
|---|---|---|---|
| Alabama | $100 to $500 | 228.13% to 638.75% | 10 to 28 days |
| Alaska | $100 to $500 | 166.86% to 521.43% | 14 to 35 days |
| California | $100 to $255 | 207.81% to 805.28% | 8 to 31 days |
| Florida | $100 to $500 | 129.52% to 684.38% | 8 to 31 days |
| Hawaii | $100 to $500 | 201.32% to 805.28% | 8 to 32 days |
| Maine | $100 to $300 | 156.43% to 684.38% | 8 to 35 days |
| Michigan | $100 to $600 | 150.34% to 712.21% | 8 to 31 days |
| Minnesota | $100 to $350 | 90.38% to 547.5% | 8 to 30 days |
| Nevada | $100 to $1,500 or 25% of your gross monthly income | 260.71% to 1140.63% | 8 to 35 days |
| North Dakota | $100 to $500 | 243.33% to 486.67% | 15 to 30 days |
| Oklahoma | $100 to $500 | 136.93% to 439.4% | 13 to 35 days |
| Oregon | $100 to $300 or 25% of your gross monthly income | 140.26% to 153.77% | 31 to 35 days |
| Rhode Island | $100 to $1,500 or 25% of your gross monthly income | 260.71% to 1140.63% | 8 to 35 days |
| Texas | Up to $1,800 or 35% of your gross monthly income | Around 664.25% | 8 to 35 days |
| Wyoming | $100 to $1,500 | 235.43% to 235.55% | 14 to 28 days |
Where you live determines how much you can apply for and how long you have to pay back the loan. The amounts are usually larger than a payday loan, and the repayment terms are longer. Your financial situation determines if you have the option to make monthly or bimonthly payments.
| State | Loan amount | APRs | Loan terms |
|---|---|---|---|
| Delaware | $300 to $3,500 | 129% to 449% | 6 to 24 months |
| Illinois | $250 to $2,400 | 205% to 415% | 112 to 180 days |
| Mississippi | $300 to $2,500 | 249% to 299% | 5 to 12 months |
| New Mexico | $800 to $3,500 | 129% to 175% | 12 to 24 months |
| Ohio | $300 to $1,000 | 85% to 239% | 4 to 12 months |
| Texas | $600 to $2,500 | 303% to 579% | Up to 180 days |
| Wisconsin | $300 to $1,000 | 241% to 449% | 6 to 9 months |
A line of credit allows you to borrow as much as you need and only pay interest on what you’ve used. There is a minimum $50 draw, and some states have a transaction fee of 15% of each draw amount.
| State | Maximum credit line | APR |
|---|---|---|
| Alabama | $2,000 to $3,000 | 299% |
| Idaho | $100 to $3,000 | 299% |
| Kansas | $100 to $3,000 | 299% |
| Louisiana | $100 to $3,000 | 299% |
| Missouri | $500 to $2,800 | 325% |
| South Carolina | $650 to $2,800 | 325% |
| Tennessee | $100 to $3,000 | 275.85% |
| Utah | $100 to $3,000 | 299% |
| Wisconsin | $1,550 to $3,000 | 299% |
CashNetUSA is a legit lender with an industry-standard privacy policy that outlines how it shares your personal information for its own marketing purposes, everyday business practices and joint marketing efforts with other financial companies. However, you can limit this sharing by visiting the Opt out page on its website or by calling its customer service number.
Its website and application also features SSL encryption to protect any information you enter online. In addition, 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 their customer service phone number or email address.
In January 2015, the Commissioner of Business Oversight in the State of California cited CashNetUSA for unscrupulous business practices that violated the California Financial Code.
Among the charges filed against CashNetUSA include:
As a result, CashNetUSA was forbidden from collecting any interest or fees related to the above citations. It was only legally allowed to collect on the principal amount its California customers borrowed.
Our table has payday loans, connection services and alternatives similar to CashNetUSA.
The Finder Score crunches 3+ types of short-term loans across 65+ lenders. It takes into account the product's interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate - this gives you a simple score out of 10.
To provide a Score, we compare like-for-like loans. So if you're comparing the best short-term loans for all credit types, you can see how each short-term loan stacks up against other short-term loans with the same borrower type, rate type and repayment type.
| BBB accredited | No |
|---|---|
| BBB rating | B |
| BBB customer reviews | 1.11 out of 5 stars, based on 80 customer reviews |
| BBB customer complaints | 245 |
| Trustpilot score | 4.6 out of 5, based on 15,117 customer reviews |
| Customer reviews verified as of | 09 February 2021 |
To qualify for a loan or line of credit from CashNetUSA, you need to meet the following requirements:
Unlike traditional loans from banks or credit unions that rely on your credit score, CashNetUSA looks at all the aspects of your application, such as how long you’ve been employed and how frequently you get paid, to determine if you can afford a loan.
To get started, visit the CashNetUSA website. Click the Go to site button on this page and a discount code will automatically be filled for you. Fill out the application with a few personal details and create an account with CashNetUSA. From here, you can agree to its terms of service, including a credit check. You should receive a decision almost immediately after submitting your application. If approved, read the fine print listed on your loan contract and in the FAQs on CashNetUSA’s website. While payday loans can be a good way to afford emergency expenses, they’re an expensive form of credit. You should know the full cost so you can be sure to avoid any extra charges for late or missed payments.
Once you sign your contract, you’ll have your funds deposited into your bank account as soon as the same business day if approved by 10:30 a.m. CT. If not, your funds should generally be available within one to two business days.
You can repay your loan online or by mail — just give yourself a few extra days to make sure it gets there in time. If CashNetUSA doesn’t receive the check by 5 p.m. CT on your due date, you might incur late fees. If you choose to pay online, enter your checking account information and authorize it to make a withdrawal on the date your payment is due. CashNetUSA will automatically withdraw the funds from your bank account on the due date.
To make changes to your banking information, contact customer service by emailing through your account or calling 888-801-9078 at least two days before your payment is due. You’ll also need to fax a copy of either a voided check or a bank statement from that account — it doesn’t accept starter checks.
There are a number of reasons you might not have qualified for a loan. Depending on your income and employment history, CashNetUSA may have determined that you couldn’t afford to borrow at this point in time. Or you might not have resided in one of its serviced states.
You may want to consider other lenders that may approve you instead.
In addition to its loans and lines of credit, CashNetUSA also offers two other services for its borrowers:
These vary by state, so check CashNetUSA’s website to see what’s available where you live.
Before you sign the dotted line, compare all of your options, including other short-term lenders like CashNetUSA.
Our answers to common questions about CashNetUSA.
No. CashNetUSA doesn’t report payments to any of the three major credit bureaus. However, if you default on a loan and it is sold to collections, you may see a drop in your credit.
You may be able to extend your payday loan if you’re a resident of on of these states:
If you’re eligible, a Request extension button will appear on the homepage of your account. Just keep in mind that refinancing is an expensive option that could lead to taking on more debt.
In most cases, no. But you might have to if you receive alimony, disability benefits or are self-employed.
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Kellye Finder
Writer
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Jhez Finder
May 14, 2019
Hi Penny,
Thank you for your comment.
I understand that you want to reschedule the repayment. Please be advised that you have reached Finder and not CashNetUSA directly. We recommend that you please contact them so they can check if the repayment can be rescheduled for you.
Regards,
Jhezelyn
Tootie
September 26, 2017
Why do you have to give your bank id number and password to your online banking to get a loan for 28 months
Harold Finder
September 26, 2017
Hi Tootie,
Thank you for your inquiry.
While we do not represent any company that we feature on our pages, we can offer you a general information. Generally, payday lenders ask for your Internet banking details because it gives them a way to access your statements. This is one way payday lenders are able to process your application much faster than banks. Instead of you emailing your bank statements from the past three months, the lender can access them instantly.
To protect your information, legitimate lenders either provide only portals for you to log in directly to your bank and approve viewing access or ask for your bank account numbers. If a lender asks for your username and password directly, it could be a scam.
CashNetUSA will only ask for your bank account numbers during the initial application. After you’ve signed a loan agreement, it may require you to log in through a portal in order to verify your bank information.
I hope this information has helped.
Cheers,
Harold
Terry
September 25, 2017
How do I refinance my loan?
Anndy Finder
September 25, 2017
Hi Terry,
Thanks for your question.
We do have a guide and a list of refinance personal loans. I highly recommend you read through that page to learn more about your options.
Cheers,
Anndy
lilia
September 14, 2017
Can i apply for a loan if i recieve ssi
Ash
September 15, 2017
Hi Lilia,
Thanks for contacting us.
Yes, you can still apply for a personal loan even if you are under a Supplemental Security Income (SSI) benefit. See our list of pensioner loans to compare your options.
I hope this helps.
Cheers,
Ash
Sherri
August 13, 2017
Do you give loans to military and there dependents?
Harold Finder
August 13, 2017
Hi Sherri,
Thank you for your inquiry.
USAA is part of unique group of financial institutions with a mission to help US military members and their families with more favorable financial products, including banking accounts, credit cards, investment advice and loans to its members. You may want to consider the available options here. http://bit.ly/2w2cZcU
I hope this information has helped.
Cheers,
Harold
Penny
May 13, 2019
My payment is due on Thursday. I have to reschedule for 30th because I got overdrawn.