direct lender

CashNetUSA / Enova

Online small-dollar lender operated by Enova.

BorrowerRisk8.0High concern

What it is

Online small-dollar lender operated by Enova.

Cost structure

High-cost installment or line-of-credit products

Main concerns and tradeoffs

CFPB orders found unauthorized debits and failures to honor extensions; a 2023 order imposed redress and a $15 million penalty.

Evidence and verification

Classification and concerns are based on the primary source below. Product terms, availability, and company practices can change.

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