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I have taken out a loan with CashNetUSA, and they debited my account for the 401.75 I owed. They say is was returned for NSF, but my bank says it was paid. I sent them my bank statement, but they have tried to debit my account for the money again, only using two amounts to get their money again. Is this legal if I did not authorize those two debits?

Have you spoken again with these people? I would say it was illegal, but that is just my opinion. I would try and speak to them again and ask if they have looked at your statement where its says the debt was paid.

Sub: #1 posted on Sat, 08/16/2008 - 22:38

Lorri Lorri
(Posts: 1721 | Credits: )

Hi there Tushay and welcome. :) It would help for us to know what state you reside in, would you mind providing us with that information? Also, how much have you paid them back, and how much did you borrow? I am moving this to the payday loan section so more people will see it. By the way, is the address below the lenders you are referring to in this topic?
PO Box 547
Lake Bluff, IL 60044
Voice:(888) 801-9075

Sub: #2 posted on Sun, 08/17/2008 - 07:44

Shazzers Shazzers
Moderators Cum Industry Expert
(Posts: 17345 | Credits: )

This was recently published in the Washington Post, also broadcasted on FOX News and CNN, to make consumers aware that 90% of Internet Based PDL companies and financial institutions are not LEGAL whatsoever, despite what they proclaim...

Unlicensed Internet Lenders

The following companies and websites have offered or are offering loans to U.S residents. We strongly advise you not to obtain a loan from any of these companies. Unlicensed internet lenders frequently charge interest and fees above what is allowed under state law. Also, if you are defrauded by an internet lender, it may be extremely difficult and time consuming, and perhaps impossible, for you to recover your losses. This is particularly true if the company is based outside the United States.

Companies Outside the U.S. (Malta)
Northway Financial Corporation Limited (Malta)
Northway Broker Limited (Malta)
Sonic (Ireland) (Canada)
DMS Marketing, Inc. (Canada)
BIG, Ltd. (UK) (Malta)

Companies that "Proclaim they Posess a Licensed to Lend", However DO NOT:
National Opportunities Unlimited, Inc.
Starlight Financial, LLC
Westbury Ventures
Loyalty Financial Solutions

Sub: #3 posted on Sun, 08/17/2008 - 14:16

Kreweofcccc_amga Kreweofcccc_amga

(Posts: 4 | Credits: )

Wow, I thought CashnetUSA had a license to lend in just about every state.

Sub: #4 posted on Sun, 08/17/2008 - 19:37

m.lm1947 m.lm1947

(Posts: 153 | Credits: )

They do. I don't know where this "article" got it's info, but they do have a license to lend in every state they do so.

Sub: #5 posted on Mon, 08/18/2008 - 07:01

goudah2424 goudah2424

(Posts: 7936 | Credits: )

Confirmed by checking:

20269 DP Cash America Net of Alabama LLC 200 West Jackson Street Suite 2400 Chicago IL 60606 1/1/2008

Sub: #6 posted on Mon, 08/18/2008 - 07:03

goudah2424 goudah2424

(Posts: 7936 | Credits: )

I can continue to post each and every license they have, which can be verified by looking at that state's licensing page.

They are legally licensed in every state that requries them to be.

Sub: #7 posted on Mon, 08/18/2008 - 07:05

goudah2424 goudah2424

(Posts: 7936 | Credits: )

Also, Zip Cash SFT does have a license in New Mexico.

I wonder where they did their research . . . . A simple licensing check would show that Cash Net USA is licensed in quite a few states.

Sub: #8 posted on Mon, 08/18/2008 - 07:06

goudah2424 goudah2424

(Posts: 7936 | Credits: )

Also, I found the source, and it is not as described above.

This is from a state's DFI, not a newspaper. It's from Illinois. But funny thing is, Cash Net USA is listed as a legally licensed company on their website!

I think it was a typo and they meant to say Cash Net 500. Illinois has taken action against Cash Net 500 in the past.

Sub: #9 posted on Mon, 08/18/2008 - 07:12

goudah2424 goudah2424

(Posts: 7936 | Credits: )

i was getting ready to say!!!!!!!! besides that typo that was a good read!!! i LOVE that pdl yes is on there :x

and the overseas places!!!!!

someone should alert them of that mistake though, someone could get into financial trouble if they don't know :shock:

Sub: #10 posted on Mon, 08/18/2008 - 08:29

danilewis82 danilewis82

(Posts: 296 | Credits: )

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