PDL - Cashnet USA and FL

We need to look at the FL law...they loaned you over the max number 1. Number two if this a ipdls..it looks to me that you have way over paid them by now...hopefully somone who has worked with FL laws and/or this pdl will come along and give specifics.
Were they debiting your account in the bank?? Have you closed the account??

Morningstarr430 - Thanks for you reply.

The account has been closed since last Thrusday.
By the way, where in the blogs can I look at a sample letter requesting PIF?

queen, check to see if CashNet is licensed in Florida. I keep reading on here that they are. Frogpatch is in Florida and very good with Florida law. Also, do a google search - just on this site - for CashNet. If I'm thinking correctly, they are licensed. If so, it needs to be handled differently than a non-licensed pdl.

I'm calling the AG office tomorrow. I believe they are but under a different name of the finance company.
I dont recall. But we will sure find out.

There are several templates for letters on here that we acn find by searching in the google box...but wait until you know if it is a legal pdl or not before you decide which one to use.

You can read more about CashnetUSA here: http://www.debtconsolidationcare.com/paydayloan/cashnetusa-licenseinfo.html

Thanks, Anthony! :D

Good afternoon forum,

I was able to speak with someone at the AG office to confirm if Cashnet USA was licensed in FL, well the answer is NO. They have many companies listed under the name but I pulled the names listed on contract, which where:

CashnetUSA
Cash America Net of Florida LLC
Capitol Corporation Services Inc
NCP Finance of Florida LLC in Ohio.

There is a PD company listed in Chicago as Cash America but not in Florida so they are illegal to operate with the Florida State.

For all that live in Florida, you can fax a compliant aganist any PDL that does not have a license and they will work with the Company and can even provide a refund. How about those apples. The fax number is:
850-413-1551 Attn: Consumer Services (Banking) and
once they contact the lender, they have 21 days to responsed.

My orginal question was, once I default how do I begin to request a PIF based on: do I have to default or can I ask for the PIF now,

5 loans = 400 X rollover fees of 100 each
6 loans = 900 X rollover fees of 225 each.

Please help - Thanks

Great work, queen! :D I'm sure MANY people in Florida will be interested in that post! I hope Frogpatch sees it, as he's in Florida also. As for your question, I've found (just my opinion here!) that the pdl's are more willing to work with you once you've defaulted. If they can not access your money any longer, they have no other choice but to correspond with you and try to find another way of getting "their" payments. I, personally, stopped the debiting of my account, then sent the letters stating that I overpaid, posted my state law, told them the amount of the overpayment, and demanded a refund. It worked pretty good for me. In the beginning, I was getting refunds right off the bat. Now, others may use different tactics. I'm just telling you how I did it. And, did you ever find a "sample letter" requesting a PIF?

Hello cannr - thanks for your reply

I will let it default because like you said it would be better under my terms. BUT, if you where getting refunds and now they are using othe tactics, which would be?

As far as the PIF, I havent found one yet. I guess I can look at one of the blog.

So I am going to default first and then let them wait
for my letter. The AG office was so willing to take my case. He did say to try with them first, the funny thing cannr, no one has call me yet? weird.

Queen, I am so glad that the AG's office is going to help you!!! :)

Sassnlucy, hey -

Did you have any IPDL? The funny thing is I have defaulted on all of them and no one has called and my bank account is closed. Has anyone gone through this?
I read he forum of the horror stories and dont understand. Even Sonic, after they tried with my employer and they sent them to hell. They never called back. And they have the ba_ _ s to send me a email to reloan. Are they crazy.

Queen, Thank You!!!! I'm in Florida too and I have just defaulted with Cashnet USA. I didn't bother to really fight with them as I saw on Cashnet USA's website that they are legal to lend in FL so I agreed to a repayment plan instead of pursuing it any further. I think I just changed my mind. Please keep me updated on your battle with them. Maybe we can both win!
Thank goodness I found this place!

ald_ked with all the great advice from this forum why not fight. The AG office rep told me this afternoon that we only need to pay what we owe. These PDL are killing us with there fees and they are getting away with it. I bet you work hard and get paid bi weekly like me for someone to take more money away from us? And the way the rent is going sky high in Florida who would be pay it. And, just because the website says they are, I would not take that for granted. I have notice some of these PDL have 10 or more different company names. We all have to keep a positive attitude if not we are all going to get sick. I always say those who work in PDL in collections go home each night, eat dinner and sleep so why not us? But to tell you the truth it was dealing with the bank was worst, I can handle these clowns. Take care

See, queen? Your post has already made one person happy! ald is very excited! Thank you again for posting it! :D Go ahead and default. Like I said, they'll have to work with you since they have no other means of getting your money. So......they'll have to deal with you making payments, if that's the case. However, if you're saying that you've overpaid them, then they don't get any more money. LOL! :lol: Your AG is on your side and working on it. That is a huge plus for you. As far as a PIF letter - are you asking them to mark your account as PIF? Or are you wanting to show them you overpaid and demand a refund? Let me know which one it is you need. Or both? And - also - they haven't contacted you yet. Yes, that's eerie! But, believe me, they will eventually contact you. Sometimes these pdl's are SO SLOW at realizing what's happened! It's actually funny! I think it's all so "automated" that they don't catch on until after a while of not getting payments. So, queen, give them time and they'll come calling on you! And, don't let them get you down. Shoot, I just got an email today from a pdl that, I swear, I haven't heard from in 2 months! I was like "What the?" All of a sudden there's an email from them out of the blue saying they received my "letter of complaint". Oh, okay..... Weird is right! Let me know your situation. Whether you're looking for a PIF or a refund.

You know cannr this is hard work. I feel like I am working part time but it is all worth it.

Yes, if you can send me a PIF sample and overpaid sample with refund and lets see what happens. That would be a great help.

I have to work on the Payday OK and add all the fees I have paid and see what happens? I have read from the forum they do PIF and refunds.

How many PIF have you gotten so far?


Thank God for this forum, you all are great!

Hey queen, I had ten payday loans, 9 internet and one storefront. A couple of the pdls were pretty quick to call me, like Payday Avenue, Payday OK, and Payday Select but the rest of them were pretty slow. I think they try to take money out of your account a few times before they get the hint and try to contact you. Most of mine did it through email thank God. And yes, Sonic Cash IS crazy. I dealt with them under the dba of Payday Avenue. I got most of my pdl's taken care of with the help of this forum and the Ohio AG but not every AG's office is as helpful.

Queen-I have the same bank as you. I saw your post about the merge. They weren't that bad up here, but only because they were in the wrong. I put a stop payment on Cashnet USA and they let it through. The CS rep I spoke with on the phone should have told me I was too late. I needed 24 FULL hours. Not just put s stop payment on Thursday for Friday's debit. Some PDL's will actually debit on Thursday nights so it hits your account first thing on Friday morning.I got that cleared up and got my money back. We'll all get through this. It won't be easy, but at least we know, we are not alone, anymore.

Oh yes, queen. It is a part time job. But, you know, you're doing it and it's working. And you're saving money by not having someone do it for you! :D However, it does take work. I've gotten about 4 refunds (luckily they were easy ones to deal with through the BBB), about 3 pif's, and the other 5 (yes, I had 12 to begin with!) are ones I'm too stubborn to back down from. 4 are MTE related and 1 is one of the overseas illegal ones. So....I figure I'm doing pretty darn good. I refuse to back down to MTE. And I refuse to deal with the overseas one. Guess I'm just a stubborn person who likes aggrevation from pdl's. LOL! I'm also pm'ing you regarding the letters.

Yes, MTE. When I spoke with them, they kept on saying you refuse to pay. I said, I am not refusing but my AG office said I over paid on rollever fees and my account should be marked as PIF. They are hard a_ s. Who is your overseas one? CTL?

by the way, how is PM used?

MTE is Satan :twisted: . I can not say it enough. They are horrible liers. That's why I refuse to bow down to them and their so called "settlement offers" when it's outrageous or I've already overpaid! No, they're not getting any more money! They have a split personality like Sybil! My overseas one is Cash Today. Yes, wonderful Cash Today. So totally illegal Cash Today. And PM is easy and fun! If you look to the right, you'll see "You have 1 new message" or "You have no new messages". If you have a message, just click on it and it'll take you to a page where your messages are. Click on the message and it'll pop up for you to read. You can reply to it. There are little buttons to click on to reply.

Queen...I wouldn't be too worried about them not contacting you...if we have learned anything about these (I'm not sure what to call them in polite society) is that they react differently every minute of the day. There can be 2 of us with loans from the same ipdl and one of us will get calls every 10 minutes all day and the other nothing for months! I have 3 now that I have not heard from since I sent my letters out 06/14!

morningstarr, I keep telling you it's because they're "working" on me! LOL! They might be getting ready to download me or forward me. I'll have to let you know which one it is. LOL!

Guys, I went into my old bank this morning because I still have access to it and Cash NET USA went in 4 days before the loan is due. Do you all find that strange? Thank God that account is close but I can see things entering and things credit and being return.

Any suggestions forum?

As long as your bank is crediting you for the debits...your ok...just keep a watch on it. And no it's not strange for them to do things like that...I have one that tried 2x a day for about a week...

No, queen, unfortunatly it's not strange. These pdl's will continue to try to hit your bank account forever. You will be amazed. Some of mine kept trying to hit for over a month! This was after I'd informed them the account was closed and they could no longer debit! A little slow, aren't they? LOL! But, your bank is doing an awesome job by rejecting them. So, don't be surprised when they continue to try to debit your old account.

Cannr...I don't think any of us want to be downloaded or forwarded...I would settle though for them to delete me!!!

LOL! :lol: Oh, morningstarr, we wouldn't get lucky enough for them to delete us! Maybe they'll say that next! LOL! :lol:

you guys need to learn the law - Cashnet USA is a CSO in FL which doesn't follow the same laws!

Ok guest- so what laws do they follow?

Hey Queen,

You said that the Florida AG has been cooperative? Who have you been contacting? I have been contacting the OFfice of Financial Regulation regarding Eastside Lenders and they tell me that they are waiting for an "opinion from my office to see if we cover payday loans". I have overpaid Eastside by $162.50 and I refuse to pay them another penny. I think they sent me to Smith, Haynes and Watson collection agency, who I hear are scumbags. If you could give me the information of who you talked to, I would love to contact them.

Thanks!

Queen
I have had similar experiences to you. I have defaulted on 7 loans and was contacted regarding maybe 2 or 3.Then I was left alone. They all have my phone numbers( some have my old work #) but all have my house and cell. The worst threat i got was the one where the guy told me i would never be able to cash a check in a grocery store again if i did not pay. I have not yet had to deal with the horror stories I have heard, and I closed my account 4 months ago

they follow fl cso laws. Just like tx cso laws

CSO means Credit Service Organization. If you go to Cash Net USA's website it specifically states that Cash Net USA is acting as a CSO and is not the lender for Florida residents. It says:

CashNetUSA will not be the lender for loans received at this site. CashNetUSA is a Credit Services Organization. We will attempt to arrange a loan between you and a third party lender and service that loan once it is issued. Any questions, service issues or complaints about your loan will be addressed by CashNetUSA and not the lender.

I also found this information on what a CSO is:

I must say that it sickens me that payday loan companies can use laws put in place to help consumers rebuild their financial life, and use them to ruin it instead.

I agree Goudah...this is ridiculous!!! It's like giving them a "license" to charge outrageous fees again...Does this apply to just store fronts or does it include ipdls too??

What? :shock: So does this mean, that actually a pay day lender is using a "broker" so they can get around the law, basically? So if CashNet is a "broker" or whatever they want to be called, are they the "third party" of a different pay day lender? Call me confused. So who is the pay day lender? Not CashNet? Someone else? Oh Lordy. Goudah, you do a damn good job of finding stuff out. This is something we need to know. Now, if someone can clarify it for me in english, I would appreciate it so that I'll understand!

Pretty much if the "pdl" registers with the state as a CSO, they are totally unregulated as far as what they can charge for fees and such. They still would have to follow any interest rate caps, BUT they can charge a "fee", which is not considered interest, and there is no cap on the fee. Since there have been court cases that have found that these "fees" cannot be considered interest, they are safe to charge what they want. They do not have to be licensed.

So yes, if they are registered as a CSO the payday loan laws do not apply to them. You apply with the CSO, and the CSO, acting on your behalf, will get you a loan. They don't personally fund it, but they do service the loan. They would be the only company you would deal with.

This is how Cash Net USA is lending legally in Florida too.

You can find payday loan laws and legislation at; PaydayLoanLegislation.com .

The original CSO explanation was taken from: PaydayLoanLegislation.com/texas.html

Although the CSO reference is for Texas, the CSO Model is popping up in SC, GA, ILL, FL, OR, WA and a few more.

Because the CSO entity is not required to be "licensed" but rather simply be "registered" (typically a one page form) this model is becoming more and more popular. Particularly in states and provinces having adverse payday loan laws

Yep, it's just another way for them to skirt the laws . . . . .

This is just plain sad...:(

Okay, I think I understand now and now I'm mad. This is totally uncalled for. How can these places do these things and get away with it? Do I have to run for some type of government office position so I can have my foot in the right door and crack down on this stuff? Do they not see what's going on? And this just shows how incredibly sneaky these pdl's are. Finding holes to crawl under and give loans out a different way. Disgusting.

so, if this is the case how do i go about claiming a PIF? or I will have to work out payment arrangements?
do you believe they went into the account three times this week. Thank God that account is closed but I can still see them trying to pull funds

Queen...is this the pdl that you have overpaid?? What I did: Sent a cease and desist letter...and in it I stated how much I borrowed and how much I paid back citing the difference as an overpayment...demanding to be marked PIF and asking for a refund. Now I don't expect to get the refund but I will be elated with the PIF.

I can try to PM you a copy of one of mine if you haven't found one on the forum yet....did you figure out how to PM someone ??

cso's are allowed by the law, just like PDL's who go by state law. Why don't you just pay what you signed up for?

Guest, we all understand that if the loan is legal and following state laws we pay what we signed...the problem occurs in the loans that are not legal and are not following any state law.

who is this guest?