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Posted: Mon Nov 26, 2007 5:18 am Subject: CashNetUsa

Well after being persistent with CashNetUsa about demanding a physical address from them before I would send in any payments to them, yesterday I recieved and email from them stating since I have constantly demanded a physical address they gave me an address......finally!!!

Now here's my question........The address that they gave me is a P.O box address. How can I send a money order and know if they get it or not? I do not trust these people at all, and I feel that they would get the money order, and then say they didn't. I know with a P.O. box address you can't send it certified.

Here's another question......I sent a certified letter to them at another address and I know that they got it because I got the reciept back proving they got it. Do you think I could use that address instead of the P.O box address?

Posted: Mon Nov 26, 2007 5:39 am Subject:

Tina, I am a bit confused. If you had an address, why did you ask for another one?
I would use the address that you can send it certified to.

Posted: Mon Nov 26, 2007 6:01 am Subject:

And even with money orders....you can check to see if it was cashed...and then you would know they got it for sure...

Posted: Mon Nov 26, 2007 7:55 am Subject:

What did you do to get an address I sent two emails early last week requesting payment plan and physical address, I let them know my bank account was closed and they still obviously tried to debit my account because I received an email thanking me for my payment. Which I know they will not get. I will now be in collections with them but I tried to prevent that by corresponding with them early in the week requesting an address. Please let me know how you handle your situation with them. I know they are legal and I do not want to mess things up with them.

Posted: Mon Nov 26, 2007 7:58 am Subject:

Ok butting in here, since when can you not send certified mail to a PO box?

Posted: Mon Nov 26, 2007 8:01 am Subject:

Yeah, you can. They just put the slip in the box and when the boxholder picks up the mail they see the slip and go sign for the mail. I have a PO box, and have recieved certified letters.

One thing I'm confused about. Cash Net USA's address is on their website.

Address
CashNetUSA
P.O. Box 06230
Chicago, IL 60606

It's also on the BBB . . . .

Posted: Mon Nov 26, 2007 10:27 am Subject:

Posted: Mon Nov 26, 2007 10:29 am Subject:

Posted: Mon Nov 26, 2007 11:22 am Subject:

I have a physical address....just a sec and I'll post it.

Posted: Mon Nov 26, 2007 11:23 am Subject:

here it is...I had just posted it in another string.

CashnetUSA
200 W. Jackson ST, Ste 2400
Chicago, IL 60606
(312)568-4600

Posted: Mon Nov 26, 2007 11:29 am Subject:

It's probably best to mail it to the PO Box. Most places like that don't actually get mail at their physical address.

Freaking Out · Posted: Mon Nov 26, 2007 11:31 am Subject: Can They Do This?

I am also in Collections with CashNet USA. I told them that I am unable to pay the rest of the loan. I have already paid $1100 and change on an $800 loan and they say I owe them $1000. I am in Florida. They also called one of the references I put on my original application. What can I do to stop them?

Posted: Mon Nov 26, 2007 11:36 am Subject:

There isn't much you can do to stop them. They are a legally operating company. You will have to pay the debt. Cash Net USA is a CSO in Florida, that is how they get around the laws. It's perfectly legal for them to do it this way.

Freaking Out · Posted: Mon Nov 26, 2007 11:38 am Subject: What is a CSO

What is a CSO? Isn't there a law in Florida on interest charges?

Posted: Mon Nov 26, 2007 11:41 am Subject:

There is a law in Florida about interest charges. A CSO is a Credit Service Organization. Federal law says that any fees charged by a CSO cannot be considered as interest. So Cash Net USA is charging you a fee of $25 per $100 borrowed, and 18% interest. That $25 in fees per $100 cannot be considered interest. So legally speaking, they are within the laws of Florida by charging you 18% interest.

Freaking Out · Posted: Mon Nov 26, 2007 11:45 am Subject:

ok - so the original loan amount was $800 - for the next 6 pay periods they charged me $220 payments. I stopped the last payment and told them I had financial difficulties and could only pay $50 per pay period with no more interest they would not take it.

Also - they are contacting the references from my loan application, is that legal?

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