CashNetUSA now started to threaten me

Date: Tue, 05/01/2007 - 06:16

Submitted by swoody
on Tue, 05/01/2007 - 06:16

Posts: 103 Credits: [Donate]

Total Replies: 3

I had a payday loan through CashNetUSA. I got it in December of 2006. The loan was for 400.00. I made 4 payments in the amount of 100.00 a piece, so 400.00 total. I am in Oregon, and Oregon law only allows three rollovers. I defaulted after making the 400.00 payments. Now they are threatening me, and say I owe them 635.00. Oregon law Only allows one 25.00 overdraft fee. Am I legally obligated to pay all of this. They are licensed in Oregon, but come on 635.00 for a 400.00 loan that I have paid 400.00 on.

Perhaps they are pulling one over on you?? I defaulted on my loa

Perhaps they are pulling one over on you?? I defaulted on my loan and they did everything legally regarding my state laws....How much of those payments were rollover fees? How much went to the principle?

lrhall41

Submitted by Leah on Tue, 05/01/2007 - 06:43

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CashNetUSA

I am not sure what went to principle, and what was interest, but I do know that they rolled it over more than the allowed 3 times.

lrhall41

Submitted by swoody on Tue, 05/01/2007 - 06:50

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Since they are a legally licensed company in Oregon the banking

Since they are a legally licensed company in Oregon the banking dept can really help you with this one. Call them and tell them that this company allowed you to rollover your loan 4 times. When the company is legally licensed the state has a lot more power to wield then when they aren't licensed. Call (503) 378-4140 and ask to talk to Charles Donald, he is the one in charge of payday loans for Oregon and he can probably help you.

lrhall41

Submitted by goudah2424 on Tue, 05/01/2007 - 06:51

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