Report: #1495538

Complaint Review: CashNet Loans, Inc - Chicago IL

  • Submitted:
  • Updated:
  • Reported By: WMS4Yeshua — Bensalem United States
  • Author Confirmed What's this?
  • Why?
  • CashNet Loans, Inc 175 W Jackson Blvd Suite 1000 Chicago, IL United States


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Received a VERY suspicious email from a company calling itself CashNet Loans, Inc, stating that I owe $894 for a pay day loan I NEVER APPLIED FOR. Check out the email below and see what I mean.

CashNet Loans Inc. 

Attention WENDY SADDLER Phone# (215)638-3461 

Account Balance: $894.00 

Case File: SRW/9851478309488/MAY-RT-2020 

Creditor: CashNet Loans Inc. (Cash Advance Loans) 

Payment Plan: $149.00 x 6 Payments (Biweekly payments) 

Payment Mode: Secure Online Payment Service (e-Invoice) 


We refer to our above Invoice and previous requests for payment. We note that despite our requests this account remains outstanding. Please note that you are now in defaulters list. Unless if you attend to pay good faith amount within seven working days from the date of this letter, it is our policy to refer the matter to our Collection Agent, Fast Track Debt Collection Attorney, for recovery without further notice. Please note that if such action is necessary you will also be liable for collection costs and interest pursuant to our terms & conditions of trade in addition to the total debt amount. We understand that sometimes bills can be inadvertently overlooked or not prioritized. Your response is mandatory towards this matter. If we won't receive any payment within seven working days, this case will be taken as flat refusal which will result in following actions: 

· Your account will be in the hands of our qualified lawyers to get a lawsuit filed against you. 

· This action will affect your credit rating. 

· We may also report this to the I.R.S. as “bad debt loss” with form 1099-A if payment is not received.

 · We have filed Wage Garnishment Process and ready to contact your employer and Social Security Department. 


You will be prosecuted for following Allegations;

 · Bank Fraud 

· Violation of Federal Law of Debt and Banking

 · Intentional Theft by Deception 

There will be no further reminders regarding your outstanding debt. Court proceedings can include the additional expense of legal costs and interest being added to the balance of this account. We tried out best that you give this matter appropriate attention and attend to pay your outstanding debt, so that no further action will be necessary on our part to recover debt through harsh collection proceedings. 

To settle this matter outside of court email us 

(Payment Arrangement: $149.00 x 6 Payments):


Settlement Amount: $894.00 

Payment Plan: $149.00 x 6 Payments 

Offer in Compromise: $450.00 (Today) 

Payment Mode: Online Secure Payments


 Payment Recovery Department 

175 W JACKSON BLVD #1000 

CHICAGO, IL 90003 


CashNet Loans Inc. Account Settlement | CashNet Loans Inc. © 2020 | Privacy | Terms of Use | Confidential 



Upon further examination of this letter, noticed the discrepancies in the address at the bottom, as well as the way the letter was worded, and began research. Looked this up on the BBB site and found the folllowing:







Just wanted to give everyone a heads up on this.

This report was posted on Ripoff Report on 05/22/2020 09:14 AM and is a permanent record located here: https://www.ripoffreport.com/report/cashnet-loans/chicago-il-brett-coughlin-pay-1495538. 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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