Cash Net USA
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2004 CashNetUSA opened its doors and has quickly become one of the most popular and trustworthy online payday loan leaders. In 2006, CashNetUSA was acquired by Cash America International, Inc. They are a member of the Better Business Bureau (BBB) and Community Financial Services Association of America (CFSA),. Today, they offer services in over 30 U.S. states and growing. CashNetUSA headquarter is located in Chicago, IL and has more than 500+ employees across the USA.
Quick Facts of CashNetUSA:
- Great Reputation & Long History
- Better Business Bureau(BBB) A Rated
- 24/7 customer support, phone and live chat
- covers 31 states
- direct lender
- Bad Credit OK
- Faxless Application
Ease of Use and Application Process:
CashNetUSA has a nice looking well organized website which is easy to understand and navigate. CashNetUSA provides enormous amount of information on their website site from articles to a complete disclosure of their fees. In order to apply for a loan applicant has to fill out easy 3 steps application:
- In Step 1 applicant has to provide personal information, contact information and verification information
- In Step 2 loan details, employment and income information and bank account information is required
- In Step 3 applicant needs to verify all provided information and sign the contract.
Obtaining a payday loan from Cash Net USA is quick and the online loan application process takes only 5 minutes to complete. Clients loans are approved instantly, and cash will be deposited directly next day. Clients with poor credit or no credit can also obtain a loan from Cash Net USA. Every step of the loan process is done online, so the is no need to fill out paperwork or send faxes.
CashNetUSA uses Verisign encryption certificate to protect transferred personal information provided by applicant. McAfee is daily testing this website to help protect users from identity theft, viruses, spyware and other online threats.
Cost of Loan:
Their annual percentage rate (APR) varies depending on the amount borrowed and the repayment schedule agreed. The total cost of fees and interest charged will be approximately $5 to $25 for every $100 you borrow.
CashNetUSA has a great customer support. Customer service by phone is available from Monday through Sunday, they also have live chat, 24/7 email support and forum to answer any questions customers might have. They do not hold back any information, they try to give all the information you’ll need before this important decision is made.
CashNetUSA has a long history in online payday lending. They offer many contact methods and host a secure site, so every customer can be confident that this is high quality service provider. They are a direct lender and their service might not be available in your state but they are working with vast list of third-party lenders to meet every applicant needs.
If you’re looking for a short term loan, what they call in the industry a ‘payday loan’, one of the best companies that we have seen is called CashNetUSA. There are a number of factors that make CashNetUSA stand out from the crowd.
The first is that, unlike many payday loan service providers, CashNetUSA discloses practically everything that you need to know about their terms and conditions before you even start to fill in the loan application. They tell you their fees, their rates and their services clearly and precisely and they do it up front. We found this very refreshing.
Their website is also very well organized. Not only do they disclose all the pertinent info that you’ll need to make a decision about their services but the application form itself is easy to follow and easy to fill-out. They also post a complete list of all the States where they do business as well as a phone number to the Department of Financial Institution of each State so that, if you wish, you can call to see if they have had any complaints. Again, this is very refreshing and almost unheard of in the industry.
They also have one of the best encryption systems on the net to protect your valuable information, something that these days has become very important indeed.
One slight drawback that we did encounter is that CashNetUSA charges $25.00 for every $100.00 borrowed. This is a bit above average for this type of loan although certainly not the highest we’ve encountered. You should check your State to see if the rate is less.
Finally, unlike many payday loan service companies CashNetUSA provided its customers with a veritable smorgasbord of communication tools. From live-chat to telephone and email support there are plenty of ways to get in touch with them if you have questions or need assistance in any way.
This fact, and the fact that they are completely above-board with all the pertinent information a customer will need to make an informed decision, allow us to say that CashNetUSA is one of the best payday loan service companies on the internet today and we recommend them highly.