ED Magedson – Founder
CASH NET USA200 West Jackson, Suite 2400 , Chicago, Illinois USA
CASH NET USA Unethical charges of fees, unclear as to repayment terms Chicago Illinois
Dear wise consumers,
I would not recommend this company if you are looking to be set up on a payment plan and unable to repay within 2 weeks. They offer line of credits...ie : 1250 my payment every two week 191. and they access fees daily in addition to charging fees for carrying the loan. On an average 75 % of your bi weekly repayment is alloted to fees and only 25 % goes to your balance. Their wording in the contract is deciteful and they advertise a 24 % interest ...however they continue to allocate additional fees. Therefore for a 4 month repayment option ( bi -weekly) you are charged approx 60 % interest ( with regards to all the fees they alacarte). As a last resort, unless you can immediaetly repay within 2 weeks.....i would reconsider. I am so disappointed in their morals and ethics!!
This report was posted on Ripoff Report on 12/03/2013 04:55 PM and is a permanent record located here: http://www.ripoffreport.com/reports/cash-net-usa/chicago-illinois-60606-694/cash-net-usa-unethical-charges-of-fees-unclear-as-to-repayment-terms-chicago-illinois-1104085. 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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