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Cashnet500.com / Please do not take any payday loans out with this company!

1 United States Review updated:

I took a Payday loan out with Cashnet500.com and due to the extreme fees they kept on charging me I got a negative in my account and they closed my account. I opened a new account with a diff. bank and today I had over $400 worth of transactions from cashnet500.com.

I do not see how they can take fees out of an account that is not the account I received the loan on. I contacted my bank ASAP and they are starting a fraud case on them. Hopefully I will get the money reimbursed to me. That is a lot of money and I have already been speaking to a collections company they sent my account to.

Please do not take any payday loans out with this company or any other.

Va
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Comments

  • Je
      31st of Jan, 2007
    0 Votes

    I had several problems with this place as well. Have recently reported them to my AG, BBB, & State office of Financial Affairs. I also know someone that had them go into their new account. They got that info because this person after closing the first account, applied for another payday loan with another company...and they got her new banking info. See when you apply for a loan it goes to various lenders for auth. If you did this, that's why. If you didn't they may have used your SS to see if you had any other accounts out there.

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