About CashNetUSA

If you’ve found yourself in a financial emergency, you may have thought about taking out a loan through CashNetUSA, a lender that claims to provide short-term, small-principal payday loans and lines of credit. When compared to the competition, CashNetUSA claims that they can provide you with an instant approval and cash the next day, which is important during times of crisis.

But after everything is said and done, are the funds provided by CashNetUSA worth it? We deposited the facts, and here’s what we found out.

How CashNetUSA Works

While CashNetUSA.com provides lines of credit in some states, their primary product is payday loans, which are short-term, small-principal loans that are typically repaid quickly.

According to the CashNetUSA website, you can apply for your payday loan online, and can receive an instant decision via email, even if you have less-than-perfect credit, and even if you’ve been turned down by other lenders. In order to begin the 5-minute application process, you’ll need to provide your name, address, phone number, email address, DOB, Social Security number, and work details.

Once you’ve been approved, CashNetUSA claims they can send the funds to your bank via ACH the next business day, as long as your application is approved by 9pm CT. From there, most loans are then repaid in full on your next payday, although the company claims that they can extend your payoff date in some instances.

CashNetUSA.com Pricing & Refund Policy

What your CashNetUSA loan will ultimately cost depends largely on the amount borrowed, your credit score, and the state in which you live. However, with this in mind, fees are generally as follows:

  • Loan amounts range between $255 and $500.
  • Loan fees range between $10 and $45 per $100 borrowed.
  • APRs range between 205% and 800%.
  • Loan terms range between 2 weeks and 15 months.

Because CashNetUSA specializes in short-term loans, the full payoff amount will typically be due on your next scheduled pay day. However, according to the company’s website, you can pay your loan off early, which may provide a refund for a portion of your loan fees.

In order to process an early payoff or inquire about any other aspect of your loan, you’ll need to contact CashNetUSA’s 24/7 customer support at 888-801-9075.

What’s the Bottom Line About CashNetUSA?

Now that you know more about CashNetUSA, should you consider a payday loan from them if you find yourself in a financial emergency? Maybe, but keep the following in mind:

High Price for a Small Loan

Along with nearly al other payday lenders, CashNetUSA charges extremely high interest rates, on top of applicable loan fees. This means that you should avoid utilizing these types of lending services unless you have no other options. If you do take out a loan though, make sure you pay it off as quickly as possible.

Take the following as an example: If you live in Delaware and take out a $600 loan with a 388% APR and a 7-month repayment schedule, this means you will have paid a total of $1551, which means you’ll have paid more than $950 in interest. If you live in another state which charges an additional fee per $100 financed, your costs will be even higher.

Scammers Pretending to be CashNetUSA

As we mentioned in our recent ACE Cash Express review, there have been hundreds of instances of scammers pretending to be CashNetUSA who called individuals and told them they’re approved for a loan. However, customers will be asked to put money on a prepaid Green Dot MoneyPak or Vanilla card and send it over, which will often be accompanied by follow up requests for increasingly greater amounts of money. However, this is not a practice that CashNetUSA claims to adhere to, so if you receive one of these calls, hang up immediately and file a complaint with the FTC.

Online Customer Reputation

Overall, it appears that CashNetUSA has a mostly negative online customer reputation, with the most common complaints citing high-pressure sales calls and extremely high interest rates, which may end up costing you twice as much (or more) as your original loan amount.

Unwanted Sales Calls/Emails

According to CashNetUSA’s Privacy Policy, they may provide your information to advertisers, who will then contact you in an attempt to sell you their products and/or services.

Right Choice for You?

Between the extraordinarily high interest rates and low online customer reputation, it’s important that you fully weigh all your options before taking out a loan through any payday lender, including CashNetUSA.

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27 Consumer Reviews for CashNetUSA

Average Consumer Rating: 1.8
Rating Snapshot:
5 star: 4 4 star: 1 3 star: 1 2 star: 0 1 star:  21
Bottom Line: 19% would recommend it to a friend
Showing 1-11 of 27
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  • 2 out 2 people found this review helpful

    Scam artist

    I have been trying to get an installment loan online. I tried so many websites that I couldn't keep track. Later in the afternoon, I get an email from John Davis (CashNetUSA loan servicing), approved for $3000.00 with 10 percent. Awesome! They said they did not do business with my bank (Bank of America) and I needed to go to Walmart and send them $100.00 for some kind of authorization code. Then in 15 to 20 minutes, they would send the $3000.00. These people need to go back to their own country and scam their own people. They must think us Americans are STUPID. And no, I didn't fall for it.

    Bottom Line: No, I would not recommend this to a friend

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  • 1 out 1 people found this review helpful

    Stay away from this company!

    I have been hung up on many times when trying to get information as to why this company only takes out payments of interest and doesn't add this to principle. I closed my bank account and deleted them from sending me any more mail. I have had to change my phone number because of incessant calls. I'm done.

    Bottom Line: No, I would not recommend this to a friend

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  • 9 out 9 people found this review helpful

    I had a 3-minute message about somebody else's loan process on my voicemail

    I found myself in an emergency situation where I recently been diagnosed with a disease that is causing you be on short-term disability from work for 6 months. Anybody knows short-term disability does not pay you enough to live the life and pay your bills, so I was looking for a loan to try to help me get ahead while I tried to get my income back to what it was prior to me getting sick.

    I was sent a text message from CashNetUSA saying I was approved for a loan up to $10,000 and gave me a number to call. I called them and the guy that I spoke to was very rude, spoke broken English, and hung up on me. I then called back to ask to talk to his supervisor and he said he doesn't have a supervisor. I didn't trust him, especially after he said he was going to talk to his Finance department and call me back.

    I then received a voicemail that was three minutes long that was him talking to another person about their loan and their personal information that immediately sent up a red flag. I called back and asked to speak to his supervisor. He was once again told me he didn't have a supervisor and he said he needed me to hang up. I said, "no, I'm not going to hang up, I want to talk to your supervisor because I don't believe you're going to delete my information like you said, considering you left a three-minute voicemail on my phone with you talking to somebody else about their information." He then said, "how do I make you believe me?" I said, "you get me to your supervisor."

    He proceeded to deny that. I then finally just hung up and I'm not writing this review because this company is an absolute scam. Do not trust anything they say, keep track of the text messages, and report them to the Federal Trade Commission or wherever you needed to report them because they are absolutely fake.

    Bottom Line: No, I would not recommend this to a friend

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  • 12 out 12 people found this review helpful

    Fake company

    It started with a text message stating I was approved for a loan. So I called to inquire, and the foreign person who answered said his name was James Robinson. I told him I was calling about being a loan I was approved for. He asked who sent the messages, so I told him. Well, he pretended to be trying to reach the person, but they were unavailable. So he said he could help. He then went on about how I'm approved to get a loan between $3000 and $10000. So I said $3000.

    He then went into about me having to finish filling out an application, what my payment would be, and other details. He sent a link. I then proceeded to fill it out. After which I had to call him back. This app asked for all my login info to my account. Because of this I had got skeptical. I should have taken heed because he then came back and said because my credit score was low, I would then have to do a verification of funds by them depositing some money, and I would have to send it back at 7 am. Big red flag.

    I agreed to do it, but I let him know I didn't trust it. I had been scammed before like that. He said he understood and went about trying to ensure me it was legit. Not so. They deposited a check with the name of World Finance Corps, and my name was spelled wrong. I am just so glad my bank caught on to it. They accepted the deposit, but then they reversed it. Thank you Wells Fargo! Otherwise, I would have been out of the money.

    Well, needless to say, when I told them this they tried to tell me I had already withdrawn some money. I told them I didn't. He then threatened me with the police. I hung up. I then received a threatening text message. I responded with one telling him I was going to report this scam.

    Do not fall for this like I did. Take heed. I do not recommend this fake company to anyone.

    Bottom Line: No, I would not recommend this to a friend

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  • 17 out 19 people found this review helpful

    I almost made the biggest mistake of my life

    What I experienced applying for a loan from CashNetUSA never have I ever gone through what I went through with them. I was approved automatically for a $3,000 loan. Once they had all of my information I was then told that one of their requirements for this loan is that I had to have online banking which I did not.

    So I set up online banking then they told me they needed my ID username along with my password to my online banking account. It did not sound legit. Again, being my first time going through this type of process, I went ahead and gave them that information.

    Later this afternoon they contacted me and said because my credit score was on the low Fair, before they could actually send the $3,000 to my account they had to do a trial run so they said they had sent a deposit of $429 to my account.

    Once I saw that it was in my account I was to go to either Walgreens or CVS or Rite Aid and buy a money card and send that money back to them. Then within 10 minutes, they would deposit $3,000 into my account.

    That's when I realized I had almost screwed completely up. Now I have to run straight to my bank, sit down with a representative, explain the entire process, and ask my bank what is this a legit company or was it a scam.

    Once again they had all my information so my bank pulled up CashNetUSA on Google and it said that it's fraudulent company.

    Immediately, we closed my account and open a new account, changed all of my PIN numbers.

    Tomorrow I will be calling the Better Business Bureau and Reporting them. Several times, when I was dealing with CashNetUSA, their customer service reps used very bad language and told me “F” You and hung up on me as God is my witness.

    I almost made the biggest mistake of my life. Do NOT use this company or you can lose everything you've worked so hard for.

    Bottom Line: No, I would not recommend this to a friend

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    • Nov 21, 2017

      Lori Myers

      The real Cashnet is a perfectly good company. You got involved with a scammer that claimed to be Cashnet. Big difference!

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  • 11 out 11 people found this review helpful

    This place is BS

    I would like to know how these people just authorize loans without verifying identity. There was a loan pulled out with my info. This is crap, and I'm responsible to pay this joke back. The employees and address listed have not been valid for months!

    Bottom Line: No, I would not recommend this to a friend

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    • Oct 4, 2017

      Larry Allen

      Yeah, that CashNetUSA is a scam. This guy named Jack William is a robber. I got his number and I called the police on them because they took $120.00 from me and they don't wanna pay me back.

    • Nov 14, 2017

      Kate Murray

      Don't pay it back. They can't collect, so call the credit bureau and alert your bank or close your account. Ignore the harassment. I had to close my bank account and change my phone number, etc. This is a total scam!

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  • 21 out 24 people found this review helpful

    Scammers

    • Phoenix, AZ,
    • Aug 28, 2017
    • Verified Reviewer

    These people call claiming to be the real CashNet. They are from foreign countries and speak broken English. They are using "burner" numbers to call you on. I'm sure half of them have no idea where the location of the number is.

    I spoke with the one man who called himself William Smith (LOL). He stated they would give me a loan for $4K but they had to deposit $500 into my bank to make sure I was legit and I would have to put that in a Walmart gift card and send it to them (LOL). I was like "Yea, ok, so you are going to deposit a fake check to my account, I'm going to take out money send it to you and then be out $500?" He said no. Then he said it would be in my account in two hours. Well it wasn't so I called back, and he said they didn't do it because I couldn't be trusted! Yea, ok, uh, you got all my info, but I can't be trusted.

    Thankfully I knew this was a scam from the start. Do NOT use them. I got another call from another burner number, and this guy was Peter with the same agenda.

    Bottom Line: No, I would not recommend this to a friend

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    • Nov 21, 2017

      Lori Myers

      You weren't dealing with the real CashNet company. You shouldn't disparage the company just because a scammer fooled you.

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  • 37 out 41 people found this review helpful

    Do NOT take out ANY loan from CashNetUSA

    • Kansas City, MO,
    • Aug 24, 2017
    • Verified Reviewer

    I will never EVER use CashNetUSA again. I took out an Installment loan for $1,700, and my pay off is almost $5,000! I've called multiple times to speak to someone, and how they left it was, they would give me a call back.

    Someone finally called back and told me that my first three payments didn't even go to my installment loan! It went to "fees." When I asked her what the "fees" were, she couldn't tell me! My first three payments already totaled almost $600, and it didn't even go to my loan. I haven't missed a single payment, made early payments, and paid extra and still have over $2,000 left to pay.

    I understand it was my decision to take the loan, however NOWHERE did their website tell you there would be that high of an interest rate, that many fees to where it's not even affecting the loan, and how much the total loan will be, UNTIL you sign your documents. I also called to do a balance inquiry to see what my pay off would be one day and it was $1,300. I called again in about two weeks and it went up to $1,500! I've already paid over $2,000 to my loan that was $1,700, and the balance is still at $1,500? No one could tell me why my balance was fluctuating whatsoever.

    I will never, EVER use CashNetUSA again. I can't believe they get away with charging people that much. No matter what situation you're in, don't let them fool you into thinking it's a good idea to take a loan from them. I've learned my lesson.

    Bottom Line: No, I would not recommend this to a friend

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    • Oct 25, 2017

      Freda Fuller

      It's a ripoff! The same thing happened to me. I borrowed the money early in September, and within the month they debited my account three times. Each time the balance kept going up. Just like you mentioned that it all went to fees. Are you kidding me? Just sue me, I'm done!

    • Nov 21, 2017

      Lori Myers

      If you told them you were paid weekly, then that's when they expect a payment. It's a payday loan, see? You always have the option to pay it off or continue to pay fees.

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  • 14 out 28 people found this review helpful

    I'm so glad they were there

    • Waynesboro, TN,
    • Jul 25, 2017
    • Verified Reviewer

    I had received a letter in the mail about CashNetUSA and was really skeptical about it. I called and talked to them, and still wasn't sure. A few days later I received another letter. This time I did call to talk to them. They asked a few questions, and I got approved for the money. They told me that my money would be in my account the next business day and it was in my account by 9 am.

    I am so glad I did business with them. I would totally recommend it to all my friends and family. It was fast and easy. Nice people. Thank you CashNetUSA for being there when we need you.

    Bottom Line: Yes, I would recommend this to a friend

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  • 18 out 22 people found this review helpful

    Not even worth one star

    The CashNetUSA representative I had was rude and wouldn't answer any of my questions. Big waste of time and personal information put into it. He couldn't answer when asked what happens to my personal information, couldn't answer it. They make you fill out an app then have you call to ask the same questions?! They get into your bank account details and then tell you due to your account activities we can't approve. Umm, that's the reason I'm seeking a loan to pay my bills.

    Bottom Line: No, I would not recommend this to a friend

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  • 20 out 23 people found this review helpful

    This company is no good!

    They never sent me the money, and now they won't answer the phone. Plus, my bank doesn't see the money deposited in my account. So does CashNet think they are going to get my hardworking money? Heck no because I'm going to my police about this criminal company!

    Bottom Line: No, I would not recommend this to a friend

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