Review – Should You Get Loan? Is It Good? is an online lending portal that connects borrowers with lenders. It differs from some other online loan marketplaces in that the loan amounts provided are generally smaller.

You make a single application on the website, free of charge, then you’ll be presented with a list of lenders that might approve your loan.

Because of the use of multiple lenders, loans are available for borrowers with all types of credit profiles.

Personal loans are the answer for so many people who are struggling with finances. From car payments to funding an event, a loan can give you the cash you need to cover expenses.

Finding lenders, getting approved, and understanding the system is not simple though, which is why a service like is such a godsend. offers borrowers a chance to get loans from $500 – $10,000. These installment loans can be paid out over the course of 90 days to 72 months, and the APRs generally range from 5.99% – 35.99%, the industry average.

With 1 million monthly users, a streamlined online system, and excellent financial education resources, there are a lot of reasons to praise We wanted to see whether or not this service is everything it claims to be, so we tested it out. Here’s how things turned out.

How Work

1: submit a request for your loan online

We started the process by filling out the short online loan request form. The online form is similar to any other online lending portal. It’s broken up into four steps. Step one asks basic questions:

  • Name
  • Email address
  • Zip code
  • Whether or not you’re an active member of the military
  • The amount you’re requesting for a loan

Step two: asks more details including:

  • Phone number
  • Physical address
  • Whether or not you own your house
  • How long you’ve been living there
  • Income source
  • How long you’ve been employed at this job
  • How often you get paid
  • Name of employer
  • Employer’s phone number
  • How much you make per month
  • Driver’s license/ID
  • Social security number
  • Bank account type

Finally, you’ll move onto step three, where you’ll provide your bank account information, whether or not you own a car, if you are paid by direct deposit, and what your official job title is.

While it looks like a lot in list form, the entire loan request process only takes a few minutes. It’s all done online, which is one of the biggest benefits of using a service like

No running around to different offices or dealing with annoying in-person meetings. Everything is on the computer. It’s faster, easier, and less confrontational, so it’s no surprise that this system is so popular.

 2: Receive offers from actual lenders

After you click submit, your loan request will be sent out to the network of lenders. A convenient online form is a big perk, but what’s even more convenient, is that your online form will automatically be sent out to a number of lenders.

Instead of you having to go from one lender to the next (in person or online) and filling out the same forms each time, sends out your loan request to the lenders in its network that are relevant to you, saving you untold heartache and precious time.

Relevant Lenders

What do we mean by relevant lenders? Well, each lender has its own criteria for giving out loans. For example, some lenders will only let you take out a minimum of $5,000 as a loan.

If you’re looking for a small $500 loan to just cover expenses during a dry spell, you don’t want to deal with a large loan like that. That’s what makes so great to work with.

This service will sift through its lenders and attempt to connect you with a loan offer that makes sense for your requirements.

3: Peruse, review, and accept the loan terms

Next is one of the most exciting steps (aside from actually getting and spending your money, of course). You’re going to get a loan offer from an actual lender, if approved.

That means that someone who wants to give you money is going to contact you with a proposal. You can look over the terms of the loan proposal before you decide to accept, and think about whether it really fits your needs.

If it doesn’t, you are completely free to decline the loan offer and start the process again in the hopes of getting a different offer.

4: Get your loan and thank CashUSA

If you like the loan that is presented to you, then you will be directly connected to the lender itself. This is where you and part ways. It has helped you get this far, and now you are being left in the hands of one of’s trusted affiliates.

At this point, you’re not under any contractual agreement with the lender. Until you actually sign the contract, you can still walk away from the loan offer without any penalty, charges, or fees.

And since’s services are totally free, that means if you walk away from a loan at this stage, you don’t have to pay a cent to anyone.

When everything is clear, you can use the lender’s e-signature form to finalize the loan.

An e-signature is a convenient way for you to give consent without the headache of printing out a form, signing on the dotted line, scanning it into the computer, and sending it back to the lender.

One more advantage built into the service.

Why Use

The process is pretty straightforward, but you still might be wondering what benefits you get from working with a service like as opposed to just doing it all yourself.

Here are some of the points that we liked most about working with

  • Fast loan request processing

Unlike applying through a traditional bank, when you work with, your online request form is processed quickly. In fact, your loan request can be sent out to lenders instantly. Compared to the weeks that it can take for an application to go through bank bureaucracy, that’s pretty impressive.

  • Secure site

Another aspect that many people have expressed interest in knowing about is the security of online loan forms, so we’ll touch on that now. It is absolutely vital for a borrower to only go with a lending portal that has secure and safe platforms. uses the most advanced encryption technology to keep all of your information safe and private. Additionally, the site runs tests on a daily basis to ensure that the system remains secure and that there are no security leaks.

  • Auto pay and online payments

One of the features we liked the most about the lenders in network was the convenience of making payments. You can make all of your monthly payments directly online. No mailing checks or relying on the postal service, and no late fees because a payment got lost or delayed in the mail.

Additionally, the lenders in’s network lets you set up autopayments for even more convenience. With this feature, you’ll never have to think about making your monthly loan payments ever again.

Each month on the designated day, your bank will automatically send out the loan payment to your lender’s account. This is a fool-proof way to keep your loan repayments in good standing (and building your credit incidentally).

  • Bad credit

Most importantly, doesn’t limit its services to excellent credit. It works with people who have the worst credit scores, too. You won’t be turned down just because of poor credit, and that’s a major advantage for those who’ve been rejected already.

Best For?

CashUSA is a good option for people who arelooking for a fast loan between $500 and $10,000 and have less than perfect credit. If you need a helping hand to make any final decisions, you’ll appreciate the plentiful educational resources hosted on CashUSA’s website.

Special Features

When selecting a loan through the CashUSA network, you get to take advantage of a couple different special features.

The first is rapid request processing, which allows your request to be reviewed almost instantaneously. This is much faster than when applying for a loan through a traditional bank.

You also get the promise of secure transactions, so you can rest assured that your personal information is safely guarded.

CashUSA uses the most advanced encryption technology. They also perform daily tests to make sure all personal information is safe and secure.

CashUSA also prides itself on its easy auto-repay function. Yes, you need to make sure you have the funds in your account, but the feature does come with some major perks.

You don’t have to worry about going to a physical storefront to make your payment each month.

And you also don’t have to worry about whether the payment will reach the lender in time or if there’s any kind of fee for using a check or credit card.

All of these features make CashUSA a convenient and secure way to take out an online personal loan.

What to Know About CashUSA’s Personal Loans

Before you get started, take a few moments to pause and assess your financial needs. That way, you can ensure you can make the best decision both in the short term and the long term.

Why do you need a personal loan?

People use a personal loan to borrow money for any range of reasons, from financial emergencies to home renovations. When you’re thinking about your financial needs, you really need to take a look at the amount of interest you’re going to pay as well as how the monthly payment will impact your budget.

Let’s look at a personal loan for debt consolidation, for example. If you qualify for a personal loan that offers a much lower APR than your maxed out credit cards, you could save a lot of money over time.

But you also need to look at the length of repayment. If it’s too short, you might feel cash-strapped each month by having high payment amounts. If it’s too long, you still may wrack up a lot of interest on the principal balance.

What’s the solution?

When you get a loan offer from a lender in CashUSA’s partner network, do some comparisons to see if you’ll save money in interest over the long term.

Also, see how the monthly payment amount compares to your current minimum payments on your credit card. If the number is a lot higher, make sure you can afford the change.

Should you borrow money for non-emergencies?

A lot of lenders, including CashUSA, offer extremely flexible options for the use of your personal loans. But that doesn’t mean it’s always a great idea to take them up on the offer.

Take, for example, someone who wants to use a personal loan for a house renovation. Depending on the specific situation, this may or may not be a good idea. Will the upgrades add value to your home equity? That might make it a good idea to go through with the plan, especially if you plan on selling soon.

But if you’re just doing the upgrade for purely cosmetic reasons, particularly at a high interest rate on the loan, it may be worth saving up the cash instead of borrowing it.

After all, a high monthly bill for several years may get tiresome regardless of how good your kitchen looks. Are the quartz countertops really worth it? Be honest with yourself so you’re not regretting your decision further down the line.

Loan Terms

After filling out the request form, which takes all of 2 minutes, you can review the terms of the loan, if a lender has approved you. The loans that are offered to each customer vary, but it’s likely you’ll receive an offer close to the amount you requested and with slightly different terms depending on the lending partner. 

Customers who choose to leave their bank details in step 3 of the request process can enjoy instant deposits once their loan request is approved by a lender. This is one of the benefits of CashUSA’s model, which puts you under no obligation to take the loan you are offered before receiving the benefit of near-instant bank deposits once a loan is accepted. 

If you have any questions or concerns during any step along the way, CashUSA makes its customer support channels readily available and aims to provide answers as soon as possible.  

Repayment Terms

The example that CashUSA gives for a loan term is for financing of $1,500 over 2 years with an APR of 7.90%. In this case, you would have 24 monthly payments of $67.77 and total amount payable of $1626.54. Term lengths vary broadly, with some as short as 90 days and others spanning 72 months.

You can repay your loan in any number of convenient payment methods, including the option to automatically send funds to a lender directly from your bank account. 

Privacy & Security 

To protect all your information, CashUSA employs some of the most sophisticated encryption standards around. Sensitive personal and financial information is input only in the secure online request form, which uses HTTPS secure socket layer protection protocols to ensure data integrity. 

Help & Support

Customers can connect with support by calling or sending an email, which is a nice bonus considering that many lenders do not provide both of these options.

If you choose to call, your call should be answered by a representative fairly quickly. If you’d rather get in touch by email, you can expect a thorough answer by the next business day.


CashUSA has a wide network of lenders and great national coverage, so they are likely to find you a loan.  And their website is good.  

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