ED Magedson – Founder
www.cashwebusa.comApartado Postal 19, Plaza Colonial Escazu Internet Costa Rica
www.cashwebusa.com Predatory Lender Charges Thousands For Small $500 Loan Internet
I applied for a loan with www.cashwebusa.com. I was immediately directed to the bottom of the document to sign the loan agreement. I pity the people that do not scroll up to review the finance charges. This company wanted to loan me $500, and then charge me $2,467.50 in finance charges. The total payments of $2,967.50, would have taken a year to pay back. When I contacted the company to cancel the loan and let them know they would not be ripping me off, I received another email stating that Adverse Action had been taken against my credit report and that the loan suddenly could not be funded. After researching this company, I found that they are not a licensed lender. They should not be able to lend money, check someone's credit report, or take adverse action against a credit report if they are not licensed. I have already reported the company to the FTC and will also report them to the BBB and any other sites available. [continued below]....
aka Cowboy Productions, Limitada
Apartado Postal 19
Plaza Colonial Escazú
San José, Costa Rica
Phone: (277) 365-0631
Fax: (855) 365-0631
DO NOT ACCEPT LOANS FROM THIS UNLICENSED PREDATORY LENDER!!!
This report was posted on Ripoff Report on 05/16/2013 03:31 PM and is a permanent record located here: http://www.ripoffreport.com/reports/wwwcashwebusacom/internet/wwwcashwebusacom-predatory-lender-charges-thousands-for-small-500-loan-internet-1051504. 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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