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USA Web Cash Installment Loans Review

USA Web Cash is an internet-based financial services company providing short-term installment loans to pay for emergency or unexpected expenses, such as medical bills, car repairs, and other costs.

Bad Credit Best for
4 /5
Rating
$ 100 /
Min. Amount
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Table of Contents

    USA Web Cash is available in the following states:

    • Illinois
    • Missouri
    • New Mexico
    • South Carolina
    • Texas
    • Utah
    • Wisconsin 

    Why get an Installment Loan from USA Web Cash?

    This financier can get your funding the next day, or even the same day that you apply. It’s a transparent company, with clearly stated terms and fees, so you shouldn’t end up paying a rate that you're not happy with. Repeat customers may be eligible for larger loans than the average borrower, and sometimes there are special promotions that let you get cash back on your loan.

    What does USA Web Cash offer?

    You can borrow anywhere from $100 to $4,000, except in New Mexico, where the maximum loan amount is $2,500, and South Carolina, where the range is from $601 to $2,500. This is handy for a quick one-off payment, or to purchase something small like a television, but won't suit everybody's needs.

    Eligibility Criteria

    Even those with bad credit are eligible. You’ll need to be able to prove that you have an income of over $1,000 per month, and a bank account that’s at least 30 days old. You’ll also need to be at least 18 years old, and a legal US resident. 

    Pros & Cons

    Pros

    • Receive your funding in one to two business days
    • There are periodic special promotions

    Cons

    • The APRs can go up to 425%

    How to apply for a USA Web Cash Installment Loan?

    You can apply over the phone causally at 800-618-6576, or head to the website and click ‘apply’. You then simply enter your desired loan amount and term and your personal details, including information on your employment, income, and bank account. Once you’ve added two references, you’re finished.

    Rates, Terms, and Fees

    The rates here vary quite drastically by state. Texas has a very reasonable maximum interest rate of 10%. However, aside from Texas, all states charge a huge interest rate, with New Mexico being the next cheapest, at 175%, and all other states having a starting APR of more than 200%. Term lengths last from three or four months up to six or 18 months. They vary per state and have some late repayment fees.

    Bottom line

    USA Web Cash can be an asset to those who are seriously desperate, but unless you live in Texas, you’ll pay a small fortune for this convenience. Many states aren't even eligible for service, and aside from the high fees, there are also third-party reviews suggesting that your personal information won't be properly looked after with this financier. 

    A better lender for you may be Prosper. Here you can borrow up to $40,000, more states are eligible, and the APRs are much more reasonable.



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