CASHNETUSA HELP...Again!!

If you have an online courts record for OR then go on there and search your name. If they do in fact have a judgement against you it will be listed there. My experience is that they cannot get a judgement without you signing service papers. You can also send a Debt Verification letter and they are required to "prove" the debt to you if it is legitamate.

You can send a cease and desist letter as well stating you are only will to work with the original creditor.

I want to get to the bottom of this debt. Cash Net won't discuss the matter w/me except tell me to play phone tag w/all the companies it may have been sold to. I will ask for debt validation and also do the cease and desist. I just wonder how these people sleep at night...

Dont forget to check your state license data base for this company, they must be licensed to collect in your state.

And I'll offer another suggestion. Even if their name doesn't appear on your states Database, that doesn't necessarly mean they aren't license, which make them licnesed to collect on a debt. They just may hold a different licnese. So contact OR DFI and they'll be able to tell you for certain if they are licensed. (I forgot what the actual name is.. and tried to go back to my e-mails for it but couldn't find it)

Not many reputable companies buy payday loan debt, even from legal lenders. The amounts are too small, the contracts all have arbitration clauses, there's too much heat from state AG's and, let's be honest, payday loan borrowers usually become payday loan borrowers because they burned out every other source of credit and aren't real likely to pay these loans back either. So I'd bet my right arm the company that bought this loan isn't licensed to collect anywhere - probably one of those flybynight outfits in Jacksonville, FL or Buffalo, NY.

this comany is fake. I don't know how they get all your info but they do. there are about 3 phone numbers for this company and they are always answerd by the same 2 guys. also the letter they send is said to come from an attorny by the name of John T. Sullivan, from skokie IL. and on this letter it says there is a judgement against you and shows a docket # and your full social security number which in itself is illegal. in case someone other than you gets this letter. also there is no signature from the so called attorny. I suggest you contact your local police dept or maybe local FBI office. and do not give them more information than they already have. the letter seems convincing because it shows your social security number. but take a look at other letters like that. it usually only shows the last 4 digits. anyways one of the guys goes by the name Vito Ricks, the other guy calls himself james something or other. Either way don't send them anything.

I recently received a similar letter regarding a CC account. This company is a fraudulent firm. They aren't licensed in the state of Illinois, and "John T. Sullivan" isn't licensed to practice law in the state of Illinois and he may not even be a real person.

I sent them a DV letter, and from there sent out several complaint letters: my state's attorney general, the Illinois Attorney General, the FTC, the BBB, and several departments inside the Illinois State Government that are supposed to oversee collection firms and attorneys.

I'd suggest at the very least filing a complaint with the Illinois Attorney General. Enough complaints may spark them to finally put the guys behind P.N. Financial under the jail where they belong.

Did you ever get a summons for the trial?

They took care of me by allowing me to make small payments of $25.00 dollars a month because I am on social security and live on a fixed income, so they treated me with great respect. Sorry you did not get the right rep as I did to help you.........maybe try to be open and honest as to your financial situations.. that may help......

I got a letter from the NYS Attorney General Office stating that there is a Settlement against Telecash d/b/a Cash Net USA; I am paying off a settlement offer from aka CashNet USA with this lawyer Phillips Everett & Jones LLC and they are saying that CashNet USA and the originator "Web Payday" are 2 separate entities and that I need to pay off the loan which was the original amt was $500 and turned out to be $1082 with fees and the settlement offer is $921 (wow what a difference...NOT). I don't know what to do, I am very confused what name is the actual name of the creditor and who the settlement with NYS AG is with.

I finally have gotten fed up with this company and decided to do my own investigation. President is Nelson Macwan.

The attorney that is listed on the letters is John T. Sullivan who just happens to investigate medicaid fraud in New York. He is a real attorney, but he does not work for PN Financial and since he has ties to congress, perhaps we should all write him to help shut PN Financial down.

Apparently Nelson was impressed by his ability to bring justice and is using his name to reap the benefits.

The agent listed on the account for PN Financial was Purnavati aka Parliker Rathod in Libertyville, IL. As of 1/11/10 the agent has been removed from the business listing. However, by law, there has to be an agent listed and as soon as the information is available we will update.

Mr. Nelson Macwan's current address is 8117 Kenneth Avenue, Skokie, IL 60076 and his mother is listed as the home owner. Phone number is 847-329-0494. This is all listed as public information, you just need to know where to find it. :)

You are a liar and a fraud. You either work for the scum bags or own the company.

Quote:

PN Financial is a scam. My parents (whom I haven't lived with in years and years) received several calls from them within the last few months. PN would release information about the debt, including the amt, plus they threatened criminal charges. They were finally able to get a phone # from them so that I could contact them directly. I requested their address so that I could dispute the debt, plus request any additional contact be conducted by mail. I was told by the guy who answered the phone that the only way they would release their address is if I told him, "I am a turnip who doesn't pay my bills." They were unwilling to release any information regarding the original debt and told me I owed it, so there was nothing to dispute. There is nothing listed on my credit report from PN or Cashnet.
Since then, I haven't spoke to them, but have received phone calls before 8 a.m., and muffled, threatening voicemails.
You can imagine my excitement yesterday when I received a "Final Notice of Judgment" from them with an address listed! They were also nice enough to include my correct SSN on the letter, plus a WA "docket number". The attorney was John T Sullivan ~ which I now hear doesn't exist, so I doubt he's licensed to practice law in the state of WA or IL for that matter. I did a docket search and the number referenced doesn't exist either.
I'm writing a letter to the company, sending it both regular and cert mail; plus, I'm cc'ing the WA & IL atty general, FTC, IL bar, and anyone else I can think of. We'll see if this is a valid address. . .
Someone mentioned that it is illegal for them to list my SSN on their correspondence? Do you have a reference for this?
Here is another forum that has some great background information on PN Financial. Scary, scary people -- that's all I can say!

Wow...glad I found this thread. I too have received a threat letter basically from these clowns. This one lists my wife and me both and both of our social security numbers with a balance from Bankl of America of almost $7000.00 owed??!! I have NEVER had an account (Credit Card) with BofA. I also have a docket number from Arizona which I have googled and searched through the AZ databases with no luck. Of course these guys are willing to offer a "STIMULUS" settlement amount all the way down to $2700.00!! What a stimulus huh?? For Whom I wonder??? These guys ought to be locked up!

The lawyer named on this one is STANLEY R. WEINBERG, LLC

The Docket Number isn't in any AZ's database because it doesn't exist. My guess is that it went something like, Digits - AZ - Digits? Yeah, no State in the Union uses that type of numbering system for civil courts.
I dealt with these guys back in October. Tried to collect a BofA account I never heard of using someone else's SSN number and my name and a very old address. Same threats, same nonsense. I went after them through the Illinois Attorney General and Indiana Attorney General (along with the BBB and Illinois Department of Professional Regulation).
They never responded to my DV letter but they did respond to the Indiana Attorney General. Nelson Macwan, the actual owner of PN Financial, pled ignorance and said that they had purchased a fraudulent from a fraudulent agency and that it wasn't there fault! I sincerely doubt the truth of that statement. I'm guessing they've obtained a mishmash of pilfered information and are trying to make money wherever they can.
There is no John T. Sullivan, there is no Stanley Weinberg. The owner of the company and probably the only person there is Nelson Macwan. And he's a complete fraud.
I'd suggest complaining to the Illinois Department of Professional Regulation and the Illinois Attorney General.

I borrowed $1500 from them and asked if I could make payments back to them. They advised me to send 4 separate payments of $500 each and that would satisfy the loan. They are a legal lender so I don't mind paying any fees or interest.

They will work with you, I guess it depends on who you speak with.

You paid $2,000 for a $1500 loan? And that sounds fair to you?

hey, that's much better than what i'm paying to cashnetusa :(
Quote: