Mo
Wilmington,#2Consumer Suggestion
Tue, February 17, 2004
CashNet has put me through the same thing. I took out a $300 and as of today I have paid $715, and they're still harassing me for $200 (towards the principal, they claim). Contact your state's attorney general immediately. Most attorney general offices have online complaint forms that you can fill out. Do it today! Also, you can file a complaint with the BBB. While they legally cannot take action on your behalf, a complaint filed with the BBB will carry weight with the Attorney General's office in your state. Another point: if you ask CashNet to provide you with a written statement of the balance on your loan, they will most likely refuse. This is against the law! A creditor is required by law to provide you with a written statement on your account before they can take legal action. If (and when) CashNet refuses your request, make sure to document that for your complaint with your state's Attorney General office. This company is going to try to hang you (threats of jail, etc.), but the key is, you have to hang them first! I live in DE and the Attorney General's office here has been extremely diligent and helpful in resolving my complaint. Most states aren't too friendly towards these subprime, predatory lenders, so you have that on your side.