CashNet500

Looks to me like they are playing games with you. Keep reminding them that they are bound by the laws of the state in which the borrower lives. I would file a complaint with the BBB, Attorney General, Consumer protection in your state and include all letter received from Cashnet500. Do not back down from them.

I have already notified the BBB of Utah. I also contacted my bank last night and let them know what was going on, just in case my account was debited again. The bank rep put a block on their "ACH ID" so they couldn't pull any money. As for the BBB, they say that Cashnet has until May 30 to respond.

Did you also file with the BBB in your state also?

Not yet, planning on doing it today.

This is kind of funny. Last week I sent McFeeters an Email requesting a copy of my Original "Signed" contract. He in turn told me to send an SASE. I did,and guess what,no contract yet! I just sent him an Email requesting it again. By the way..It was Cc'd to my
counties clerk of courts!

So this does this mean they can only sue in their state.... So say they are in Nv then the will be ueing me from the court in NV? i dont get it..

They have to sue you in your own state, Katie..Which they won't do if they're not licensed in your state, because they will be prosecuted themselves.

Kbraveboy..
Sure sounds like my communication with this "tim" guy verbatum!!!!
I have several emails that are exactly like yours..these people are tough nuts to crack! They also added over $500 in fees to my outstanding loan..I already paid them over $900 on a $300 loan...now they want more..
Lookout for them...

So I received a communique from McFeeters regarding the SASE I sent in order to get a copy of my "Contract".... It goes like this;"So,where did you send this "supposed" envelope?"
Wow! Pretty professional I thought! Just goes to show,anybody can obtain a license for anything!

Reading the 1st post. Its does not seem like Tim believes you have an attouney and is calling your bluff. Did you send him his contact info?

I have been dealing with them as well but they do not have my banking info. They do not present themselfs as a professional outfit at all. Good news is they are located in the US so they are subject to all Federal lending laws and have to face the consequences of breaking them.

I don't have an attorney. I Already have a court date and Docket number though. Been spending alot of time doing research at my local court house library.

Pay check now - has anyone dealt with them - I need to pay them what I owe - but they won't talk to me until I give them my checking account number and I don't want to give that to anyone

dd,

Don't give out your checking account info. Use money gram to send your payments to the company. Have you reviewed the itemized statement of this account before sending the payment?

Ok. So I talked with a rep from my bank about my 1st post at the top of this forum. She blocked the ACH ID for Cashnet/Global Payday. But, this morning, I checked my checking account, and surprise....there was a "generic check" made out to Global Payday for $380. In the signature line, it stated that my signature was not required. HELLO?! Didn't I already tell the so-called manager of this PDL that I did not authorize these payments? Anyway, I called my bank and she was going to have it investigated. I told her that I would gladly fax all of the info that I had from them (including the part where I stated the they were not authorized to take money from my account). I have reported this company to the BBB, even though BBB cannot even get a response from them. I am planning on sending the bank the BBB complaint form also. The lady at the bank tells me that maybe I need to change accounts with the bank. I really hate to have to do this again. Does anyone have any advice for someone who is having such a hard time?

Take your bank's advice and close the checking account. Don't allow Global Payday to make unauthorized debits in your checking account. If you are not interested to close your account, get the id code of the company blocked by your bank. They will not be able to make debits with different amounts. Try this and you won't need to close your account.

What a crooked company!!! And the so-called manager? But, I guess with these companies they don't expect their executives to be able to do things like spell---they just want them to harass and con and swindle innocent people out of their money. Makes me sick! :x Good for you on reporting them!

I did block their ID code, but they created a so-called check for my account.

If I were you I would definately close the account. Don't give them any account information then. These people are swindlers and if they are illegal in your state than there's nothing stopping them from continuing other illegal activity.
As a matter of fact, they are still attempting to debit from my closed account, that will add any other fees to my "so called" balance with them.
That's just my advice to you, don't play with them, just close it.

Now I am really freaking out. I called my bank back and they told me that their hands were tied and I couldn't get my $380 dollars back. That was my rent and my light bill. I don't know what to do. I'm crying my eyes out right now. The bank is telling me that this is between me and cashnet. I can't even get anyone at cashnet to talk to me.

kbraveboy

Ask your bank to give you the results of the verification done with CashNet. The point in concern is that CashNet should show you proof of the legitimate debit done. If they fail to verify the item, you can take help of your attorney and file legal case.

I am sad about your bank not able to revert the money but you must have something in document so that legal actions can be pursued.

kbraveboy...If I were you I would march right down to the bank and speak to the manager. Tell them that you did not authorize this debit and demand your money be deposited back into your account. That's ridiculous that they won't help you since you stoppped the debit and they allowed it to go through anyway, that is their problem not yours! Tell them they will have to call your landlord and power company to explain to them what they've done....Call your power company and your landlord and explain to them what happened at your bank. Maybe they will give you some more time.

If you did not authorize the debit to occur on that date, then it is unauthorized debit. You tried to stop the debit and they still allow it to go through. THe bank SHOULD honor your request and reverse the amount back to your account. It does not matter if it is between you and CashNet500, if you do consent for that amount to be taken out then you should file the unauthorized debit dispute. It is not up to the bank to decide if its authorized or not since it is YOUR ACCOUNT!

You may also want to consider closing your account and opening a new one. That way, Cashnet will not try to pull any more funny business against your account.

Can I do that even though it was not a debit. These people actually created a paper check with my account info. The bank is saying that since I gave them the info in the first place, that their hands are tied.

Another bank serving it's customers...

I would ask if it's possible to stop payment on that check. If they did not have your signature on the check how was it able to clear?

Hands are tied my a$$!
Did you go to the bank yet? Cashnet fraudulently issued a check without your authorization...if you've not authorized any kind of debit from your account from cashnet, then they need to reverse it period!
Get your hiney to the bank pronto and talk to the branch manager.

There was a little note on the signature line that says "Signature not required. Your depositor has authorized this payment to payee. Payee to hold you harmless for payment of this document. This document shall be deposited only to credit of payor. absence of endorsement is guaranteed by payee."

Do you have your cashnet contract? See if it says anything about issuing a paper check, if not, show it to the bank...

Unfortunately, the bank does have its hands tied. It is the same premise if you do a check by phone with your mortgage company, car lender, or any other creditor. CashNet500 used a work around on this one by bypassing the ACH debit to create a check for deposit. Furthermore, it is agreed upon by both parties in the fine print to make good on the debt by any means possible. The check was their means. Honestly, kbraveboy you should just close the account and notify the utility company and landlord of the situation. The utility company will be compassionate in most cases if you have paid on time in the pass. The landlord will be cool, if you pay the late fees and have been astute about paying on time...furthermore, they cannot afford to allow an unit empty and you usually have 60 days before an eviction notice can be enforced by the courts. This information needs to be confirmed by someone with more knowledge of the laws within your state.

Jay..great advice. Wish these banks would disallow this type of shennigans...if you go there and tell them not to allow a company to debit, then they need to honor that! When I stopped debits on my account, they(the pdls) tried the same thing with me. My bank wouldn't allow ANY type of withdrawals from my account, no matter what type of electronic shindigs they tried.
I just don't understand this, the bank just stopped ACH debits, not all withdrawals in this case.
I guess if you don't use their lingo, they won't offer any other kind of help. Sounds like semantics to me, the bank's at fault here.

I do not have my contract and when I called them, I was told that there was a $20 charge to get a copy of the "signed" contract.

Why am I not surprised by that! Those thieves.
I hate to say it, but you may be outta luck with this one...
Close your account, and tell the bank to STOP all and any kind of withdrawals on your account, checks or otherwise...
Then try to work out something with your power company and landlord.
When I was having trouble with my pdl's, I was late with my rent for 3 months in a row until I got it squared away. Sure I had to pay late fees, but they were very understanding since I had never been late before.
Let us know what happens.

kbraveboy, if you shut your account, make sure to advise the bank that you do not want ANY debits being forwarded to your new account. This can happen if the debit is sent through prior to the account being closed, it is rare, but it is just for good measure.

After I closed my account, my bank wouldn't hear of opening a new one. I hightailed over to my credit union and opened one there. NO ONE knows that account number.
I would suggest going to another bank and opening a new account. Just make sure you close your other account without a negative balance, or it will go to checksystems, or telecheck.

Hi everyone! I just had this prob yesterday. I had a loan out with Cashnet in the amount of $350- $455 with fees. Sudenly, yesterday, a transaction for $590 was taken from my account to Global Payday Loan LLC! Also with the msg at bottom that the Signature was not required that the "depositor has authorized this payment to payee. on this "check" there is a number jsut to the left the said msg. it is: 4364821. does this # show up on the check presented to your bank? I am thinking that this is their ID# and all future payments to this # can be blocked by the bank. I am going to talk to my bank about it today. Let me know what you see.

The numbers beside mine are 2725360. I don't know if this is an account number that they use or what. I spoke with my bank manager and he pretty much told me the same thing that the representative did. I was told to close my account. Hell, they've already got the money. I just want it back. I tried to call these jerks at cashnet and of course, no one there will speak to me. What a$$holes. :evil:

HEY THERE! I just got off the phone with my bank. and back a couple of months ago when Cashnet withrew the finance charge of $155... they were listed as Cashnet - but with the same ID# of 4364821!! So all you have to do is make sure the bank has that number included on the stop pay... that's it. Cool!! Hope this helps ya!!

I tried that, they still won't budge.

The Bank's hands are NOT tied. All you have to do is talk with the collections dept at the bank. They have a form for you to fill out explaining the situation. the bank will credit your account with the amount taken without authorization and they will start an investigation. My bank has done this for me twice now. You just have to talk to the right person. and if that means going to the president .. then you go there. whoever you are dealing with, with this bank is basically letting them get away with fraud!! Go back to your bank and don't leave until you get an answer..

I went to the bank and the branch manager told me that since I gave them the info in the first place that they couldn't do anything.

kbraveboy..how long have you had this loan? How much have you paid on it?

What Bank are you dealing with?? Sounds like you need to move to a different bank all together. Yes, my bank knew that I gave them my banking info.. but they cannot take out any UNAUTHORIZED funds. If you told them to take only the finance charge and they took the whole thing.... that is UNAUTHORIZED and your bank needs to honor that. Go talk to the president of the bank! Get MAD with the bank. That is just wrong!

I bank with Wachovia. I did speak with the Fraud department and they told me the same thing.

kbraveboy...what's the story? How much have you paid into so far?

I'm very sorry your bank won't cooperate with you. I have never heard of a bank acting in that manner before.. makes me sad.

so what is the verdict on cashnet500? i never could use them have applied with them before but they rejected me which i guess is a good thing

DO NOT LOAN WITH THEM!!!!!

i haven't they wont even give me a chance.

Just say "NO!" to any and all payday loans! Period.

ID Crisis--Feel BLESSED that you were rejected by the animals.