- Report: #946474
Report - Rebuttal - Arbitrate
Complaint Review: Cashnet USA
Cashnet USA200 West Jackson blvd Internet United States of America
Cashnet USA These loans are legal and will make you bankrupt Internet
*Author of original report: Beware of CashNet USA
*UPDATE Employee: From A Respresentative of CashNetUSA
I borrowed 850.00. They withdrew 216.58 out of my account every two weeks which is a big chunk of my paycheck. After four payments and the loan was paid off and then some, they deducted an additional 1066.58 in 'fees.' My account went negative.
Please do yourself a favor and never get a loan from any payday advance or title loan company. They will bankrupt you and they prey off financially handicapped people which makes the business downright evil. I did research and the only loan one should get would be one which is identified as a 'traditional' loan which has a percentage rate and when you make payments, you will see your balance get lower. Please, please, whatever you do, do not take out one of these loans. I learned the hard way and still don't know how I am going to get out of this mess. The kids and I already moved into a motel b/c I couldn't keep up with the draining of my funds and my bills.
If you think it cant wait and you need money now, it HAS to wait or you will never be on your feet again. Sincerely, caring for you...please take my advice.
This report was posted on Ripoff Report on 09/25/2012 02:12 PM and is a permanent record located here: http://www.ripoffreport.com/r/Cashnet-USA/internet/Cashnet-USA-These-loans-are-legal-and-will-make-you-bankrupt-Internet-946474. 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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