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Payday Loans for Short-Term Difficulties

Although payday loans may provide a sense of relief and comfort to those who find themselves short on cash, if approved, it’s important to understand that these loans are only temporary and are not designed to offer a permanent solution to financial hardship. A payday loan, sometimes called advance payday loans or a payday advance, can be used to cover a variety of expenses that are usually unexpected in nature. It’s important to know how to use a payday loan properly, because you might otherwise end up creating additional financial difficulty.

As mentioned earlier, a cash payday loan is only a short-term solution. If you are consistently struggling with money month-to-month, a payday loan advance will not solve your problems. Payday loans are instead intended as a source of cash until payday rolls around. Borrowers are then expected to repay their payday loan, sometimes called a payday loan cash advance, on the due date. If you do take out a payday loan, it can be helpful to set personal payday loan commitments, such as repaying your loan on or before the due date. Then when you go to check payday loan commitments pertaining to your loan, you can see whether you’re making good on them. In order to effectively use a payday loan or cash advance, you have to know when to use one before even deciding whether to apply.

New Customers: Use Promo Code CASHNET50 on Your First Loan

Save 50% on the initial loan fee of your first payday loan or receive a 50% rebate on the interest or fees of the first two payments of your first installment or installment-payday loan, respectively. Promo code not valid for the CashNetUSA line of credit product.+++

Responsible Uses for a CashNetUSA Payday Loan or Cash Advance

Emergency expenses can be burdensome because they may force us to alter our payment routines. For instance, Betty’s car has a broken windshield and Betty also has a utility bill that’s almost due. She only has enough money to cover one of the expenses, so which one should she choose? This can be a very difficult decision, especially when both of the expenses are very important. Betty may feel that she has to be faced either with a late fee or with having an unavailable car.

It’s during times like these that a personal payday loan from CashNetUSA may be helpful to Betty, if she’s approved. With no-cost next business day funding,* a CashNetUSA payday loan may be able to help Betty fix her car windshield or pay the upcoming utility bill. Then, when payday arrives, Betty will repay the loan. The payday loan helped Betty get her immediate expenses back on track, and because she had a clear plan to pay off the loan, everything worked out well. The key to using a payday loan responsibly lies in knowing how to properly use one and having a clear plan for repayment.


Back to Everything You Need to Know About Payday Loans

*CashNetUSA and third-party lender funds are generally deposited via ACH for delivery next business day if approved by 9pm CT Mon. – Thu. or by 7pm CT Sun.

CA residents: CashNetUSA California Finance Lenders License file no. 603 H010, DE residents: Licensed by Delaware State Bank Commissioner License #9546 Exp. 12/31/2014, OH residents: Ohio Credit Services Organization Certificate of Registration no. CS.900076.000.

**Not all loan applications or extension requests are approved. Due to state and verification requirements, not all applicants for online loans may be eligible for instant approval by CashNetUSA or third-party lenders.

***Some customers applying for payday loans or installment loans may be required to submit additional documentation due to state law and qualification criteria.

†CashNetUSA or third-party lender does not perform traditional credit checks as part of its credit transaction approval process, but does verify applicant information via national databases including, but not limited to, Clarity. If you have defaulted on past transactions, you may be declined for a cash advance from CashNetUSA.

‡Maximum funded amount for payday loans or installment loans depends on qualification criteria and state law. See Rates and Terms for details.

++Please see Rates and Terms to check the availability of online loans and extensions in your state. CashNetUSA is not a lender in all states. In some states, CashNetUSA will (i) act as a Credit Service Organization to arrange a loan between you and a third-party lender, or (ii) in Texas, act as a Credit Access Business between you and a third-party lender.

+++If you are a Payday, CSO, or CAB customer, discount will be applied to the initial loan fee, CSO fee, or CAB fee, respectively. If you are an Installment or Installment-Payday customer, the rebate shall be calculated by multiplying the percent discount by the first two scheduled installment payments of your loan. However, the rebate shall not exceed the actual amount of accrued interest paid on the Installment loan or fees paid on the Installment-Payday loan. Rebate shall be paid via bank account ACH credit upon full repayment of the loan, and is contingent upon a minimum of two installment payments made. Discount not valid for the CashNetUSA line of credit product. Promotions are not available in all states. Please see your state's Rates and Terms for additional details. Unless otherwise specified, promo codes must be entered at the time of application, can be used only once, and may not be combined with any other offers or Preferred Member benefits.

1Must be 21 years of age for Mississippi residence and 19 years of age for Alabama and Delaware residence.

Customer Notice: Payday advances should be used for short-term financial needs only, not as a long-term financial solution. Customers with credit difficulties should seek credit counseling.