CashUSA review: High-interest payday and installment loans

Borrowers simply need to enter their details online and they will receive offers from reputable lenders. CashUSA sends your submitted form to multiple lenders at the same time, so that you can compare multiple

offers.

A closer look at CashUSA loans

Here’s what else you should know about a loan from CashUSA.

• Availability — CashUSA loans are available in 29 states, and the types of loans offered vary. Be sure to check if CashUSA is available in your state and what loans are offered.
• Potential to receive funds quickly — If your loan application is approved, CashUSA says you could get the money transferred to your bank the same day or next business day.
• Checking account required — In order to qualify for a CashUSA loan, you need an active checking account that will accept an electronic transfer of funds.
• Educational resources — CashUSA provides interactive tools and educational resources on money management for customers on its website.
• Discount program — CashUSA partners with some merchants to provide discounts for borrowers on a range of products.

Who a CashUSA loan is good for

If you’re in a tough situation and facing emergency expenses, a short-term loan or a line of credit through CashUSA could be an option, and may be a better one over something like a title loan. Title loans can be

risky because they require your car as collateral, and the lender can repossess your car if you can’t keep up with payments as laid out in your loan agreement.

Still, any loan with such high interest rates should be avoided if possible.

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Loan Requirements

Here are the loan requirements when applying for a CashUSA loan:

• Be at least 18 years of age (older dependant of state)
• U.S Citizen or permanent resident
• Have a minimum post-tax income of $1000 per month
• Provide a current email and phone number
• Have an active checking account

Applications usually take only a few minutes and once you receive your offers, you can review and accept the loan terms immediately.

Rates & Fees

CashUSA loans come with APR rates of between 5.99% and 35.99%.

Example: A loan of $5,000 over 36 months with an APR of 18% will equal monthly payments of $179.35 with a total loan amount of $6,456.68.

Payment Terms

Repayment terms on a CashUSA loan are from 3 months to 72 months.

Loan offers from Cash USA may come with an origination fee, depending on the lender. Different offers may also have unique interest rates and payment terms.