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Posted: Wed Aug 29, 2007 4:43 pm Subject: Response from CashNetUSA

Well I got my response from CashNet USA today via email, regarding my "Revoke Authorization" letter.

Here it is...

Posted: Wed Aug 29, 2007 4:48 pm Subject:

How about calling them again and offering to pay them with a pre-loaded visa card (they probably won't take it but at least try). That way if they try to take more money out than required they won't get it, only what they are entitled to.

If you still can't get them to cooperate then I say file a complaint with the BBB and AG's office and the FTC. That will surely get their attention.

ladybug

Posted: Wed Aug 29, 2007 4:53 pm Subject:

They did say they would except a prepaid visa card, but they would still only allow me to set up a 3 payment installment plan of $200.00+ each installment, and I just can't afford that. I will definately file a complaint, there is no reason they can't try to work with you a little bit. It's not like I'm avoiding them, or refusing to pay what I owe.

Posted: Wed Aug 29, 2007 5:33 pm Subject:

I just sent my complaint to the BBB, requesting a reasonable payment plan. Can't wait to get the response.

Posted: Wed Aug 29, 2007 6:31 pm Subject:

When they responded to me (after I defaulted) they said i could pay by Bank account, Visa, or Moneygram/western union. Of course they still want the full amount.

Posted: Thu Aug 30, 2007 8:42 am Subject:

The guy I talked to in collections was a real jerk....why can't they try to work with you bit.... Sad

Posted: Thu Aug 30, 2007 12:53 pm Subject:

They keep leaving me messages stating that it is in my best interest to call them back. Well what is in my best interest is for them to fall off the face of the earth. I have emailed them numerous times stating that I am willing to work something out even if it is for the full amount but I can't pay it all at once but I will only converse through email or USPS. All they want to do is call, even after Florida sent them paperwork stating all communication had to be in writing.

Posted: Thu Aug 30, 2007 5:25 pm Subject: reply

Are they even licensed/legal in your state? Is this one of the ones that is licensed/legal?

Posted: Thu Aug 30, 2007 6:00 pm Subject:

Hey cannr,
Where can we check to see if they are legal?? I ain't figured that our yet.

Posted: Fri Aug 31, 2007 6:00 am Subject:

They are registered in Florida as a CSO. GOudah posted the registration info on another thread.

Posted: Fri Aug 31, 2007 6:12 am Subject:

nutsie...usually you can verify licenses through your AG web site or your state's department of financial institutions...both you should be able to access on line...when all else fails...just put a call into you AG office and they can answer the question for you. Hope this helps...

Posted: Fri Aug 31, 2007 6:55 am Subject:

Since they are operating as a CSO in Florida they aren't required to be licensed. Only registered with the Sec of State. But you can search the Sec of State website and find their registration information.

Detail by Entity Name

Posted: Fri Aug 31, 2007 8:44 am Subject:

I do believe the are licensed in WI and just about every where else.

Posted: Fri Aug 31, 2007 9:32 am Subject:

Yes, they are either licensed in every state they lend in, registered and operating as a CSO, or licensed in another state, depending on what the requirements are for the state they are lending in. They are one of the few ipdl's that actually tend to follow all the laws. The only instance of them not I know of is in Oregon, where the laws recently changed and they didn't change their interest rates right away.

Posted: Fri Aug 31, 2007 3:08 pm Subject:

Don't they still operate against the law?? Rolling over loans, giving a loan to someone that already has one and on and on??

Posted: Fri Aug 31, 2007 3:22 pm Subject:

I'm sure there are a few rules that they've neglected but by and by, they seem to try to stick with it. I'm in Oregon so I got them to settle because of their neglect to follow the new interest rates.

As for teri and the original post, I think the rule about ach transactions is for those that automatically take it out. My CashNet was something that I had to go online and tell it to extend or pay in full before it came through. So I think their contract holds up in that case, but technically you could pay them via something else before they were to do that. I'm not positive about that one, but I think that is why they can tell you no.

As for them not working with you, I couldn't find anyone to work with me. I had to bring in the big guns to get them to fix the apr error, and in a show of good faith, they also accepted my situation and made a payment plan of four payments, and those payments are only once a month. But like I said, I got lucky that they were obviously doing something illegal so that I could bring in the big guns.

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