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Monday, June 21st
Cash Net USA started in 2004 and was later acquired by pay day loan powerhouse, Cash America. Cash Net USA provides cash advances in 30 States. The loan amounts typically run between $100 and $1,000.
The benefit of dealing with Cash Net USA is that cash advance applications received before until 9pm EST are funded the next business day. So for those in serious need of some extra money, Cash Net USA may help. Another positive is that this company doesn't run a credit check to determine eligibility. They only ask that an applicant be at least 18 years of age, have been employed for at least 1 month, be a U.S. citizen or permanent resident, and have an open checking account.
The process of applying for a cash advance from Cash Net USA is quick and easy. Customers must first input contact details, employment information, and bank account numbers. Cash advance approval occurs instantly at Cash Net USA. They typically anticipate that you'll pay back your loan at your next paycheck date.
Although Cash Net USA states they're a member of both the Better Business Bureau and CFSA member (a payday advance organization), in our research we found that they currently have an F rating with the BBB. In 2015 they also received an order from the Commissioner of Business Oversight of the State of California, forfeiting all charges due to violations with the California Financial Code.
Cash Net USA provides an easy way for you to apply for a cash advance, and quick funding of your loan. However, questions remain about their business practices. We hope they're able to make the necessary changes to become a more highly rated cash advance provider in the future.
Cash advances provide a much-needed service to millions of people. There are many times when short-term debts outrun the ability to pay. In times like this, a cash advance (a loan against a future paycheck) can provide the cash necessary to meet those needs.
The advantages of cash advances are many. Often they don't require a credit check from the major three credit bureaus. The best cash advances offer amounts that can range from a few hundred dollars to $1,000. And you receive your loan very quickly; sometimes as soon as tomorrow.
Drawbacks? Cash advances typically charge service fees that are greater than traditional loans. These service fees can range from $10 to $30 per $100 loaned, and sometimes even more. Many states have regulations stipulating the amount of service fees that can be charged. Obviously, the best cash advances are meant to address quick cash needs, and should not be used as a long-term solution.
Still, in order to meet short-term obligations, cash advances can provide a fast and easy solution. When evaluating different cash advances, there are certain factors you want to consider. Some of these include:
TopConsumerReviews.com has reviewed and ranked the best cash advances available today. We hope these reviews help you meet your short-term financial needs!
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