Honest Loans vs Cash Net USA
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Honest Loans vs Cash Net USA
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Honest Loans provides connections between prospective borrowers and a network of partner lenders. Their application process only has two steps, but you'll be required to enter detailed personal information, including your bank routing number and account number.
We were glad to see that Honest Loans is very, well, honest when it comes to disclosing interest rates: their partners are likely to charge anywhere from 200% to 2,290% (yes, that is two thousand two hundred and ninety percent) APR. Full terms and fees are only available once you are matched with a prospective lender.
Honest Loans also has a higher lending amount, up to $2,500, than many of the services we reviewed. Of course, this depends on your personal situation, including your credit history, employment status, and so on.
Unfortunately, we were not able to find further information as to Honest Loan's history or track record with respect to customer satisfaction. We would definitely like to see customer testimonials, reviews on independent websites, or a rating with the Better Business Bureau, in order to know if they are successful with connecting borrowers with reputable sources of payday loans.
You should also know that you are not eligible for a payday loan from Honest Loans if you are a resident of one of the following states: Arkansas, Arizona, Connecticut, Georgia, Maryland, Massachusetts, New Jersey, New York, North Carolina, Ohio, Oregon, Pennsylvania, Vermont, Virginia, Washington D.C., and West Virginia.
We give Honest Loans good marks, which would easily improve with a more established reputation for good customer service.
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.
To help you find the Best Payday Loans, TopConsumerReviews.com provides you with an in-depth comparison of Honest Loans and Cash Net USA.
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:
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.
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
You have an important bill to pay and not enough money to pay for it. A payday loan might be the solution to your problem if you don't mind paying very high interest rates. It's not uncommon for payda...
Published: Thu, 16 Aug 2018 01:33:00 GMT
Even in a strong economy, many Americans live paycheck to paycheck. Forty percent don't have $400 to cover an emergency expense, such as a car repair. And many working class people turn to payday loan...
Published: Sun, 19 Aug 2018 17:35:00 GMT
Looking to fix a failed 2008 law and address what are among the highest rates in the nation for small-dollar loans, the Ohio Senate convened a rare summer session Tuesday and passed new payday lending ...
Published: Tue, 10 Jul 2018 10:59:00 GMT
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. Mar...
Published: Sat, 26 May 2018 10:13:00 GMT
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 ...
Published: Thu, 31 May 2018 04:45:00 GMT
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