Have you not received your salary lately? Has your business been going through a rough patch due to seasonal change or did a machine breakdown bring work to a standstill? Seems like you could do with a quick-fix or in other a words, a payday loan. But where do you get it from?

If I am looking for a short-term loan I’d want instant approvals, lesser formalities and lower interest rates but does CashnetUSA really offer that? Are they a company you and I can trust?

We did the digging for you and below answer these and other burning questions related to CashnetUSA.

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What is CashnetUSA?


Before we move on here’s a brief about the company.

Incorporated in 2003, CashnetUSA is one of the most experienced lenders in the finance industry and claim to offer the fastest approvals (a must during a crisis).

With their HQ in Chicago, IL, they cater to about 30 states out of the total 50 in the USA. Now, let’s move on tot he part that brings you here.

How CashnetUSA Works?

With payday loans as their primary focus, CashnetUSA strives to ensure a simpler and easier loan approval method than with standard loans.

And the best part is that your previous rejections and average credit score don’t majorly impact the loan decision (though you’d still want those stats to look good).

“Payday loans are short-term loans that need to be paid back on the borrowers payday”.

The 5-6-minute application process requires you to fill general information like your name, address, Mobile No., email, Social Security number, and job profile.

But you’ll not have to wait for weeks to know about the Approval/Rejection decision as they are generally made within minutes. In case of approval, the amount is directly transferred to your bank via ACH on the next business day (yup, within 24 hrs).

While you can also apply via phone the application will still need to be completed online. The loan amount may vary from $200-$2500 depending on your state and financial conditions.

What Do I Need to Qualify for a Loan?

Here’s a list of documents you’ll need to apply for a loan

  • An open checking account
  • ID proof (driving license, Passport etc.)
  • Proof of Employment (Minimum 1-month employment and $1000 m/o salary)
  • Proof of US Citizenship
  • Must be 18 years or older

Really, that’s all you’ll be needing to apply for a loan, easy peasy isn’t it? Plus, as we have already mentioned your credit score has little to no bearing on the loan decision.

But you’d like to check out if your state is eligible for a loan as CashnetUSA loans are currently only available in the 30 states listed below.

  1. Alabama
  2. Alaska
  3. California
  4. Delaware
  5. Florida
  6. Hawaii
  7. Idaho
  8. Illinois
  9. Kansas
  10. Louisiana
  11. Maine
  12. Michigan
  13. Minnesota
  14. Mississippi
  15. Missouri
  16. Nevada
  17. New Mexico
  18. North Dakota
  19. Ohio
  20. Oklahoma
  21. Oregon
  22. Rhode Island
  23. South Carolina
  24. Tennessee
  25. Texas
  26. Utah
  27. Virginia
  28. Washington
  29. Wisconsin
  30. Wyoming

Are you currently unemployed? You’ll still be considered for a loan but only if you’re annual income is higher than or equal to $12,000.

What is the Interest Charged?

For an otherwise really good service, the interest rates are the only major drawback of CashNetUSA.

For every $100 borrowed the interest may vary from $10-$30. So let’s say you need a loan of $1000. You’d now have to pay an interest of around $100-$200.

The APR charged may vary from 207%-805% depending on your credit history, score, state laws etc. That means while a low credit score might still get you a loan you’ll likely be paying a higher interest rate (aaghhh, the curse of the low score strikes again).

How will the Repayment Work?

Want to pay back in installments? Then you can opt for CashnetUSA’s installment loans which will need you to pay on a fixed schedule.

But what if you can’t and need an extension of the set deadline? In most cases, extensions are granted at a higher interest rate but depending on your state laws you may not have to pay a dime extra.

You can also opt for an early payment and get a small refund of your loan fees. Just give their 24*7 customer service a call on 888-801-9075 and they will guide you through the process.

Why CashnetUSA?

Payday loan scams are rampant but CashnetUSA stands head and shoulder above the pack as a trustworthy loan source and their 17 years of experience speaks volumes about it. But that’s not all, with CashnetUSA you also enjoy the following benefits.

  • 24*7 Customer service with on the go answers to all your queries.
  • Customer care can be contacted via chat, email or telephone
  • Offers Loan in more states than other competitors i.e. 30
  • Approval/Rejection decisions are instant.
  • Approved loans are directly transferred to your bank pay within a mere 24 hrs.
  • Get a loan with even 0 credit
  • A transparent process means no hidden cost or interest is charged
  • Early repayment gets you a refund on loan fees.

The Downside of Using CashnetUSA

Like I mentioned above, while CashnetUSA stands leaps and bounds ahead of its competitors the high interest rates can often be a turn-off for many.

But there’a fix. Pay your loan early. Remember, Payday loans are risky business and non-payment can quickly result in a cycle of ever-increasing interest and charges irrespective of your lender. Know your rights and contract T&C well before making any deal.

In case you feel you’ve been cheated by CashnetUSA or any other payday service you can file a report with the Federal Trade Commission (FTC).

How to Spot a Payday Loan Scam

Once you’ve submitted the required details and papers for approval here’s what you need to watch out for.

If you receive a call requesting you to make over the top payment for a Green Dot MoneyPak or Vanilla prepaid card, well, hang up and file a complaint about it with the FTC. That’s because CashnetUSA doesn’t request a customer to make such payments under any circumstance.

But while it’s good to still good keep your eyes and ears open, over the years change of rules and regulation related to payday loans has helped curb such scams. This, in turn, has also made CashnetUSA a more reliable and fairer payday loan company.


Payday loans are the simplest short-term fix for an ongoing financial crisis and CashnetUSA is a viable source for such loans (the one you can trust).

Yup, their interest rates may seem exorbitant but quicker approvals, a good track record, their years of experience in the industry make them an ideal choice for anyone in need of a quick, hassle-free loan.