Cashnet500 - Under investigation in Oregon!

goudah, The famous Tim. Anyways Wv is suing these goons also. They are in the 14 on the last list. They are also known as global. Also the business name I have is Leads Global Inc. Hope this helps Kyside38

If they are under investigation, then there is a good outcome that you will receive some type of refund with this company. I would let the investigators handle it, but if Tim wants to know how to settle it, use it as your oportunity to get your account marked paid in full and demand that refund, the ball is in your court now.

Tim is the one that sent me an email before saying "problem with checking account."

I actually owe them $35 on the principle, so i don't think I can ask for a refund, but being marked PIF and having them leave me alone would be great!

Aside from the volume of calls I recieve from rt 66, these guys are the worst I'm dealing with. They've threatened everything in the world. Yesterday they told me that since I wrote my supervisors name on the application, where it asks for it, that they were going to call her and tell her she would also be sued since her name is on my loan documents! Maybe on the planet they live on that's possible, but not here . . . . .

Goudah, I got the same e-mail. Kyside38

Also, I have a copy of the contract, and no where on it does it mention wage assignments. I know I only "electronically" signed once, so are they just lieing to the investigaors? Should I worry about the wage assignment?

i get the "there's a problem with your checking account" email every couple days. I always reply. but get no response except an identical email a few days later.

oh route 66 they have my blood boiling!!!!they call me everyday at home at work, and they dont stop.

Goudah, i will say let the investigators handle it, sorry you may not get a refund but hopefully a lot other people that have been ripped off will get their money back, god knows we can all use dome extra cash...

i keep dreaming that the same will happen with route 66 and mayb i will get a refund on the 1770.00 i paid for 200 loan.
by the way since GFSIL and route 66 are the same and i overpaid route and owe on the principal from GFSIl do you think i should tell gfsilto take from what route overcharged me?? i wonder how they will take this. LOL

I paid them off and this man named Ed Riley emailed me my PIF letter. I printed it off and after all of the problems that you are having, I think I am going to frame it......LOL Good luck goudah2424, I think we are fighting with the same companies..

Yes, we are . . . . So you apid them off? They didn't just mark you PIF? I'm not paying them another cent . . . .

I would let the investigators handle it as well. They refused my first certified letter but the second one go through. I e-mailed, faxed them, and they never responded back. They have been quiet since I filed a complaint with the AG's office in my state and that has been several months now.

Did they ever mark you PIF?

So I called them this morning to see if they would settle, but was told that just yesterday my loan was sold to United Legal. That means that right after talking to the Supervising Examiner from the Oregon Payday Licensing Dept they decided to sell my debt to a collector? Does that make any sense? Has anyone else had this happen to them?

I also asked the examiner if they could take me to court over this. Here was his response:

Yes, they can take you to court. However, your defense would be the
company is not licensed to make loans in Oregon,
and Oregon law (ORS 82.025 (b) No person shall make a loan of $50,000
or less, except a loan made under paragraph (a) of thiss subsection, at
an annual rate of interest exceeding 12% per annum or five percent in
excess of the discount rate on 90-day commercial paper .... (4) Any
person who violates subsection (3) of this section shall forfeit the
right to collect or receive any interest or consideration than is
permitted by subsection (3) has been charged.

Your interest rate was 995%, far in excess of 12% per annum.

I also register collection agencies to collect from Oregonians. I
checked my database and I do not show a United Legal
registered to collect in Oregon. Should United contact you, get them
to send you something in writing. It would be
evidence that United is trying to collect in Oregon without a
registration. I will go after them for not having a registration.
If you are contacted by phone or email, ask them to send you evidence
of the debt. You are entitled to evidence of the
debt.

So now I don't know what to expect from cashnet500 . . . . Has anyone else had this happen? What can I expect from United Legal?

I just got off the phone with Tim. He claims that Utah law allows them to lend to other states! Since when does one state say what a business can do in another state? He refused to mark my loan PIF, even though they are under investigation and he knows it! He claims that since there is no federal law, they can do whatever they want. When I told him that about the case law regarding electronic businesses, he just came back with "Sears doesn't need a license for every store they have, why should we?" RIDICULOUS!!! I tried to explain that retail stores are not regulated like payday lenders and he wouldn't listen. We just went in circles for about 10 minutes until he finally said there was no way they were marking my loan PIF and I'd just better pay up! What a jerk! He won't listen to reason, and even with an investigtion going won't do the right thing!