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Report: #1185162

Complaint Review: CashNetUSA - chicago Illinois

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  • Reported By: Legal-Usury(alias) — Baltimore Maryland
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  • CashNetUSA 200 West Jackson Suite 2400 chicago, Illinois USA

CashNetUSA Usury, 100% Interest, Worse than a Mob loan Shark chicago Illinois

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CashNetUSA is an Online Loan service. If you pay on a bi monthly schedule you will pay 100% interest in addition to the original loan amount. I borrowed $1000 and asked many different ways what my highest service fee/Interest would be...Over and over again they said the max would be 25%...Turns out you pay a 25% service fee for each payment...so if you pay the 1000 off immediatly then approx 25% of the 1000 or 250...I you have trouble and need to adhere to the automatice bi-monthly you pay 25% each time...so in my casee I paid nearly $1000 to borrow $1000...Beware...This is an amazing example of modern day Usury and I am surprised the governmnet has let these evil loan sharks exist. They of course point to the fine print in the terms when confronted...Horrible, evil people!

This report was posted on Ripoff Report on 10/27/2014 09:29 AM and is a permanent record located here: https://www.ripoffreport.com/reports/cashnetusa/chicago-illinois-60606/cashnetusa-usury-100-interest-worse-than-a-mob-loan-shark-chicago-illinois-1185162. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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