• Report: #154128
Complaint Review:


  • Submitted: Thu, August 18, 2005
  • Updated: Mon, December 05, 2005

  • Reported By:Missoula Montana
200cash.com Internet U.S.A.
  • Phone:
  • Web:
  • Category: Loans

200cash.com takes money but never gives, ripoff Internet

*UPDATE Employee: Rebuttal: 200CASH.COM, INC.

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I recently applied for a loan with 200cash.com and was promised to get an email in the mail of confirmation that my loan had been approved. Like everyone that has left comments about this company, that is a lie. My account was debited for the amount of $19.00 for an application fee.

I started to get a little worried, so I found there name and where they said they were liceansed as a payday lender (state of Delaware), so I gave the division of banking and financial instiutions a call in delaware to see if there was a liceanse for them, and of course, there was none.

Then, when the debit to my account arrived, I contacted my bank and issued an unauthorized charge on my account for that ACH, and they took it off. They told me to just keep watching the account, if any others occur. If so, we will continue to do the same thing.

If anyone has these kind of charges to there account, they need to go to the bank and refuse to accept the charges and they will deny the ACH withdrawl. If this company tries to take you too court for this loan they never disbursed, the bank will be able to help and say there was never a ACH deposit for the amount of $200.00 in the account from this company.

Hope this helps anyone who is reading this. Payday OK and Payday One are GOOD internet payday companies that are cheap and actually exisit in New Mexico.

Missoula, Montana

This report was posted on Ripoff Report on 08/18/2005 11:00 AM and is a permanent record located here: http://www.ripoffreport.com/reports/200cashcom/internet/200cashcom-takes-money-but-never-gives-ripoff-internet-154128. 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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Updates & Rebuttals

#1 UPDATE Employee

Rebuttal: 200CASH.COM, INC.

AUTHOR: Don - (U.S.A.)

1. There is a notice for the application fee on the last page of the application process. It is in large text and in plain view. See here:


2. The courts understand that application fee means a fee to apply and , like other industries, is non-refundable and is used by the company to offset application and credit / employment verification. Payment of this fee has no bearing on whether or not the applicant is ultimately approved and funded. (Many of us remember paying an app fee for an apartment rental app for example. This fee is never refunded if they don't approve you)

3. The website allows the applicant to simply leave at any point and avoid the app fee charge.

4. The approval notice is conditional. The text says approved pending verification of your information. This allows them a chance to verify the information submitted before making the loan.

5. The approval (pending) notice comes AFTER pushing the submit button UNDER the app fee notice text, not before.

6. 200CASH.COM, INC. is licensed in the State of Delaware as a Small Loan Agency. License number: 2003102706. This can be confirmed by contacting the State of Delaware, Division of Revenue. (We are not a Bank or Financial Institution, we are a Small Loan Agency.)
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