- Report: #1188694
Complaint Review: CashNetUSA - Nationwide
Reported By:
Feeling chapped -
Harrisonburg, Virginia,
Submitted:
Updated:
-
Author Not Confirmed
Why?
CashNetUSA
Nationwide, USA
Web:
www.cashnetusa.com
Categories:
Business Rating:
(0)
Tell us has your experience with this business or person been good?
CashNetUSA Better off asking for money from the mafia- they appreciate customers paying early in full Nationwide
On Oct. 14, 2014, I had an emergency and needed to borrow money for 30 days. I decided to try CashNetUSA. I borrowed $900.00. I was told the loan would be $1135 total. I thought it was a little steep, but assumed that since I was paying in full after the first intial payment due date, I would be entitled to a generous reduction in interest.
On Oct. 31, the first payment of $221.60 was debited from my account. On Monday, November 10, I paid the balance ($980.64) in full. Because of Tuesday being a holiday (Veteran's Day), they did not debit my account until Wednesday, the 12th. Today, the 13th, I still see that my $980.64 is 'prccessing'. When I chatted online with Christopher, CashNetUSA's rep, he said it would take 2 business days to process but it would show on Friday, the 14th after 3 p.m. CST.
When I asked if I would recieve a refund for interest since I had paid in full less than a month since I had obtained the loan. He said I was not being refunded anything. I questioned him, as I was assured that my total loan would cost $1135 for the ENTIRE loan term and I had paid in full within a month. He said that he was sorry, that I was mistaken, and that there would be no refund.
My calculations state that I paid $1202.24 for a 29 day loan of $900.00. Had I known that I would have asked a friend or family member to loan me the money with a reasonable amount of interest. So, essentially I paid $302.24 to use $900 for a month. I PAID OVER 33% IN INTEREST. Does that seem right? This looks awful d**n fishy to me.
