Register for a new account
Our mission at CashNetUSA goes well beyond supplying our customers with fast & secure payday loan options - we also strive to provide a resource to the community - offering help, advice & news on the lending community and safe, responsible borrowing & credit-building practices.
National Public Radio has for decades been heralded as one of the last outposts of unbiased news gathering in the US media. Not surprising then, that one of the most popular news programs, “Marketplace” took an eye-opening look at the truth behind payday loans and how are serving American consumers.
The report was an honest look at how payday loans have become a responsible and necessary form of lending for millions of Americans that need financial relief between paydays. Completely unbiased, the reporting provided all sides of the story, not merely the unsubstantiated view of payday lenders as ‘loan sharks’, which is a popular, if completely uncredited, viewpoint put forth by several ‘consumer advocacy’ groups.
The report, which you can listen to here, took a look at how consumers in states such as Georgia and North Carolina have fared since regulations forced payday lending out of their state. With few, if any, fast cash or legitimate cash advance solutions, consumers in these states paid nearly $38 million in bounced check and account overdraft penalties last year.
The piece came not only as a fair view of how payday loan and cash advance lenders are providing easy and responsible financial options to American consumers, but also as a warning for states that may be pushing for increased lending restrictions in the near future.
Posted in Cash Advance Industry
So far, this winter has been a roller coaster ride for consumers following the financial decisions coming out of Washington.
First, the IRS announced that the tax refunds of millions of Americans would be delayed by two months or more - cash that many Americans rely on to cover past debt, pay bills or use to repay the money they borrowed over the holidays.
Now, the government is working fast to enact a new Economic Stimulus package that would send checks of between $300 - $1,200 to the majority of American taxpayers. The act is designed to stimulate the sluggish economy by encouraging consumers to spend the money that they would not have otherwise had. Many financial experts are suggesting that consumers take a smarter approach and use at least a portion to pay down high-rate credit card balances or other outstanding debts.
While the financial future for many taxpayers may be bright, these decisions coming out of Washington do not face one important factor - the immediate need of consumers in the short-term. Like many Americans, you may feel the pressure of delayed tax refunds at the very time that holiday bills and increased winter expenses are coming due.
Luckily, there is a responsible short-term financial solution to hold you over until your refund comes. A next-day cash advance can help you find the money you need for monthly bills or emergency expenses without adding to your credit card debit or risking overdrawn bank penalties. Best of all, they are simple and fast - you can apply for a payday loan online in minutes and get the money in your account by tomorrow. These no-fax cash advances are available to all consumers, regardless of credit or past debt.
The financial decisions that come out of Washington affect us all, whether we have a say in them or not. But with fast and secure online cash advances and payday loans from CashNetUSA, you have the power to Make Anyday Payday.
Posted in Financial Resources
The holiday season may be a distant memory of shiny gifts, turkey dinners and the infamous fruitcake - but if you are like most Americans, the seasonal expenses that you collected during the holidays are still coming on strong.
To add to the financial frustration, the IRS has just announced that as many as 13 million Americans will see a significant delay in their tax return refunds - money that many people earmark to pay off those holiday expenses. Due to a last minute change to the tax code, the IRS estimates that as much as $45 billion in tax refunds could be delayed by seven weeks or more! Learn more.
Luckily, there is a fast and secure financial solution to keep your head above water during this trying time of year. A next-day cash advance from CashNetUSA can help you get the money you need to pay off those seasonal expenses while you wait for your income tax refund. With a five-minute online application, instant approval and money wired directly to your banking account, a payday loan from CashNetUSA is the hassle-free online option.
Feel confident borrowing from one of the leading licensed online lenders - CashNetUSA is approved for lending by the states in which it does business and is a proud member of the CFSA and Better Business Bureau.
If holiday bills have left you anything but merry and you were counting on a fast income tax refund, consider a next-day cash advance from CashNetUSA as a sensible and hassle-free short-term solution.
P.S. Don’t forget to file your taxes as quickly as possible to minimize this unfortunate tax delay. File online now with our premier tax affiliate, Complete Tax, and get your refund faster. Simply click here to get started.
Posted in Financial Resources
Like most Americans, you have probably committed yourself to a handful of New Year’s resolutions - losing weight, finding a new job, taking that long-awaited family vacation. And, like most people, you might not give these resolutions a second thought after about mid-January. But there is one resolution that you can - and should - keep: finding a responsible lender to help you get your finances back in order.
Luckily, following through with that particular resolution is not nearly as hard as shedding fifteen pounds or finding your dream job. A fast, convenient and secure financial solution is only a click away, with a cash advance from CashNetUSA.com. Get up to $1,500 to help you deal with unexpected expenses or monthly bills without relying on high-rate credit cards or risking bounced check and overdrawn account penalties. It only takes five minutes to apply online, get instant approval and qualify for up to $1,500, deposited directly into your account, next day.
Plus, take advantage of CashNetUSA’s industry-latest application acceptance times - apply by 9pm CST during the week for next-day funding or over the weekend by 7pm CST Sunday for Monday funding. And enjoy the convenience of applying online from home or work - nothing to fax, no extra paperwork and no waiting in line. Just the money you need, when you need it most.
It’s easy to start 2008 off right with America’s trusted online lender, CashNetUSA. Simply click here to get started and get your money by tomorrow!
Posted in Programs and Services
A recent report by the Federal Reserve Bank of New York has finally brought to light hard evidence to dispel the idea that payday loan providers are engaging in ‘predatory lending’ practices.
The November report (available here) offers the results of a study of households in Georgia and North Carolina, two states which banned payday loans in 2004 and 2005, respectively. Compared with households in other states, those in both Georgia and North Carolina recorded more bounced checks, made more complaints about lenders to the Federal Trade Commission and filed for Chapter 7 bankruptcy at a discernibly higher rate. And they did so at a higher rate than before Payday Loans were banned.
The report’s authors attribute this rise in credit risk and penalties to the decrease in responsible credit options available to sub-prime consumers. In the 2-3 years since payday lending was banned, consumers in these states have faced greater financial challenges with far fewer options.
At the time that these laws were enacted, the Center for Responsible Lending (CRL), a consumer advocacy group, estimated that the law would save consumers $154 million per year in loan fees and interest. What they neglected to take into account is that the fees for bounced checks, late credit card payments and NSF charges far outweighed the fees for responsible payday loans - leading GA and NC residents not to save hundreds of millions of dollars, but instead pay millions more in penalties.
What most financial experts already know - and, unfortunately, more and more consumers and state legislatures are learning the hard way - is that the unwarranted criticism that is incited by so-called ‘consumer advocate groups’ is often based on unfounded, if not downright misleading, evidence.
Companies, such as CashNetUSA, pride themselves on providing a safe, secure and responsible lending option to those in need. This recent report by the Federal Reserve of New York will hopefully go a long way in dispelling much of the slander that is brought upon the industry.
Posted in Cash Advance Industry
« Previous Entries
CashNetUSA is a registered trademark with the U.S. Patent and Trademark Office. (3,210,970) All rights reserved.
CashNetUSA's affiliates only offer payday advance in those states where permitted by the state banking authority. More details are in the "About Us" page.