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Cashnet500 trying to debit from my account

Date: Sat, 10/14/2006 - 09:19

Submitted by mylayla
on Sat, 10/14/2006 - 09:19

Posts: 32 Credits: [Donate]

Total Replies: 23


Cashnet500 is one of the PDL's that Im dealing with. The origional loan was for $250.00. I have paid a total of $375.00. On Sept. 4th and again on the 17th I faxed them letters revoking my authority for them to debit my account and not to try and contact my husbands work phone number. We closed our bank account on Aug.28th with Bank of America but were told that the account would not be officially closed until it went 7 days with no activity. We have not been charged with any further nsf charges from the bank but we found out yesterday from a woman who called from Cashnet500 that they are still trying to debit our account even though they have recevied two letters from us. She also told us that they could file fraud charges against me because I was the one that got on the computer and used my husbands info for the loan. She said I violated some Internet Law. I laughed at that one. I told her I was filing a complaint with the Attorney General, she just blew that off. She just kept saying that for $150.00 we could settle the account. I don't feel like we should give in and pay it. Any advice????


I did give them my state laws. They said they don't have to abide by them because they are in Utah and they can charge me what ever they want. We were making payments on the origional loan, which the amount was $250.00. When we got into trouble with all the PDl's we had to close our account. All total we have paid them $375.00.


lrhall41

Submitted by mylayla on Sat, 10/14/2006 - 12:48

( Posts: 32 | Credits: )


In most situations, the internet lender must follow the state laws where the borrower resides, however there can be a few exceptional cases. Right now, I will assume that CashNet500 is required to follow your state laws because they are discussed in other threads here about the need to be licensed in the borrower's state. Which state do you live in?


lrhall41

Submitted by ArDeN on Sat, 10/14/2006 - 13:24

( Posts: 496 | Credits: )


I would continue to stand your ground. Continue to send them the letter with your state laws and file a complaint with your state's AG office and let them know you did this. If you have to e-mail and fax the letter everyday to them, then do it. Just stand your ground because it looks like you have paid the principal, legal interest charges, and then some.


lrhall41

Submitted by WHEREAMI? on Sat, 10/14/2006 - 14:09

( Posts: 5263 | Credits: )


Ok someone good with math, money, and alabama pdl's I need some assitance. Here are the pdl's I had. Can someone help me figure out how much I owe them?

UsFast Cash:
Borrowed: $300.00 Have paid: $410.00
I don't know if they are liscensed in my state.
They agreed to settle with me for $125.00

Payday Ok:
Borrowed: $397.29 Have paid: $233.86
I think they are liscensed in my state.

FSM Processing:
Borrowed: $300.00 Have paid: $540.00
Not liscensed in my state.

Cash Central:
Borrowed: $352.50 Have paid: $52.50
not sure if they are liscensed in my state


lrhall41

Submitted by kirasienna13 on Sat, 10/14/2006 - 14:48

( Posts: 97 | Credits: )


Try this link to find if they are licensed: http://www.bank.state.al.us/ADPSA_Licenses2.asp
I did a search and didn't find them listed as having a license. I personally, would fight with them and continue to deman they mark me paid in full. But that is a decision only you can make, $125 to make them go away, doesn't sound like much, but I know that sometimes $125 might as well be a million dollars.


lrhall41

Submitted by WHEREAMI? on Sat, 10/14/2006 - 15:01

( Posts: 5263 | Credits: )


I know what that feels like, I have been there before.I would continue sending your settlement letters with the state laws in them and if you filed a complaint with the AG I would include that along with the complaint number so they can verify if they so choose. keep bombarding them with the letters. And if it goes to a CA then I would bombard them as well and send D&V and a cease and desist letter to them. If you dont have the money, you don't have the money. If they gave you an address and you are worried about a CA contacting you then send small payments each month until it is paid off. But I would continue to fight them if you have paid too much.


lrhall41

Submitted by WHEREAMI? on Sat, 10/14/2006 - 20:09

( Posts: 5263 | Credits: )


Now Cashnet500 is trying to say that it is a bounced check and that they can file charges on us for check fraud. I am not giving into them, either way they want to look at it I still paid more than what the loan was worth. Has anyone ever been able to get them to mark your account paid in full??


lrhall41

Submitted by mylayla on Sun, 10/15/2006 - 06:20

( Posts: 32 | Credits: )


They gave me that same old, "we're in Utah, we don't have to follow your state's laws." even though the regulations for my state say they do. I gave them a proposal to pay off the legal amt. I owe them, which is $210, and they are trying to tell me that I owe $510. I'm not backing down. I told the guy who kept emailing me that since he would not respond to my repayment proposal and just kept replying that his company is in Utah, I was taking that as a refusal to let me pay, and I was going to file complaints. He never responded, but I did get a call at work last week from some woman who left me a message saying they were willing to work with me. I don't trust them.


lrhall41

Submitted by Tiffany99 on Mon, 10/16/2006 - 16:23

( Posts: 1058 | Credits: )