update on my fight with cashnet usa
Date: Thu, 05/17/2007 - 16:54
Keep up the fight Perry! You might want to ask them to speak to
Keep up the fight Perry! You might want to ask them to speak to their supervisor and tell him the same thing.
i sent faxed them the same letter.. im going to fax and flood th
i sent faxed them the same letter.. im going to fax and flood there email until they agree my next step is the minnesota attorney general and the better bussiness bureau
Problem is that Minnesota is one of those states, like Pennsylva
Problem is that Minnesota is one of those states, like Pennsylvania and Louisiana, whose laws only let them regulate businesses physically in their borders. CashNetUSA is licensed in most states that offer licenses, but their lawyers have convinced them that in certain states they can make loans under another state's license. That doesn't mean they're right. It just means you might have to get your own attorney (preferably a class action attorney) and bring the fight yourself. You can't count on any help from the state regulators.
does this mean they can try to sue me? even thought there not li
does this mean they can try to sue me? even thought there not licensed here
They won't but they could. It's a business decision and they ge
They won't but they could. It's a business decision and they generally don't sue. Bad PR and too much risk. Instead, they'll drive you nuts with phone calls and then send it out to 3rd party collections. Compared to other internet lenders they're pretty professional. (Of course, that's in comparison to guys that make gangsters look like gentlemen.) If you hold out long enough, they'll offer you a deal - 50-75% of the balance. At that point, you make a decision - stick to your guns and accept a limited risk or take the deal and get a guaranteed result. I always believe in a reasonable settlement, so if the settlement offer isn't much more than you think you owe, it's a good deal.