CashNetUSA online payday loans may be your last, best choice for bad credit loans
Here’s the situation: You need to come up with a couple hundred dollars quickly to pay some bills, but payday is still a week away and it can’t wait until then. What do you do?
If you don’t have a rich uncle that can lend you a few bucks, your only immediate option might be a payday loan. Online payday lenders usually offer same-day approval and the money is deposited in your bank account the next day.
I’ve come to the point of screaming against payday loans on the blog and much more prefer peer-to-peer lenders for even bad credit loans…but sometimes you just don’t have an option.
If your credit score is below 520 FICO, even some of the lenders on our Ultimate List of P2P Sites might not be able to help you.
CashNetUSA is one of the largest online cash advance lenders and a good option when nobody else will lend you money. Payday loans are notorious for charging high interest rates and add-on fees that can make a $600 loan quickly balloon in size if you don’t immediately pay it off but CashNetUSA seems to be one of the few to charge affordable rates.
Pros of CashNetUSA
- Instant lending decision made within minutes
- Next day money deposit
- Don’t have to drive to a local payday lender
- Interest rates and fees start at 260% APR
- Not available in every state
What is CashNetUSA?
CashNetUSA is a legit online-only payday loan lender. They currently offer loans in 38 states the sites if you’re at least 18 years old and have worked with your current employer for at least one month.
You might be familiar with your local brick-and-mortar payday lenders like Check Advance and Advance America. Using CashNetUSA can be a more convenient option because you can apply online from the comfort of your own home in five minutes or less and they deposit the money in your bank account the next business day.
Where interest rates at most payday lenders approach 500% when you add up all the fees, rates at CashNetUSA are about half as much.
Who Can Make Use of CashNetUSA?
If you’re facing financial problems that have struck you all so suddenly and unexpectedly, then CashNetUSA must be right in time. When you are short of money for emergency expenses, CashNetUSA can provide you a short-term loan. As per loaner’s experience, it’s far better than getting a title loan because title loans require a collateral like your car or any property title, and can be relatively scary because of course, just the thought of it creeps you out. It means the lender can repossess your property if you can’t pay the amount at a given time frame prior to the loan agreement.
Also, it’s not that hard to apply. As long as you are a U.S. citizen or a permanent resident with clear source of income and a checking account, you can apply for it. The best part is that if CashNetUSA is able to verify your financial background as fast as possible, they can give you the amount of funds you’re borrowing on that same day of application. So it would be better to prepare all necessary requirements beforehand.
CashNetUSA Flex Loan
The only loan offered by CashNetUSA is the Flex Loan, which is just a fancy name for a payday loan.
- 18 years old
- Must be a U.S. citizen or permanent resident
- Verifiable, steady income stream