CashNetUSA Review

CashNetUSA Review

(10 customer reviews)
Loan Ammount
$100 - $3,500
Loan term
8 - 35 days for a payday loan of up to $500, Max 1 year for installment loans of up to $3,500
Min. credit score
Est. APR
391% for 14 day repayment period
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7/10 (Expert Score)
Product is rated as #17 in category Reviews on Payday Loans

CashNetUSA is a reliable direct lender that provides financial solutions for people in need of quick cash. The benefits of this lending company are that it works with applicants with not-so-perfect scores. Our honestCashNetUSA review determined that it's ideal for people rejected elsewhere.

The great news with CashNetUSA is they don't require lengthy paperwork. Plus, the entire procedure takes place online, without any in-person interviews. We highly encourage you to repay the loan on time and in full to avoid late payment fees. Also, curb your urges to extend the loan, as this may involve extra costs.

Customer Experience
  • No credit checks
  • No impact on credit scores
  • Quick approval
  • Exceptional customer service
  • Above-average interest rates
  • Not available nationwide
  • Variable fees and loan amounts
  • Short repayment periods
Editorial Note: This content is not provided or commissioned by any financial institution. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by the financial institution.

Company (Lender) Loan Amount Loan term Min. credit score Est. APR Funds available in
cashnetusa $100 – $3,500 8 – 35 Days for a payday loan of up to $500
Max 1 year for installment loans of up to $3,500
None 391% for 14 day repayment period Within 24 hours of application

What Is CashNetUSA, and Is It Legitimate?


CashNetUSA is a well-established online direct lender as of 2004 with more than three million clients so far. All these people have taken resort to their financial services and products to help them overcome money hardships.

Indeed, CashNetUSA is a legitimate lending company that specializes in installment and payday loans. Their customer service takes all your private information very seriously and protects your privacy. Another proof that Cash Net USA is not a scam is that it never requires paying money upfront.

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What Should You Know About CashNetUSA’s Personal Loans?

CashNetUSA is a direct lender that operates online and offers clients three types of loans. These include payday loans, installment loans, and lines of credit. Loan amounts for payday loans are generally lower and range from $100 to $500 with a repayment obligation with the next paystub. Alternatively, you can apply for installment loans that start from $100 and extend to sums of $3,500.

The amount you’ll eventually qualify for depends on the area you live in and your request. You may come across some obscene interest rates that exceed the threshold of reasonable APRs. Additional fees may apply depending on your place of residence, but there’s no early repayment fee on the plus side.

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What Are the CashNetUSA Rates?

Customers must be aware that with CashNetUSA loans, they’ll come across some unusually high annual percentage rates. Payday loans get customized to serve a short-term emergency, and the rates depend on the amount, the repayment period, and state requirements. Hence, a CashNetUSA payday loan may involve annual percentage rates ranging from 86.9% to extreme 1140.63%.

To illustrate, if you take out a loan in Wyoming for $1,500, you’ll pay a charge of $270.97 under a 28-day repayment period. If translated in an APR, this means 235.43%. Alternatively, if you take an installment loan in Ohio, the APR will range from 8% to 239%. The repayment term can stretch up to 12 months.

One of the most significant advantages of CashNetUSA is that your credit score won’t determine the rates. Instead, they check your financial past with a third party and make loan decisions based on your past lending habits and practices. Bear in mind that you’ll have to pay $15 in fees for loans up to $75. Expect to pay $25 for payday loans exceeding the amount of


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Am I Eligible to Apply?

To get considered for a CashNetUSA payday or installment loan, you must meet a few specific criteria. The same is valid for a line of credit. The following are mandatory:

  • To be over 18
  • To have a verifiable source of income
  • To earn at least $1,000 a month
  • To live legally in the US
  • To have a checking account on your name
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How Long Does It Take to Hear Back From CashNetUSA?

The application procedure will take about several minutes to complete. Their online platform is intuitive and helpful, so you should manage to fill it without any hassle.  Since CashNetUSA offers its service online, borrowers learn about the status of their application within minutes.

If the response is positive, funds get transferred to your bank account the next business day. More precisely, if you apply early in the morning before 10.30 a.m., you may receive the approved cash before the end of the day. In some cases or if you requested a Friday afternoon loan, you might have to wait for a couple of days. Yet, cash transfer delays mostly depend on the specific bank.

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Is CashNetUSA Right for You? Consider These Alternatives

You must understand that unless you’re in a challenging situation that requires urgent tacking, skipping high-interest CashNetUSA loans is a better option. Considering their installment loans and credit lines for non-emergency conditions will lead to wasting money down the drain.

  • LightStream – This lender requires no origination fee and is best for overall personal loans. APRs range from as low as 5.95% to 19.99%, but the lowest rate is only for excellent credit. A minimum credit score of 660 is obligatory to get considered for loans starting from $5,000.
  • SoFi – If you were looking for a home improvement loan, don’t hesitate to turn to SoFi. APRs vary from 5.99% up to 18.53% for the lowest credit scores approved, i.e., 680. Customers can apply for amounts from $5,000 up to $100,000 without origination fees.
  • LendingTree – A great alternative if you have good to excellent credit and need access to funds quickly. Loan amounts range from $1,000 to $50,000 and APRs start from 3.99%.
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Verified Clients’ Comments

The following comments are some of the most helpful and authentic from actual clients apart from our CashNet USA review:

I was very pleased with the quality and swiftness of service upon my first draw on my line of credit. It’s a simple and easy process. I would recommend it for anyone needing a bit more money for bills, etc.

Too high of interest rates even for established accounts in good standing.

Unfortunately, not everyone can get a loan, even with a job. Don’t get your hopes up. As nice as the people are helping you apply, be ready to be declined shortly after.

I applied in the morning and received approval within the hour. No hassles or fuss.

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Bottom Line

CashNetUSA is available in 29 states across the US, so you have to live within these areas to apply. If approved, payday or installment loans get deposited to your bank within 24 hours or even sooner. Though USA CashNet doesn’t run credit checks, it tailors specific financial solutions for bad scores. Yet, users must repay an installment loan or a line of credit within several months in most states.

If possible, consider more traditional lending methods with lower APRs and longer repayment terms. Avoid applying if you don’t qualify for the loan either, even though major credit bureaus receive no information on your loan transactions. To sum up, our overview alongside consumers’ CashNetUSA reviews recommend considering their high-interest-rate payday loans only as a last resort.

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Is CashNetUSA a payday loan?

Yes, CashNetUSA offers its clients online payday loans to bridge the gap until their next payday. Typically, the approved amounts of any payday loan are below $500 and require no collateral. Note that such loans are a short-term solution and involve high APRs that depend on the area you live in.

Does CashNetUSA help your credit?

CashNetUSA never reports your loan applications and transactions to the three major credit bureaus. Hence, there’s no chance your credit score gets impacted either way. USA Net Cash uses alternative methods to check your eligibility for any loan you’ve applied for with them. So, if you hold a lower-than-average FICO score and wish to rebuild your credit, your best shot for approval is here.

Does CashNetUSA call your employer?

When CashNetUSA approves the loan, they don’t call your employer. They also don’t check your credit history. However, if you default on your loan and don’t pay until the due date, they have rights reserved to reach your employer. In such a situation, your employer will probably get contacted by a collection agency.

How long does it take for CashNetUSA to deposit money?

The application process doesn’t take longer than several minutes. The entire procedure is online, and you receive feedback very quickly. Once approved, you’ll see the money deposited into your bank account as soon as the next business day.

Terms: CashNetUSA Review

Loan amount $100 - $3,500
Loan term 8 - 35 days for a payday loan of up to $500, Max 1 year for installment loans of up to $3,500
Min. credit score None
Funds available in Within 24 hours of application
Est. APR 391% for 14 day repayment period

Photos: CashNetUSA Review

10 reviews for CashNetUSA Review

3.8 out of 5
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  1. Stephen A

    I couldn’t get loan anywhere so I turn to Cash Net. Excellent service. My loan was approved within a day.

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  2. Anna L

    I got the loan very fast. But their fees are huge. I have to pay a lot of money to repay the loan. I think that they are a good solution when you need the money fast.

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  3. Larry B

    Cash Net USA is a good company. I applied online and I get the approval and the money the same day. Quality service and good customer care.

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  4. Brenda J

    They are not available in every state and they should be. This way we can not take the loan if we do not live in the state where they have their offices.

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  5. Justin P

    I am happy with their service. The huge fees are to be expected. They do not check your credit score and do not bother you with a thousand of documents.

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  6. Pamela S

    I was rejected and I don’t understand why. I don’t think they give a credit line to everyone.

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  7. Scott N

    I applied online. There were no checks and things like that. I got approved and that’s it. I had the money on my account next day.

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  8. Nicole B

    They have really excellent service. Fast application, fast approval everything goes without a fuss.

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  9. Brandon E

    You are right their APR is too high. When I saw heir fees I was surprised. But I needed cash fast and they approved my application. Next time I will go with another company.

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  10. Emma B

    Very good company offering fast service and I didn’t need to get any additional documents and proofs. Only that I have a steady income.

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