Complaint Review: CashNetUSA -
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- Author Confirmed
- CashNetUSA United States
- Phone:
- Web:
- Category: Banking
CashNetUSA Beware of the 35% interest rate that winds up being 449% interest
*Consumer Suggestion: get rid of Payday loans for a fraction of what you owe
*Consumer Comment: File a dispute with BBB
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It is amazing that the American Government does not have a watchdog watching for criminalized bank loan companies like this one that charges 449% interest? When they make the law that states this:
What is the highest interest rate allowed by law? 8% per year The maximum legal interest rate is 8% per year, with different rates applicable if there is a written agreement. Specific provisions include those involving contract rates on home loans, high-costhome loans, savings and loan associations, bonds sold below par, loans for less than $300,000, and equity lines of credit.
Interest rates as high as 449%: Loans from CashNetUSA are expensive. The installment loans have rates ranging from 129.00% all the way to 449.00%.Dec 23, 2019
This report was posted on Ripoff Report on 02/09/2021 04:17 PM and is a permanent record located here: https://www.ripoffreport.com/report/cashnetusa/beware-interest-rate-winds-1504885. 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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#2 Consumer Suggestion
get rid of Payday loans for a fraction of what you owe
AUTHOR: michael - (United States)
SUBMITTED: Thursday, March 18, 2021
https://www.fiverr.com/share/EdQVB0
I can help anyone settle for a fraction of what you on and sometimes eleminate payday and installment loans compleately! 20 plus years in the debt collection industry with focus on payday loans,
#1 Consumer Comment
File a dispute with BBB
AUTHOR: Kevin - (United States)
SUBMITTED: Thursday, February 11, 2021
If you go to BBB website all opened disputes are settled for payback of principal loaned . They are aware the interest charged is illegal (not a lawyer just my opinion) So they will never take you to court .But they will ding your credit . So they ask for principle loaned back and any interest paid is your loss.
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