200cash.com ripoff Wilmington Delaware
I had applied online for a cash advance at 200cash.com They said I would get an email confirmation if my loan was approved. Well, I never got an email, nor the money, but an application fee of 19.99 was withdrawn from my checking account. I have applied to cash advance loans online before, and I have never been charged a fee. I have sent them an email. Beware of this company--don't apply online for a cash loan with them.
Jose
Hammond, Indiana
U.S.A.
1 Updates & Rebuttals
Don
Columbia,Maryland,
U.S.A.
Rebuttal / 200CASH.COM, INC
#2UPDATE Employee
Tue, December 06, 2005
1. There is a notice for the application fee on the last page of the application process. It is in large text and in plain view. See here:
https://www.200cash.com/secure/new_check.asp
2. The courts understand that application fee means a fee to apply and, like other industries, is non-refundable and is used by the company to offset application and credit / employment verification. Payment of this fee has no bearing on whether or not the applicant is ultimately approved and funded. (Many of us remember paying an app fee for an apartment rental app for example. This fee is never refunded if they don't approve you)
3. The website allows the applicant to simply leave at any point and avoid the app fee charge.
4. The approval notice is conditional. The text says approved pending verification of your information. This allows them a chance to verify the information submitted before making the loan.
5. The approval (pending) notice comes AFTER pushing the submit button UNDER the app fee notice text, not before.
6. 200CASH.COM, INC. is licensed in the State of Delaware as a Small Loan Agency. License number: 2003102706. This can be confirmed by contacting the State of Delaware, Division of Revenue. (We are not a Bank or Financial Institution, we are a Small Loan Agency.)