In mid December 2009, I went online and borrowed $250.00 from cashnetusa.com
I was given an extension for the first payment of $ 57.00. Cashnet kept debiting my bank account over and over and I had to close it. I received another notice of past
due amount for $ 87.00. I sent an overnight payment in February to the address posted on their website by UPS with a tracking number, and a money order for $315.00 for the total of the original borrowed amount plus an additional $65.00 for late fees and interest.
They called and sent me another e-mail demanding payment. I forwarded the tracking information along with the name of the person who signed for it at the address sent to me by e-mail.
What a nightmare. I ended up paying the bank a lot of fees for ACH debits, and the bank was good enough to waive some of them. I also had to close my account, and open another one.
It seems to me that they have violated usury laws here.
S. Adkins
Houston,#2Author of original report
Mon, March 01, 2010
I sent the total amount due to cash net plus an additional $ 65.00 overnight to the address in Chicago on their e-mail by a money order and they are sending me e-mails that my account has been noted but it has not been received. I have a copy and the UPS delivery signed at their office and the receipt for the money order.
Also, they were sending me a "severe 90 days past due" It has not even been 90 days since I took out the loan and paid it back. I have to pay over $300.00 in addition for debits to my bank account. I closed it.
There is something wrong about this company procedures, and I am very concerned about possible other fraudulant activity associated with it.