CashNetUSA Is a Breeding Ground for Identity Thieves: Gives Loans Based On Limited Info Then Immediately Sells to Collectors Internet

My identity was stolen when someone who knew my name, birthday, and social security number applied for an online loan (all information that is available to anyone who takes a job application) EVEN THOUGH the other information was incorrect (my occupation was listed as a NURSE--a certification I do NOT have and have never even attempted to get--and my bank account was listed as Wells Fargo when I have been with Chase my entire life.

I was told they are an "online lender" and don't do "traditional credit checks," but that they "verified my information"... AKA they checked to make sure name matched Social Security number. Now they will not even look into the fraud until I go to the police department and file a claim of identity theft and fax (yes, FAX--as if it is 1997) the information to them.

This company is an absolute BREEDING ground for conmen and identity thieves, not bothering to verify anything beyond basic information widely available to many people, and giving people loans based on an online profile they fill out without ever speaking to them. Please help me in my attempt to make CashNetUSA recognize the fault in their lending practices by letting everyone know how poor their security is--we are ALL at risk as long as companies like this exist.

They then sold to the loan (originally $650) to a collections agency called National Credit Adjusters for $844.50--almost a two hundred dollar profit.  They passed it on to a collections agency called CDR who found my phone number by skip trace, called me telling me I owed money, quoted me my SS number, then when I accused them of being scammers yelled that if anyone was a scammer it was me.  

I contacted all three of these organizations, all three of which are requiring me to file a police report.  From reading other stories on Ripoff Report, I am betting that all of these companies are related and are making money scamming people who are insecure enough to believe that they will be prosecuted by the law if they do not pay the money.  I know that is not possible, not when the loan was given ONLINE with no signatures, no background check, no face to face contact, with only a name and Social Security number to "prove" who the person is--no judge in the world would side with them.  However, I am sure there are plenty of people out there who they can pressure into paying, who would not hang up on the company when they try and accuse me of breaking a law or running a scam.