ED Magedson – Founder
CASHADVANCE USA,Ltd.401 Congress Ave.,Suite 1545 Austin, Texas USA
CASHADVANCE USA,Ltd. CashNet,Cash4 u. They took my money to secure a loan and then they wanted more.Still no loan,no refund. Austin Texas
I was contacted by the lender that i was approved for a $5000.00 loan.I was told that i needed to purchase a greendot MoneyPak card and put $452.00 on card to show i could pay back loan. This amount was to be my monthly payment.I did this and gave the security code to the representative i was dealing with. That money was deducted from the MoneyPAK card.I was then told that i needed to purchase another MoneyPak card and put $387.00 on it.This money was to pay for document fees and wiring the loan amount into my checking account. I did this as well and gave the security code to the representative. He verified the payment of both MoneyPak purchases. I was then told that the loan was being transferred to my checking account. I went to the bank to see if funds had been transferred. Much to my dismay,the money was not in my account.I contacted the representative immediatly and he did some " checking". He told me that i had to deposit another $500.00 in my bank account in order to proceed with wire transfer. I explained that this was not possible and that i had already spent $839.00 not including $4.95 for each card. He then told me that if i purchased another MoneyPak card and deposit $272.00 he could wire me the money via Western Union.Needless to say i did not do this. I am out $839.00. The loan agreement that was emailed to me never mentioned anywhere about any more money that i needed to put out besides the $452.00 and the $387.00. And i was told that part of that money was going to be refunded to me and added to the amount of loan,bringing the total amount of loan to somewhere in the range $5600.00. This all took place on 02/25/14. As of today 02/27/14 i have not received any money in any form from this company.
This report was posted on Ripoff Report on 02/27/2014 12:25 PM and is a permanent record located here: http://www.ripoffreport.com/r/CASHADVANCE-USALtd/Austin-Texas-78701/CASHADVANCE-USALtd-CashNetCash4-u-They-took-my-money-to-secure-a-loan-and-then-they-w-1127023. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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