What Is CashUSA?
CashUSA is a great option if you are looking for a personal loan of up to $10,000 and want multiple competing lender offers to get the best possible rates.
CashUSA are able to provide customers with multiple offers from their network of banks and lenders.
While CashUSA is not an actual lender, they do provide the platform for its lenders and customers to come together to get the best deals.
They offer traditional personal loans, personal installment loans, and peer-to-peer loans which may be funded from individuals or companies.
They have a good reputation for introducing customers to multiple lenders who compete for your loan by offering the best APR rates possible.
How Does CashUSA Work?
Submitting a request for a loan through CashUSA follows much the same process as applying for a loan through a direct lender.
First, you must fill out a loan request form, which you can find on the CashUSA website. To access the request form, you must first provide a few bits of information about yourself, including your zip code, birth year, and the last four digits of your Social Security number.
Once you click “get started” you’ll be taken to the full online loan request form, which will ask for additional information, including your email address, military status, and how much you want to borrow.
The second part of the form asks for more detailed information, such as the name of your employer, your income, your driver’s license number, and banking info.
Once you submit the form with all your information, CashUSA will distribute it among its network of lenders, who can decide if they want to make you a loan offer based on their internal lending requirements.
If a lender offers you a loan, you will go to that lender’s contract page. This lets you review the loan amount, terms and rates.
If you decide to pursue a loan offer, you might need to provide additional information based on the lender’s specific requirements. If approved, CashUSA states that most borrowers will receive their funds within one day of approval.
- Suitable for borrowers with bad credit
- Network of lenders from all 50 states
- No application fee
- Easy application and quick approval
- Transparent loan terms
- Excellent customer support
- Education resources
- Secure & reliable platform
- Not a direct lender
- The maximum loan amount is $10,000
CashUSA Full Details
Loan Amounts : $500 – $10,000
Loan Term : 90 days – 72 months
APR Range : 5.99% – 35.99%
Min. Credit Score : Not specified
Fees : No fees
Funding Time : 1 business day
Years in Business : N/A
BBB Rating : Not accredited
Min. Revenue : $1,000 per month
Availability : Varies
CashUSA Availanle Loan Purpose Options
|Auto purchase||Rent or mortgage|
|Home improvement||Major purchase|
Why Use CashUSA.com?
The process is pretty straightforward, but you still might be wondering what benefits you get from working with a service like CashUSA.com as opposed to just doing it all yourself. Here are some of the points that I liked most about working with CashUSA.com:
- Fast loan request processing
Unlike applying through a traditional bank, when you work with CashUSA.com, your online request form is processed quickly. In fact, your loan request can be sent out to lenders instantly. Compared to the weeks that it can take for an application to go through bank bureaucracy, that’s pretty impressive.
- Secure site
Another aspect that many people have expressed interest in knowing about is the security of online loan forms, so I’ll touch on that now. It is absolutely vital for a borrower to only go with a lending portal that has secure and safe platforms. CashUSA.com uses the most advanced encryption technology to keep all of your information safe and private. Additionally, the site runs tests on a daily basis to ensure that the system remains secure and that there are no security leaks.
- Auto pay and online payments
One of the features I liked the most about the lenders in CashUSA.com network was the convenience of making payments. You can make all of your monthly payments directly online. No mailing checks or relying on the postal service, and no late fees because a payment got lost or delayed in the mail. Additionally, the lenders in CashUSA.com’s network lets you set up autopayments for even more convenience. With this feature, you’ll never have to think about making your monthly loan payments ever again. Each month on the designated day, your bank will automatically send out the loan payment to your lender’s account. This is a fool-proof way to keep your loan repayments in good standing (and building your credit incidentally).
- Bad credit
Most importantly, CashUSA.com doesn’t limit its services to excellent credit. It works with people who have the worst credit scores, too. You won’t be turned down just because of poor credit, and that’s a major advantage for those who’ve been rejected already.
Who Is CashUSA Best For?
As is the case with many payday loans or quick loans, CashUSA personal loans are best for people that are strapped for cash, cannot get it through conventional means, and need to borrow money online instantly.
While people with a more conventional personal credit score can use their borrowing capacity to cover short-term financial needs, people with a less-than-desirable personal credit record have nowhere to turn for long-term loans.
CashUSA offers loans that are designed to give customers ready access to working capital and those funds can be used for anything.
The platform has helped a heap of borrowers in the United States to find the financial solutions that they needed, so you can turn to them to help connect you to the best available lenders.
How Much Does CashUSA Cost?
It’s free to submit a request for a loan through the CashUSA website. This means you can get access to an entire network of lenders without paying anything.
When it comes to the actual loan, the fees and rates you’ll pay are determined by the third party lender. Your repayment terms, including the interest rate and monthly payment, will depend on your creditworthiness and the lender’s requirements.
Who Is Eligible for a CashUSA Loan?
Each lender in the CashUSA has its own requirements for qualifying for a loan. However, CashUSA also has some basic requirements for all borrowers.
o submit a request for a loan through the CashUSA marketplace, you must meet the following criteria:
- Have your own checking account
- Be a U.S. citizen or a permanent resident
- Have an email address and phone number
- Have a minimum $1,000 monthly income
How to get CashUSA Loan?
If you can fulfil all the requirements for CashUSA Loan. Follow below process to apply for CashUSA Loan.
How To Apply For A Personal Loan With CashUSA?
Rather than having to shop around and reach out to individual lenders, with CashUSA you submit one application and let different lenders compete for your business.
The loan application process with CashUSA is straightforward and intuitive as many CashUSA customer reviews say. You are asked to enter basic information to kick off your application.
Step 1: Enter your loan details and personal information.
The credit type varies from poor (below 500) to excellent (720+). If you don’t know what your credit score is, there are websites that offer free credit reports.
Step 2: Enter your contact, employment, and identity verification information.
Step 3: Enter your bank account information.
At the end of the application process, you will also be asked questions that may help your loan get approved.
The lenders whose loan criteria match yours will connect with you and send their loan offers. They are then able to provide you with a loan preapproval within minutes once they have gathered additional client information.
CashUSA does not charge you per application submitted via their system. Provided that for some reason your application is rejected on your first try, you can still fill out and send a new one at no cost.
10 Ways to Use a CashUSA Loan
One of the advantages of getting a personal loan is there are generally no restrictions on how you can use the money. Here are 10 common reasons why people need personal loans.
- Consolidate debt
- Pay for a wedding
- Finance a big purchase
- Down payment on a new house
- Medical bills
- Home improvement projects
- Moving expenses
- Pay for vacation
- College tuition
- Launch a new business
While the loan request form asks your reason for submitting a request for a loan, CashUSA says this won’t have any impact on whether lenders decide to approve you.
CashUSA is just one option among many when it comes to getting a short-term personal loan. If you need a loan for bad credit, here are three alternatives to consider.
Earnin is an app and a payday loan alternative that effectively lets you borrow from yourself by tapping into your paycheck ahead of time. There are no fees to use the app, and you can borrow up to $100.
With no credit checks, it’s easy to get approved for a short-term loan with Earnin. On the downside, you’re required to connect the app to your bank account.
PersonalLoans.com is a loan marketplace that gives borrowers access to a variety of lenders offering loans between $500 and $35,000. Interest rates vary from 5.99% to 35.99% and repayment terms can last between 90 days and 72 months.
3. Bad Credit Loans
In business since 1998, Bad Credit Loans is a well-established loan marketplace that connects borrowers with lenders that specialize in loans for people with bad credit. Interest rates start at 5.99% and can go as high as 35.99%.
Depending on their eligibility, borrowers can get a loan for anywhere between $500 and $10,000. Repayment terms vary between three and 72 months.
CashUSA Customer Service
Customers can conveniently submit their loan request right from the CashUSA website. To get in touch with staff directly, customers can do so via email, online contact form, phone, and post. Although the company doesn’t offer 24/7 service, the support team will respond within 1 business day. CashUSA hosts social media pages on Facebook, Twitter, and Google+. The CashUSA Education Center contains comprehensive information on finance, debt, credit, and banking.
The CashUSA mailing address is:
CashUSA.com3315 E. Russel Rd. Ste. A-4 Box #105Las Vegas, NV 89120
To contact CashUSA by phone, call 866-973-6587. You can contact CashUSA support by email at the following address: [email protected]
The following are some of the most frequently asked questions and answers for CashUSA.
Is CashUSA a Legitimate Company?
CashUSA is a legitimate company headquartered in Nevada. It has been in business since 1997.
Is CashUSA Safe?
CashUSA is a loan marketplace that works with a reputable network of lenders. The service is free to use, and CashUSA will never charge you a fee for connecting with lenders.
Does CashUSA Check Credit?
According to the CashUSA website, neither CashUSA nor the lenders in its network check credit scores. The company states: “CashUSA.com lenders do not require credit scores and do not ask applicants to provide credit score details. Your credit score will not affect the fees and terms of your loan in any way.”
If you choose to move forward with a loan, however, it’s a good idea to ask the lender directly if it performs a soft or hard inquiry of your credit report.
Is CashUSA a Payday Loan?
CashUSA is not a payday loan. It’s an online loan marketplace that connects borrowers with a variety of potential lenders.
How Much Can I Borrow with CashUSA?
Borrowers can get a loan ranging between $500 and $10,000 through CashUSA.
How Fast Does CashUSA Deposit Funds?
Borrowers can receive their funds through direct deposit in as little as one business day.
Does CashUSA Call Your Employer?
No, CashUSA doesn’t contact your employer. Because loan requirements vary by lender, it’s best to check with your loan provider directly regarding employment verification.
What Happens If I Miss a Payment?
If you think you might miss a payment, it’s best to contact your lender directly. In some cases, lenders might offer an extended payment deadline or a hardship forbearance.