PDL - Florida

Cash Net USA is operating 100% legally in Florida. They are operating as a CSO ( credit services organization), so the pdl laws don't apply to them.

Just to make sure that you looked at the right place, where did you search for their licensing info? If you have the link to the govt website, post it here. Govt links are allowed in the forums.

For Florida they have a list you can download on the FL DFI website. She is right that none of the names show up.

But part of that is because they may be acting as CSO's, which don't require licensing, only registration.

Payday OK and Payday Select are the same company, and they are not licensed in FL. I haven't looked at Quickest Cash Advance, but I doubt it would be licensed.

I'M SORRY BUT THEY ARE IN ILLINOIS
Cash America Net of Illinois, LLC
200 West Jackson
24th Floor
Chicago, Illinois 60606
United States
8888019075 if they registered themselves as a credit services organization, then they must help you pay down your sdebit. offer them $5.00 per month and cancel the interst. I'M SURE THEY ARE SKIRTING THE LAWS OF ILLINOIS

No crap! I'm not talking about where they are located.

This person asking the question is located in Florida. Cash Net USA operates as a CSO in Florida. A CSO does not have to help you pay down debt. The only have to help you obtain a loan. To follow your advice would get the user sued.

CashNet and Quickest Cash Advance are the 2 that are hounding me. CashNet keeps sending me emails and Quickest Cash Advance keeps calling. The other 2, Payday OK and Payday Select, I haven't heard from them in awhile.

I would file complaints against Quickest Cash.

Since Cash Net USA is operating legally, I would try to set up some sort of monthly payment plan with them that you can afford.

A CSO can not be the one who provided him with the loan. cashnet seems to be the one who made the loan.
Get on the internet b/c i don't think they can function as both. You can not be forced to use a CSO for a loan that I can get onto cashnetusa's website and get by myself. that is why they can not fundtion as both the regulated lender and the CSO.
*A "CSO" is a business that provides any of the following services:
(1) improving a buyer's credit record, history or rating, (2) obtaining an extension of credit for a buyer or (3) providing advice or assistance to a buyer with regard to either (1) or (2) above.
It does not say provide the buyer with a loan.
Florida Department of Financial Services. 200 East Gaines Street, Tallahassee, FL 32399 (850) 413-3140.
ask them if a cso can provide loans to consumers

They are a CSO. Look it up. I actually check my info before i post. Novel idea, huh?

Their website specifically states:


They are helping you obtain a loan. Which goes under #2, obtaining an extension of credit.

The CSO is NOT LOANING THE MONEY.

In the states where Cash Net USA is a registered CSO, they DO NOT LEND MONEY. You cannot go onto their website and get a loan "from them" if you live in one of those states.

That's fishy. To me, they would HAVE to reveal who that 3rd party is. Cashnet is the one calling and the person depositing the funds in his account, correct?
Cashnet is the lender. Sandy who appears on your bank statement? Who put the funds into your account? Was it Cashnet or this mysterious 3rd party? A loan servicing company doesnot deposit funds into the customers account. A CSO would only be tending to that loan if Sandy defaulted with the actual lender. The lender would present their claim to cashnet and cashnet would chase sandy. Where does it say a CSO services a loan? Goudah, these companies will put anything on there site to discourage you. That does
not make it true. 5 of my PDl's claims to be out of the country on their sites. Only one really was. The rest I found right here in the good old USA. They need to make you think that they are in Utah or NM or overseas and now they need you to think they are actually CSO. Don't just believe it. The AG isn't playing that game with them either. Make them PROVE that someone else provided that loan. You have the right to know who gave you the loan.

Um, they are a registered CSO in Florida. They are following all the rules.

Sorry, I check my facts. Maybe you should try it.

They are operating 100% within the laws. You can try to find a hole, but Cash Net USA is the one internet based company that actually does follow all the laws for each state.

Cash Net USA is NOT THE LENDER. You cannot claim they are when it says in black and white over and over and over in your contract that they aren't the freaking lender!

The CSO model of payday lending is not something new. They know what they are doing. They are allowed to "service" the loan. They are brokers. It is very common that loan brokers service loans, deposit the money, and deal with any issues that arise.

nina - I don't know why you bother posting this crap, no one believes you. You are not helping anyone.

And i'm not just going by the pdl's website. I'm not stupid. I'm not new to this like you are.

Here is what must be in the contract for a CSO:



No where does it say that the name of the actual lender must be there. In fact, if you bothered to read anything about CSO's nina, you would see that what they are doing is normal. They are completly within the laws to deposit the money into the consumers account. It is not "their" money. They are not the lender.

You can believe what you want, but this company is 100% legal, and if you are going to f with them, you can look forward to your credit being messed up and possibly being sued.

Goudah, that's not ture. A CSO can not make a loan to a consumer and charge the CSO fee Cashnet charges to find that loan. Ha! If that were the case, the regulating agency would have no way to determine whether or not Cashnet is the actual lender. A CSO is charging Sandy a fee for connecting her to a lender. It would be violation for Cashnet to be that lender. I can't charge you a CSO fee to connect you to myself. Goudah, just say it if you don't know. Sandy needs help not our egos. Sandy should call the regulating agency and ask them. Florida Department of Financial Services. 200 East Gaines Street, Tallahassee, FL 32399 (850) 413-3140

And before you say some other lame lie, i just went and reread all the Florida Statutes pertaining to CSO's. Not once does it refer to any of the crap you bring up in your post. Those are not requirements. The lender does not have to deposit the money themselves. They are paying the CSO to do so. So give it up.

Um, I do know. Cash Net USA is not the lender. They are not making the loan!

Cash Net USA IS NOT THE LENDER!

Cash Net USA IS NOT THE LENDER!

Cash Net USA IS NOT THE LENDER!

Cash Net USA IS NOT THE LENDER!

Cash Net USA IS NOT THE LENDER!

Cash Net USA IS NOT THE LENDER!

Cash Net USA IS NOT THE LENDER!

Cash Net USA IS NOT THE LENDER!

How many times do you have to read it before you understand!

And yes, a regulating agency could tell who made the loan. They can look at the companies records. They have access to them. It's actually pretty simple to see if Cash Net USA was funding the loans or not.

You don't know what you are talking about. Period.

I don't have an ego problem. You are the one creating problems here. I think everyone will stand behind me on that one. Everything I post can be easily verified. Nothing you post can be found because it is not true.

Make them prove it Sandy. They may not deposit the funds into your account and must tell you who the true lender is. if they can't then they need to tell
Florida Department of Financial Services. (850) 413-3140 who the true lender is. Like i said, they charged Sandy a CSO fee to connect her to a lender. She has a right to know who the lender is to at least verfiy that they earned that fee.

It's actually pretty simple. For "those" who still can't understand, I will make it easy.

You apply at a CSO.

The CSO contracts with you to find you a loan.

The CSO submits "letters of recommendation" on your behalf to get you the loan.

The lender then provides the CSO with the loan, plus the finders fee.

The CSO then provides you with the loan, as they have a contract with the lender to service the loan.

The CSO then collects the payments on the loan and forwards them to the lender.

There is nothing illegal about this. I agree that the CSO model of payday lending sucks, and is just a sham to get around pdl laws, but what they are doing is 100% legal.

No she doesn't. There is no part of the law that says the CSO must not deposit the money for the lender. There is no part of the law that says that the CSO must tell the customer who the lender is.

sandy, sorry about all this mess on your thread. However, listen to goudah. As you can see, she researches all information and posts actual quotes. Do not take advice from niniDC. On another point, regarding Quickest-Cash-Advance, they are NOT licensed/legal. They are one of MTE Financial d/b/a's. Illegal. You need to file complaints on them with the BBB, the FTC, and your state AG. If you have any questions, please post. :D

Whatever the case, someone needs to demad to know who the lender is exactly. Goudah are you saying that they don't have top reveal this? NOT! What if i'm a payday lender and i jsut want to pretend to be a CSO. What's going to stop me? THE regulators by demanding that I produce the real lenders. That's how I know Goudah. Cashnet is playing games and Goudah seems to be cheering just a little too hard for them?

Please concentrate on what we're posting for you. I do apologize for this. We are here trying to help you.

Um, they have to report to the state government yes. To the consumer, no.

You can't pretend to be a CSO for long. You have to be registered with the Sec of State, and they check you record periodically. They would see if you were lending money instead of brokering it.

It's the consumer that doesn't necessarily have the right to know this. The government does. You don't seem to be understanding what I'm saying.

Sandy, I apologize too. I hate it when such misleading info is posted. I want to just ignore this crap, but don't want someone to become confused and mess their life up even more because they followed nina's advice.

Goudah--her's the law see 1 and 3 especially.
This bill prohibits a CSO and it salespersons, agents, representatives, and independent contractors who sell or attempt to sell CSO services from, in addition to existing prohibited acts, doing any of the following:

1.Directly or indirectly extending credit to any buyer.
2.Referring any buyer to a credit grantor that is related to the CSO by any common ownership, management, or control.
3.Referring any buyer to a credit grantor for which the CSO provides, or arranges for a third party to provide, services related to the extension of credit, such as underwriting, billing, payment processing, or debt collection.

Duh! They are not the lender!!!!! They are not lending money in those states.


Cash Net USA is not the lender for Florida and Texas.

Seriously, you are not understanding. They are not the lenders for those states. They are not doing anything wrong. You are trying to find fault in one of the few companies that actually follows the laws of every state they lend in. Get a life.

As far as CashNet. They are the ones that deposited the money into my account and also they are the ones taking money out of my account. This is confusing! lol

Thank you cannr for the information on Quickest-Cash-Advance. How do I go about getting in touch with the different places?

That would make Cashnet the lender and the lawbreakers. Goudah, must secretely work for cashnet. Clearly, they are violating the law. Demand to kknow who the lender is and if they can't tell you, tell your dept of justice and AG and the agency above.

Yeah, I work for Cash Net USA. You figured me out. You are just soooo smart!

Sandy - You can check with your state's DFI if you have any doubt. Cash Net USA is not the lender in your state. Just because they deposit the money does not mean the money came from them.

sandy, do you need addresses for certain ones? You can go to the bbb site (www.bbb.org) and put in the names and see if you get anything. I found a lot that way. If you can't find some, just post who you need, and I'm sure someone here has dealt with them and has contact information. :D

While you are at the BBB looking for addresses, I would file complaints with the BBB too. You can never file enough complaints! You never know which one will get the pdl to settle. Sometimes the BBB can have great results!

For Cashnet to put have funds into her account constitutes a DIRECT extention of credit to a buyer. That was #1 on the list of DO NOTs. Nuff Said

That is not true. They service the loan in it's entirety.

Just because they deposit the funds does not mean they are the lender. The actual lender sends them the funds plus the fee. The CSO then dispurses the funds. Nothing illegal about that.

I checked out the BBB and will file a complaint with them. How do I found out the FTC and AG, where do I go for that. Thanks for the help, I really do appreciate it! :D

For your state's Attorney general do a google search. You can find the ftc website at www.ftc.gov

sandy, were you able to find the web sites and file your complaints? Let us know if you need any help! :D

I'm sorry, I was really late on this thread but I have to say...............Goudah works for Cashnet USA???? ROFLMAO. I can't contain myself. Goudah is one of my best friends and I think that I would know if she worked for a pdl.

Sandy, I hope that you are getting the info that you need. You have received some great advice from goudah. She knows her stuff.

I think I understand about you saying that CashNet being an CSO. It is still ok to file a complaint with the different places (BBB, FTIC, and AG)?

Absolutly! All it means is that it's a different set of laws they follow.

Does CashNet have the right to call me here at work, luckly I was away from my desk. I checked my home phone and they left me a message there, also on my cell phone. Should I call them back?

They do have the right to call you at work, until you tell them to stop contacting you at work because you can't recieve calls there.

Should I call them back or just wait till they call back again, which I'm sure they will.

It's up to you . . . I wouldn't avoid them too luch though because they could sue you.

sandy, since they are legal, like goudah said, either call them back (if you're up for it) or wait for them to call again (which they will). Then just tell them you are not allowed personal calls at work, but they are welcome to call your home telephone. They should (hopefully) be happy with that. They'll still have a contact telephone number for you.

First let me say thank you for being so patient and helping/guiding me with this. My next question is where can I get an example of a proposal letter to send to CashNet?

sandy, do you just want an "example letter" to use to send something to CashNet regarding your account? Or some kind of "actual letter" that someone sent to CashNet? If you looking for "example letters", look up at the top of the site page, and there's a little bitty link that says do it yourself. Click on that and sample letters will pop up. Check that out. If that's not what you're looking for, just post. :D

I got a response back from the AG, they suggested I contact the AG in Illinois. Also to suggested I contact the DFS (Florida Department of Financial Services).

sandy, go for it! You can probably file complaints right on line with these agencies. Please do it. If your state AG thought this would be a good idea, it probably is. Check out their web sites and see if you can file complaints on line. :wink:

As far as the AG, should I file with Illinois AG even though I live in Florida?

I believe Quickest-Cash-Advance is illegal, I also have a PDL with them. They debit my account as MTE Financial, which I have read nothing good about on this site. I have been unable to find a mailing address under either name. I would think if they are legit, they would hav an address. I emailed my revoke authorization letter through Q-C-A's website, pretended I didn't have an account, or they won't give you that option. I am also going to fax my letter. Fax # is 866-246-0157.