• Report: #1188694
Complaint Review:

CashNetUSA

  • Submitted: Thu, November 13, 2014
  • Updated: Thu, November 13, 2014

  • Reported By: Feeling chapped — Harrisonburg Virginia
CashNetUSA
Nationwide USA

CashNetUSA Better off asking for money from the mafia- they appreciate customers paying early in full Nationwide

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On Oct. 14, 2014, I had an emergency and needed to borrow money for 30 days. I decided to try CashNetUSA. I borrowed $900.00. I was told the loan would be $1135 total. I thought it was a little steep, but assumed that since I was paying in full after the first intial payment due date, I would be entitled to a generous reduction in interest. 

On Oct. 31, the first payment of $221.60 was debited from my account. On Monday, November 10, I paid the balance ($980.64) in full. Because of Tuesday being a holiday (Veteran's Day), they did not debit my account until Wednesday, the 12th. Today, the 13th, I still see that my $980.64 is 'prccessing'. When I chatted online with Christopher, CashNetUSA's rep, he said it would take 2 business days to process but it would show on Friday, the 14th after 3 p.m. CST.

When I asked if I would recieve a refund for interest since I had paid in full less than a month since I had obtained the loan. He said I was not being refunded anything. I questioned him, as I was assured that my total loan would cost $1135 for the ENTIRE loan term and I had paid in full within a month. He said that he was sorry, that I was mistaken, and that there would be no refund.

My calculations state that I paid $1202.24 for a 29 day loan of $900.00. Had I known that I would have asked a friend or family member to loan me the money with a reasonable amount of interest. So, essentially I paid $302.24 to use $900 for a month. I PAID OVER 33% IN INTEREST. Does that seem right? This looks awful d**n fishy to me.


This report was posted on Ripoff Report on 11/13/2014 12:03 PM and is a permanent record located here: http://www.ripoffreport.com/reports/cashnetusa/nationwide/cashnetusa-better-off-asking-for-money-from-the-mafia-they-appreciate-customers-paying-e-1188694. 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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