Help with CashnetUSA

CashNetUSA is probably one of the easiest ipdls that will work out a plan with you. Give them a call. Is it $45.46 per $100 borrowed? If so you should owe them $395.46 minus the $210 you have already paid, I'm not sure if I'm reading that correctly.

That is what I thought too, but they were charging me $105 per pay period to renew - that is not what the Oklahoma states that they can do. Also, the law states that a borrower must pay off the loan on thier due date and that the loan can not be renewed (also noted below).

Extensions
In accordance with Oklahoma law, your loan must be paid in full on the due date. Early payoff requests must be received at least 2 business days prior to your due date.

Fees and Charges
Your loan fees will be flat, non-refundable fee of $0.46 per loan, plus $15.00 per $100 borrowed for the first $300 borrowed, and $10.00 per every additional $100 borrowed.

Thanks again for your help.

Actually OK only allows $10 per $100 on a loan that is $301-500. So that means the maximum interest allowed would be $35 on a $350 loan and no roll overs allowed. So you would owe $385 minus the $210 you have already paid.

OOPS. Forgot to add in the whopping .46 charge. Sorry.

Ahhh, cool - thanks.

I am going to send them an email, I just don't understand how they could charge me $105 per pay period and not do as the law states. They got the license to lend here, so why not follow the rules? I am not complaining - just curious what their thought process is :-)

I'm surprised also. They are licensed in OH and they are following the OH pdl laws here. OH doesn't allow roll overs and CashNetUSA will not let an OH consumer have any roll overs. So I am surprised as well that they are doing this. But on the bright side, they will work with you and they aren't nasty like the other ipdls.

Are you sure this isn't Cashnet500, b/c I had a $350 pdl with them before I defaulted and they always debited my account $105 every pay period.

I also had $105 debited with CASHNET500. Also, when I paid them off, I made 2 pmts of $105 and one of $50. For some reason, everyone can identify them by the $105 debit.

That doesn't sound like CashNetUSA, they will follow individual state laws and show their license for them online. You guys are probably right and it is CashNet500. The names are so close together and the refinance charge is the same.

Cashnetusa may be changing I guess. But they are usually the nicest people to talk to. I don't understand the debt issue myself. However, you would really be better off contacting them on the phone than trying write them an email. I believe they are opened on Saturdays as well. Call them and see what they tell you.

cashnetusa were one of the rudist I had to work with, they do not forgive any of the fees they charged in the past and will not pull any of it off the amount owed. They want all their money. As far as payment arrangement, they split it into 3 payments of $300, which I can't afford to pay. Maybe once they don't get their payments they will come down a little on the payments so I can afford to pay them.