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CashNetUSA Reviews Summary
The company's reputation is significantly marred by customer dissatisfaction, primarily due to exorbitant interest rates and misleading loan terms that lead borrowers into deeper financial distress. Many reviews highlight feelings of being exploited, with customers reporting that their loan balances increased despite making payments. While some customers noted prompt funding, this was overshadowed by complaints about poor customer support and aggressive collection tactics. Overall, the sentiment reveals a pattern of frustration and distrust, suggesting potential customers should seek alternative lending options to avoid similar pitfalls.
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I would've rated it zero but a 1 was as low as it could go. HAD A LINE OF CREDIT OF $750. I BORROWED 600 AND NOW OWE 751.86. THATS JUST THIS WEEK! THE AMOUNT CHANGES WEEKLY. AND OF THE 190 I PAY EVERY 2 WEEKS. ONLY 37.00 GOES TO PRINCIPLE.
I borrowed 600.00 had to pay back 1586 Back not worth the headache they take each payment out of every paycheck every two weeks from July till January I'm stuck
CashNetUsa is an UTTERLY and COMPLETE SCAM! I would advise NO ONE to use their services. 299.00% interest rates for their line of credit. I borrowed $1650 and ended up paying almost $4000 back! Absolutely ridiculous! And the only reason it wasn't more is because I made off cycle payments on top of what I already owed. They started to figure out I was paying more and every time I made an early payment, they would use it toward my next payment and subtract whatever the difference was when it was actually due. I literally had to call every time I made an additional payment(only to sit on hold for 20 min EVERY TIME) to make sure they didn't try and scam me. And every time they would have it wrong and I had to correct it. This is the most immoral company ever and I have no idea how they are still in business. I will NEVER use them again. Please don't be fooled.
DO NOT USE THIS CRAP! I CANCELLED IMMEDIATELY!
LET ME EXPLAIN THE REPAYMENT PROCESS... You borrow $850 from the lender that contacted me (Cashnet) I contacted them on about the 11th of the month ALL of the money was going to be due back on the 20th of the same month. However, The State of Texas can do 4 extensions.
When you request an extension (1st request) you must pay the interest and fees of that loan $221 none of which goes to the initial $850... You get a new due date for ALL of the $850 again...
If you need another extension (2nd request) you must pay the interest and fees of that loan $221 none of which goes to the initial $850... You get a new due date for ALL of the $850 again...
If you need another extension (3rd request) you must pay the interest and fees of that loan $221 none of which goes to the initial $850... You get a new due date for ALL of the $850 again...
If you need another extension (4th request) you must pay the interest and fees of that loan $221 none of which goes to the initial $850... You get a new due date for ALL of the $850 again...
Each time if you wanted to pay on the principle you would have to pay the $221 + any additional money for the principal
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- Sitejabber’s sole mission is to increase online transparency for buyers and businesses
- Sitejabber has helped over 200M buyers make better purchasing decisions online
- Suspicious reviews are flagged by our algorithms, moderators, and community members