Background
CashNetUSA is a leading online lender specializing in short-term financial solutions for consumers who need fast access to cash. The company offers a range of products, including payday loans, installment loans, and lines of credit, targeting individuals who may not qualify for traditional bank loans due to credit challenges or urgent financial needs. CashNetUSA is a subsidiary of Enova International, a publicly traded financial services company based in Chicago, Illinois.
History
Founded in 2004, CashNetUSA quickly became one of the most recognizable names in the online lending industry. The company has processed millions of loan applications and has expanded its product offerings and service areas over the years. As part of Enova International, CashNetUSA benefits from advanced technology, data analytics, and a strong compliance framework, helping it adapt to changing regulations and customer needs.
Types of Loans and Fees Charged
Loan Types: CashNetUSA offers payday loans, installment loans, and lines of credit. The availability of each product depends on the applicant’s state of residence.
Loan Amounts: Loan amounts vary by state and product type, typically ranging from $100 to $3,500.
Repayment Terms:
Payday Loans: Usually due in full on the borrower’s next payday, typically within two to four weeks.
Installment Loans: Repaid in fixed payments over several months, with terms ranging from 3 to 24 months depending on state regulations.
Lines of Credit: Flexible borrowing with minimum monthly payments based on the outstanding balance.
Interest Rates (APR): APRs and fees vary widely by state and loan type. Payday loans often have higher APRs, while installment loans and lines of credit may have lower rates but can still be significantly higher than traditional loans.
Fees: Fees depend on the type of loan and state laws. Common fees include finance charges, late payment fees, and returned payment fees. All fees and terms are disclosed during the application process.
Locations
Headquarters: 175 W. Jackson Blvd., Suite 1000, Chicago, IL 60604.
Operations: CashNetUSA operates exclusively online, allowing customers to apply from anywhere within eligible states.
States Where Loans Are Offered and Not Offered
Available States: CashNetUSA offers products in multiple states, but availability varies based on state regulations. The company does not operate in every state.
Unavailable States: States where CashNetUSA does not offer loans typically include those with strict lending regulations or rate caps. Applicants can check eligibility by entering their state on the CashNetUSA website during the application process.
How to Contact CashNetUSA
Postal Mail: CashNetUSA, 175 W. Jackson Blvd., Suite 1000, Chicago, IL 60604.
Email: [email protected].
Customer Support Phone: 1-888-801-9075.
Operating Hours:
Monday–Friday: 7 AM – 8 PM CT
Saturday–Sunday: 8 AM – 5 PM CT.
