CashNetUSA Review: Is it Payday Loan Advance Scam or Not?

This blog is supported by sponsors.

What is CashNetUsa?

CashnetUSA is an online financial institution providing lines of credit and payday loans. CashNet is a subsidiary of Enova International, Inc.; a publicly traded company on the New York Stock Exchange., currently based in 175 West Jackson Chicago, IL went online in 2004, spearheaded by founder and CEO Al Goldstein.

How Does CashnetUSA Work?

All you need to do is apply for a payday loan through their website, and they will notify you via email if they can trust you with their money. They can lend you cash even if other lending institutions shut their door on you. They just need five minutes of your time to complete the application process on their website. You will need your basic details including your social security number and employment details.

What Are The CashNetUSA Fees?

The amount you qualify for will depend on where you live, your credit score and the amount you need. The state you live in also counts as much. Their pricing policy is as follows.
• Loans range from $255 to highs of $500
• Fees range from 4 cents to 10 cents on the dollar
• The Annual Percentage Rate (APR) ranges from 205% and 800%
• Repayment period ranges from 2 weeks up to 60 weeks.

CashnetUSA Features

Quick Application
The application process is quite simple; all they require from you is your name, your best email address, an active checking account, and your Social Security number. You will also need to have a valid driver’s license, be at least 18 years old, and be a US Citizen or on permanent residence. You will also have to prove you have been under employment for at least one month.
Instant Decision
A notification email will be sent to your mail immediately you complete the application process.

Next Day Cash
If your application is approved, and all the information you provided checks out, you can get a loan the next day.
Repayment Period
Depending on the amount of loan on offer, CashnetUSA’s repayment period is between 6 and 18 months. You can repay the loan gradually before the slated period ends.

What Do We Like About CashNetUSA?

It is fast!
Provided you meet their requirements that border on the stringent, they will give you a lifeline before the landlord kicks you out. The funding period is within 24 hours, and depending on your memory and typing speed, you can complete the application process within five minutes.
Positive BBB Rating.
At the time of this review they are rated A- with the Better Business Bureau, with a composite score of 3.49 out of 5 based on 18 customer reviews.

CashNetUSA Complaints

Their interest rates are ceiling high. Example if you live in California and you take a six-month, $500 payday loan with an APR of 323% you will pay $1671 after the six months. Three times as much!
Poor Customer Service
A good number of customers complained of snappy customer care agents, who will shrivel your session with them and dismiss you with wall-street financial jargons.
Frequent sales calls and emails
Once you give them your contact information, you qualify for a call and email at own discretion. Some customers have complained of getting irritable calls every week, and emails on a daily basis. They call to offer you cash that you do not need, with crafty offers, discounts, and sales pitches.

So Can You Trust CashNetUSA?

The good news is that with CashnetUSA, you will get cash fast and easy. The bad news is that you will probably need more than one job to offset the payday loan if you don't pay it back quickly. The loans are expensive, to say the least. But that is the nature of payday loans and to CashNetUSA's credit they make it clear this should be used as a short term solution.

Now you know where you stand with CashnetUSA. We would love to hear what you think in the comments section below!

CashNetUSA Review
  • Our Overall Rating
  • Support
  • Quality


CashNetUSA is actually a legitimate PayDay Loan company with positive ratings. However their customer service and some of their marketing practices can be annoying.

User Rating 0 (0 votes)
Comments Rating 4 (1 review)


  1. Brendon March 28, 2017
    • Eddy with a y March 28, 2017
  2. John March 29, 2017
    • Eddy with a y March 29, 2017
  3. Katya March 29, 2017
    • Eddy with a y March 29, 2017
  4. Geek Hibrid March 29, 2017
    • Eddy with a y March 29, 2017
  5. Geek Hibrid March 29, 2017
  6. Jen March 29, 2017
    • Eddy with a y March 30, 2017
  7. andrejs March 30, 2017
    • Eddy with a y March 30, 2017
  8. Daniel March 30, 2017
    • Eddy with a y March 31, 2017

Leave a Reply