Apply online or on the go
Receive an instant lending decision,** even
with less-than-perfect credit†
Get cash by the next business day*
A short-term loan that’s typically repaid on your next payday — along with a fee. These loans are usually smaller than bank loans. And the average length is roughly two weeks, depending on your state and pay frequency. Payday loans are available in brick-and-mortar stores, but online loans seem to be more common. 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.
Depending on your circumstances, they absolutely can be! A small cash advance may help you bridge the gap between paydays. They come in handy when you 1) need to pay an urgent bill and 2) are temporarily short on cash. An online payday loan can help you avoid late fees, overdraft fees or bounced checks. (Sometimes, those fees are more expensive than the fees associated with a short-term loan!) Online loans can also help you pay emergency expenses that cannot wait. If you have an unexpected bill that needs to be paid as soon as possible, consider applying for a short-term loan to cover the costs.
You can repay an online cash advance with an ACH payment. (This is a form of electronic debit from your bank account.) During the loan application, one of the pieces of information requested is your bank account routing number. Online lenders use that information to deposit the loan into your account. Then when the loan is due, they can debit the loan amount and fees directly from your account. It’s important to remember, you should never borrow money without a solid plan for paying it back. If you know up front that you won’t be able to repay your loan on time, you should seek other financial solutions.
With so many online lenders around, how do you know which ones are legitimate? CashNetUSA is a licensed online payday lender. All our fees are clearly posted on our Rates & Terms page, so you know how much you’ll repay before you even apply! Plus, approved borrowers can get cash by the next business day.* Not all lenders can say the same. We take pride in giving our customers the best short-term loan experience possible.
If you have questions about applying for an online loan, you may reach out to our 24/7 Customer Support team by phone, email or online chat. Please go to our Contact Us page for more information.
CashNetUSA is dedicated to its customers. If you have more questions about payday loans, please visit our FAQ to find the answers. You’re also welcome to get in touch with our Customer Service team any time, day or night — by phone, email or live chat. We’re open 24/7! To help you balance your budget more effectively, try using our Budget Calculator
Because CashNetUSA is dedicated to its customers, we’ve put together a resource center for your convenience. Thankfully, there’s no reason to worry if you can’t find the answer to your question there because CashNetUSA Customer Service is available 24 hours a day, seven days a week via phone, email and online chat.