CashNetUSA (Enova International)

CashNetUSA is an online short-term lender offering payday loans, installment loans, and lines of credit. It is a brand of Enova International, a publicly traded consumer finance company. CashNetUSA operates entirely online and is available in a limited number of US states, as many states have laws that restrict or prohibit payday and high-cost short-term lending.

Payday loans from CashNetUSA are small-dollar loans typically due on or around your next payday. These products carry extremely high costs when expressed as an annual percentage rate. A small fee on a two-week loan, which may seem manageable in dollar terms, translates to an APR that can run into the hundreds of percent. Installment loans and lines of credit from CashNetUSA generally also carry high rates, though they provide more time to repay than a traditional payday loan.

These are not suitable products for addressing long-term financial needs or ongoing cash shortfalls. They are designed as very short-term solutions and can trap consumers in repeated borrowing cycles if the underlying financial issue is not resolved.

Before using CashNetUSA or any similar service, explore alternatives. Many credit unions offer payday alternative loans at significantly lower cost to their members. Community Development Financial Institutions provide small-dollar loans to consumers who would otherwise turn to high-cost lenders. Your employer may offer an advance on wages, and some nonprofit organizations provide emergency assistance grants.

If you do use CashNetUSA, borrow only the minimum amount you need, have a firm plan to repay it in full on the due date, and do not roll the loan over. Rollovers extend costs dramatically. Review all terms including the full APR and total repayment amount before accepting any loan.