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CashNetUSA

Date: Fri, 08/15/2008 - 19:30
Submitted by on Fri, 08/15/2008 - 19:30
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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?


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?
CashNetUSA
PO Box 547
Lake Bluff, IL 60044
Voice:(888) 801-9075


Submitted by Shazzers on Sun, 08/17/2008 - 07:44

Shazzers

( Posts: 17344 | 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...


Quote:

BORROWERS BEWARE:
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.
Cashtransfercenter.com (Malta)
Northway Financial Corporation Limited (Malta)
Northway Broker Limited (Malta)
Sonic (Ireland)
MyCashNow.com (Canada)
DMS Marketing, Inc. (Canada)
BIG, Ltd. (UK)
PayDayMax.com (Malta)

Companies that "Proclaim they Posess a Licensed to Lend", However DO NOT:

Cashnetusa.com
Zipcash-SFT
Speedypayday.com
itsmypayday.com
National Opportunities Unlimited, Inc.
Starlight Financial, LLC
Payday-Loan-Yes.com
Westbury Ventures
Loyalty Financial Solutions
DiscountAdvances.com
ImpactCash.com


Submitted by Kreweofcccc_amga on Sun, 08/17/2008 - 14:16

Kreweofcccc_amga

( Posts: 4 | 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.


Submitted by goudah2424 on Mon, 08/18/2008 - 07:12

goudah2424

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