cashnet usa here i come

6099 Courtly Alcove Unit F
Woodbury, Mn 55125
May 8, 2007



Cashnetusa
P.O Box 06230
Chicago, Il 60630


To Whom It May Concern:

I am getting tired of your phone calls and rudeness.. I have sent emails and faxes regarding my account and cashnetusa has failed to respond to my letters.

After doing some research I have discover that cashnetusa does not have a license to operate in Minnesota so and therefore is in violation of several state laws regarding your lending practices. If you wish to pursue this matter thru further collection efforts you will be hearing from the Minnesota attorney generals office and the better business bureau

Furthermore after doing addition research the interest on this loan is considered null and void due to rollovers being prohibited and not having a license to issue payday loans any payments including rollover fees go towards the principle of 200 dollars the total I owe cashnetusa after all payment is 130 dollars. I have not taken any action as of now but will not hesitate if your company failed to respond to my settlement of 130 dollars within 14 days after receiving this letter. All phone calls must cease to me.. all communication must be done in writing if you fail to comply this notice will give me permission to record all phone calls made after this notice is received.

If however you are able to prove me wrong and show written proof of your license to operate in this state, and that you have followed all applicable lending laws then I will be agreeable to pay the balance with interest. In the absence of such proof I am only going to pay the principle of 130 dollars.

Sending my account to a third party collection agency like 1st credit of America will result in me immediately filling a complaint with my attorney generals office and the better business bureau, so I think it will be the best interest of everyone to accept my settlement of paying the principle of 130 dollars.