Cashnet USA - could this be scam or a mistake?

i never dealt with cashnet usa,but some members have.
sit tight someone will be able to advise further.

Cash Net USA is a legally operating company, and they only debit under their name.

Are you sure it's Cash Net USA and not another Cash Net?

If it is Cash Net USA, then it should be fairly easy to clear up the problem.

What state are you in? Cashnet is licensed and they are based out Chicago, IL. You can check your states dept. of financial institutions to see what name they pop-up under.

My state is Maryland. This is just confusing to me. The loan received on May 30th was from ncp Padyday advance for $300. The payment debit was from Cash Net USA Payday advance on June 16th for $71.61. This is what threw me for a loop. There was never a deposit or credit from CashNet...only from ncp payday advance and nhcash.

Nhcash I'm working with and there is no confusion...but why deposit the cash under ncp payday...but do a debit of $71 under Cash Net?? Right after that I blocked the account. But Cashnet is saying we received $300 on June 16th...which is certainly not the case at all...see why I am confused?

If it turns out that cashnet usa is using two different names then whoever gets the payments sure better not try and get me for TWO $300 balances.

well I did a search on the Maryland liscense search and it didnt' list anyother names besides Cashnet.




I know when I was dealing with cashnetusa I was able to log into their website and look at the loan contract. Did you ask for a copy of any loan documents? When I did a search for ncp payday on the same website, I got nothing.

Who is NHCash, because I didn't find anything on them either being licensed.

nh cash is nhcash.com also called nhcashsilver.

I will try the cashnet website and see what I can find.

I can't find ncp Paydayadv either, but that is surely on my statement...the more I ponder this, the more I think that cashnet is using 2 different names to do their business..ncp paydayadv for the credits and cashnet usa for the debits...now why they are doing this just seems fishy to me... :(

This is from the cashnetusa website.

So it looks like ncp payday might be who cashnetusa used to get you the loan. You said they tried to take out $75...on the cashnet usa website under maryland they state the credit service fee is 25 per 100.

Thing is, when Cash Net USA acts as a CSO, they also service the loan.

The deposit and debits would all the from Cash Net USA. You would never know who the actual lender is. That is how CSO's work.

I wonder if there is anyway the bank could trace the transaction from NCP payday...I know the bank I work at, sometimes we can look into transactions a little further and they may have telephone numbers attached to them.

Nope, the fee was $71.61, not $75. But when I called Cashnet said the fee is $75....

Too much inconsistency for me, this is why I am a little on edge and cancelled both companies ach authrization, I eevn re sent the letter to include any and all account ach revoke just incase they tried to get me at another account...

The deposit was $300 and the fee from cashnet usa was $71.61...what's up with that, they can just make random charges? Oh and then they up and charged me two payments of $30 something each, but my bank cancelled the charges out and didn't charge me a fee for doing so.

If you go to cashnetusa's website and click on the rates and fees for maryland it will tell you about how much your fee's will be for whatever was borrowed and how many days the loan was out.

Ask them to send you a copy of your contract - They will . . . . That will tell you if the loan is really yours or not.

good idea, I will do that! I want to see that contract right away.

can anybody please help me??? my mom got a loan from mte financial, i need to know if this is a real company or are they trying to scam her?

MTE is a real company but a difficult one to deal with. Do a search here and you will find dozens of threads about them

one more thing,do you have mailing address for them?

So I sent the revoking any and all financial institute account letter yester via fax & e-mail. I also requested a copy of the contract. No reply yet. How long do they usually take. any other lender I've worked with responded back right away. Hmmmm!

Cash Net USA usually will respond right away . . . . This whole situation with them is rather odd . . . .

I would call them back and ask to speak with a supervisor.

I resent the e-mails using the email addresses from the website. If anyone has any other e-mails I will use those as well. It is rather odd. Very odd to be exact. They have to call or e-mail eventually, I am just surprised it has taken more than 1 day, usually they (pdl's) are right there Johnny on the spot!

Payday loans are not legal in maryland pay the amount you loaned and tell them to take a hike 33% is all they can charge for a small loan in Maryland 30 dollars per hundered loaned is not legal!!!!!!!!!!!!

MTE Financial Services, Inc. has tons of DBA's like Cash Advance Network, Paychecktoday.com just to mention a few. They are real in the sense that they will deposit money into her bank account but they are one of the worst to deal with if you default.

What state are you in? You should research if they are legal in your state.

If your Mom has not received the money run as fast as you can away from this company, they will bleed her dry.

A Steven called and said I owed money and cash net could not collect so to avoid a costly law case I should give my new banking info When i couldn't they said get a prepaid card. I have checked and never borrowed from them . How did they get so much of my info? I alerted my bank.

I work for a company that tries to collect on these loans. I am not sure what happens before they come to me but what i do know is that I'm getting a lot of fraud cases lately. I work in a pre-litigation collection agency so some of the accounts have been to collections prior to be recieving it. What i know is that in the last few months i have recieved about 20 case that are confirmed fraud. the best thing to do is to file a police report and keep on top of your credit report. Some how people are getting ssn, addresses, phone #s (including relatives) drivers licenses, email addresses. also in order for them to get the money they have to open a checking account under your name. You need to make sure if it was not you to protect yourself by disbuting incorrect info on your CR and getting a police report. keep in mind that filling a false police report is against the law so only do it if you are being honest, then you can send this to the company trying to collect from you showing them that you have disbute attributed to fraud. (please ignore spelling mistakes as i am extremely tired at the moment and i hope this makes sense to you all.) Also make sure the company who is trying to collect and provide you will all the loan information such as original loan account number, amount of principle balace. also keep in mind collection companies are not forwarded copies of the original loan agreement so they can not send you a copy since they are not supplied with it. also keep your statements showing your payments on the loan and a reciept if you paid it for at least 2 years. I would also suggest not using these loan companies again they rip you off big time with charges.

well good night

Did the person making the call sound kind of foreign but had an undisputable american name. Did they tell you that you had to make some kind of payment or arrangement ot settle out of court or the police would pick you up the next day. Just search the website it is a scam. They call people that may have attempted to get loans but never actually received them and tell them that they owe money. Then they try to manipulate and threaten you until you either pay or tell them that you will see them in court (which most americans would forego especially if they are unsure). It is a scam and there are websites to prove it. Just put in cashnet lawfirm express and you will see so many others in your same exact predicament. Hope this helped

i use to work for them and let me tell you when the loan is paid out its not in there name meaning CNU

inuture
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Hey there,
We use them from time to time. They debit accounts as NCP
Not sure why but that is what they do. That is what the transaction comes up as.
I have never had a problem with them.

i just applied for a loan on 4/21 and had a few questions and talked to the people on cashnetusa and had no problems and on top of that i logged into my cashnetusa account to see my account history and also had a few question for them as well and had a email virtual chat and everything seemed fine. i have friends that have been doing business with them for years and never had a problem with them.

Thanks for sharing this! I was just planning to deal with them.......

This is fraud - they want you topay them money to "not arrest you" - report to FTC.gov. you will not be arrested! They are a fraudulent scam artist!