CashNetUSA is a Rip-Off. Don't Fall For It. This online lender, and others like it, take advantage of your misfortune and charge insane interest rates. It sounds like a great idea: Get the cash you need for an emergency quickly and privately from the comfort of your own home.What are the costs and fees for a payday loan?
Payday loans generally charge a percentage or dollar amount per $100 borrowed. The amount of this fee might range from $10 to $30 for every $100 borrowed, depending on your state law and the maximum amount your state permits you to borrow. A fee of $15 per $100 is common. This equates to an annual percentage rate of almost 400% for a two-week loan.Is cashnetusa legit?
CashNetUSA is a legit lender and they have many ethical traits which make me favor them over the competition. The company ranks high on the legitimacy chart: You can sign up to CashNetUSA here. You can also check out our full list of legit payday loan companies.