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Report: #1329331

Complaint Review: Cash Net USA - Internet

  • Submitted:
  • Updated:
  • Reported By: Aggrivated — Scottsboro Alabama USA
  • Author Confirmed What's this?
  • Why?
  • Cash Net USA Internet USA

Cash Net USA Can't Pay Any Principal Chicago Illinois

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I did a payday loan thru Cash Net USA, well after I paid it off I got an email that I was approved for a line of credit through them. I needed some money so I applied for a $1000 loan. I will have paid $$848.12 next week when my payment goes through. But I will still owe $1252.43 on the principal, because nothing I have paid has been applied to the principal at all.This is amounts for fees and interest that I have been charged. $150 for fees and $85.19 in interest for July, $229.36 for interest in August and $279.07 for interest in Sept. This is amounts of payments I have paid, $177.19 in July, $314.00 in Aug. and $356.93 for Sept, which will go through the bank next week. I would like to see a reduction in the principal instead of an increase every month. There should be some regulations placed and enforced on companies like this. They take advantage of people.

This report was posted on Ripoff Report on 09/21/2016 07:00 AM and is a permanent record located here: https://www.ripoffreport.com/reports/cash-net-usa/internet/cash-net-usa-cant-pay-any-principal-chicago-illinois-1329331. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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