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In November of 2007 I borrowed 200 from Cash Net USA located in Miami FL. I made 10 bi-weekly payments of 50$ =500. Actually I believe this is a 300 overpayment and they should be owing me but you know the story. I closed my checking they turned me over to collections. I reported Cash Net USA to the BBB and AG in Florida and MN they didn't respond to any of the complaints but the collection agency continues to bother me and says that I wrote them a bad check even though it was a faxed voided check and they already received 300$ more than they shoudlve. I am not complaining to the BBB and AG office against the collection agency regarding Capital Corporation in Miami. I can't even get either to validate my debt? I live in MN and the PDL was from Florida they rolled over my loan 9 times which is illegal in both states. PLease Help!

Alazae79 · Posted: Thu Aug 28, 2008 6:56 pm Subject: Capital Corp

Do you know if the collection agency is legal?
Have they provided you with contact info? Legal collections must comply with Fair Debt practices and valid the debt that is owed.. Furthermore this could be the guy in the cubicle next to the guy that gave you the loan..Maybe someone with more knowlege will apply

Guest · Posted: Thu Aug 28, 2008 8:03 pm Subject:

how do i find out if they are legal I cant even locate them on the BBB website. When I called them to get an address they asked me which one I wanted? UMMMM a legit mailing address please....I have a telephone number and a wierd mailing address to contact them at. Currently I cant get the BBB website for Miami Fl to work to see if they are ok on there or not. THey are quite rude on the phone asking me if I am going to pay or not?

Posted: Fri Aug 29, 2008 6:51 am Subject:

It's actually not illegal. Cash Net USA is legally operating in both states. In Florida they are a CSO, which means that rollovers are legal. MN allows internet based companies to use the laws of the state they are located in, so MN law wouldn't apply to your transaction.

You couldn't have overpaid them. They are a legally operating company, and CSO fees are not regulated. There is no possibility of legal overpayment, since they can charge what they want legally.

Cash Net USA can take steps to collect on this debt. I would try to contact them and set up a payment plan with them for your remaining balance.

Posted: Fri Aug 29, 2008 6:53 am Subject:

FYI - The BBB is not the place to look for licenses. The BBB is a place where businesses can pay for membership. It doesn't mean that the business is legit or not, or legal or not.

Guest · Posted: Fri Aug 29, 2008 10:09 am Subject:

I didn't look to the BBB for legal licensing I looked to them for assistance in getting a debt validation from the company they refuse to talk to me since they turned it over to collections. In fact they ignored the BBB completely

Guest · Posted: Fri Aug 29, 2008 10:10 am Subject:

what is a CSO?

Guest · Posted: Fri Aug 29, 2008 10:11 am Subject:

I was trying to get their reputation from the BBB which is why I attempted to look them up on the BBB site

Guest · Posted: Fri Aug 29, 2008 10:13 am Subject:

My bad it was Cash Advace USA sorry I also have a pdl with Cash Advance but have that resolved

Posted: Fri Aug 29, 2008 10:35 am Subject:

Ok. I was about to comment how surprised I was at cashnet usa. I just paid off a loan with them. I borrowed $200 and paid back $230.

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PDL with Cash Net USA turned over to Capital Corp. Miami FL

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