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Cash Net USA vs Large Cash Loans

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CASH NET USA

Cash Net USA started in 2004 and was later acquired by pay day loan powerhouse, Cash America. Cash Net USA provides loans in 30 States and loan types vary between payday loans and lines of credit depending on state requirements. The loan sizes typically run between $100 and $1,000 but may be larger for lines of credit.

The benefit of dealing with Cash Net USA is that applications received before until 9pm EST are funded the next business day. So for those in a serious cash crunch, Cash Net USA may help. Another benefit is that this company does not run a credit check from the three major reporting bureaus to determine eligibility. They do 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 payday loan from Cash Net USA is quick and easy. To start, customers must input contact details, employment information and bank account numbers. Approval occurs instantly at Cash Net USA. They anticipate that you'll pay your loan back at your next paycheck date, or longer depending on the type of loan issued.

Cash Net USA states they are a member of both the Better Business Bureau and CFSA member (a payday advance organization). However, 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.

Although Cash Net USA provides an easy way for you to apply for a payday loan, questions remain about their business practices. We hope they're able to make the necessary changes to become a more highly rated payday loan provider in the future.

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LARGE CASH LOANS

Large Cash Loans, like most of it's competition, touts an easy approval process with no application fees. In most cases the money can be deposited directly into the customer's account within 24 hours. However, they do not advertise "nothing to fax" like many other payday sites, and you may need to fax documentation. Their other pre-qualifications are pretty standard; must be a US citizen at least 18 years old, have an income of at least $1,000 per month, and have an active checking/savings account. As long as these criteria are met, and the loan application is complete, you should be able to get a payday loan/cash advance for up to $1,000.

Large Cash Loans provides a very comprehensive and informative site. For example, there is an entire section entitled "Resources". This section includes information on credit services, credit repair, debt consolidation, bankruptcy, credit cards, mortgages and insurance. Phone numbers and websites are provided for most of these services. Large Cash Loans seems to target a more international market, with references to services in the US, Canada and the UK.

Large Cash Loans also holds security in high regard. They explain at length the security and privacy measures they have taken to keep their customer's information confidential. In today's world of identify theft, this is reassuring to know. Customer Service is available through either a toll-free 1-800 number or by email.

The information provided on their website is helpful and they offer a high limit on loan amounts. We wish they posted their service fees online in a more accessible manner.

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Payday Loans

To help you find the Best Payday Loans, TopConsumerReviews.com provides you with an in-depth comparison of Cash Net USA and Large Cash Loans.

Payday loans 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 payday loan (a loan against a future paycheck) can provide the cash necessary to meet those needs.

The advantages of payday loans are many. Often they don't require a credit check from the major three credit bureaus. The best payday loans 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? Payday loans 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 payday loans 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, payday loans can provide a fast and easy solution. When evaluating different payday loans, there are certain factors you want to consider. Some of these include:

  • Loan Amount.  How much money do you need? A variety of loan amounts are offered by different lenders.
  • Service Fees.  Look for companies that state their fees up front or guarantee lowest fees.
  • Convenience.  Can your application be processed entirely online, or will you need to fax in documents? How quick will the money be deposited to you?

TopConsumerReviews.com has reviewed and ranked the best payday loans available today. We hope these reviews help you meet your short-term financial needs!



What to Look For in a Payday Loan

When searching for any type of loan, including payday loans, there are a number of factors to consider. Although fast cash payday loans are different in some respects, they are very much like any other loan in that convenience, cost and quick replies are essential. With that in mind, this article is designed to give you an accurate and detailed look at some of the factors to look for when choosing where to submit your application for payday loans.

  • Convenience. Can you apply online? If so, how long will the application process take? With the internet being so popular, many lenders now allow for fast and easy online applications, which also means quicker approvals. Due to the fact that payday loans focus less on credit history and more on your current ability to repay the debt, there is often a faster response, especially if your employment and income and easily verifiable.
  • Response Time. While considering payday loans, you should look at the average length of time for an approval and an estimate on how long it will be before you receive the cash advance. Payday loans are often referred to as a cash advance because, quite simply, they are a cash advance with your next paycheck being used as collateral.
  • Loan Fees. Every lender is different, but one thing remains virtually universal when it comes to payday loans. Almost every lender will impose a fee that is based on the amount of money that you borrow. In addition to the full amount of the loan being repaid, the fee must also be paid before the loan will be satisfied. It is crucial that you know exactly how much these fees are prior to applying for payday loans.
  • Loan Amount. Most payday loans are issued for an amount up to and including $1,500.00, but some may only lend up to $500.00. Available loan options, including the maximum loan amount, may differ from one lender to another. Prior to requesting payday loans, you should think about how much money you actually need and then look for a lender who can help you.
  • Reputation. One of the most important things that a company can have is its reputation, which is why it is important to research a payday lender as thoroughly as possible. It may be a good idea to research company both with the Better Business Bureau (BBB) and through reviews produced by independent, third-party reviews.

Payday loans offer quick cash for those who need it and, best of all, they are available almost immediately. These types of loans help those who may be faced with life's unexpected events, expenses or are just running short on cash and need a helping hand until the next paycheck rolls in. Whatever the reason, payday loans provide a valuable service and it's important to know what to look for and how to choose the right lender for you.

 



Payday Loans In The News

Digging out of Debt: Minnesotans tackle payday loans

FARGO N.D. -- Banks and churches are teaming up to get people in crisis out of payday loan debt. People in Minnesota are more prone to falling into this debt trap. In North Dakota, you can have up to $500-dollars in a payday loan. They put you on a ...

Published:  Mon, 04 Jun 2018 21:01:00 GMT



Payday loans not just a poor person's issue

A team of researchers led by faculty at the University of Georgia found that payday loan borrowers often come from middle- and higher-income households, not just poor or lower-earning populations. Mary Caplan, an assistant professor in the School of Social ...

Published:  Sat, 26 May 2018 18:00:00 GMT



Payday loans going before UARB

If you're short on cash and bills are piling up, a payday loan may be a solution. That's how Cash Money promotes its outlets online, but a financial adviser says there are better fixes. "They serve a small value but overall I can't support payday ...

Published:  Thu, 31 May 2018 13:18:00 GMT



Payday loan expansion bill rejected by Louisiana House committee

An effort to establish new payday lending options narrowly failed in a House committee Wednesday as legislators disagreed on the best way to serve consumers while protecting them from crippling debt and predatory lending. Senate Bill 365 by Sen. Rick Ward ...

Published:  Wed, 09 May 2018 23:50:00 GMT



Tougher payday loan rules to remain in place, for now

Tougher rules governing the payday lending industry, finalized during the last weeks of an Obama-era appointee who led the Consumer Financial Protection Bureau, will remain in place for now after Congress allowed a deadline to overrule them pass without ...

Published:  Thu, 17 May 2018 19:02:00 GMT



House GOP rolls out payday-loan regs; critics say they protect bad industry

Looking for compromise payday-lending reforms, a top House policy leader laid out a host of concepts Thursday, but admitted that finding agreement on interest rates and fees would be a challenge. Months ago, Speaker Cliff Rosenberger, R-Clarksville, handed ...

Published:  Thu, 22 Mar 2018 14:43:00 GMT



Dijkema: Banning payday loan shops isn't the solution

Mayor Jim Watson worries about a "glut" of payday loan shops in Ottawa, and wants to crack down on the number of outlets in the city. Coun. Mathieu Fleury suggests these supposedly short-term loans put vulnerable people in "even more challenging ...

Published:  Wed, 11 Apr 2018 17:00:00 GMT




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