Paying back double the loan amount. Will never take another loan again. The interest is insane. DONT USE THIS COMPANY.!
DO NOT USE THIS CRAP! I CANCELLED IMMEDIATELY!
LET ME EXPLAIN THE REPAYMENT PROCESS... You borrow $850 from the lender that contacted me (Cashnet) I contacted them on about the 11th of the month ALL of the money was going to be due back on the 20th of the same month. However, The State of Texas can do 4 extensions.
When you request an extension (1st request) you must pay the interest and fees of that loan $221 none of which goes to the initial $850... You get a new due date for ALL of the $850 again...
If you need another extension (2nd request) you must pay the interest and fees of that loan $221 none of which goes to the initial $850... You get a new due date for ALL of the $850 again...
If you need another extension (3rd request) you must pay the interest and fees of that loan $221 none of which goes to the initial $850... You get a new due date for ALL of the $850 again...
If you need another extension (4th request) you must pay the interest and fees of that loan $221 none of which goes to the initial $850... You get a new due date for ALL of the $850 again...
Each time if you wanted to pay on the principle you would have to pay the $221 + any additional money for the principal
Called cashnet to cancel loan. Was told the funds deposited would reverse out of my bank account in a few days. Called back days later and was told the cashnet employee did not record my request, employee recorded that it was a hang up call. Now they tell me I am stuck with the loan at a ridiculous rate. What bull$#*!. Stay away!
Answer: Their website makes them look legit. You can choose a payday loan that isn't as irresponsible as these people
Answer: Total scam. Interest fees are insane and they charge a daily "administration fee" based on how much you still owe. Yes, its basically another interest fee.
Answer: NO! They take more payments than they say they will
CashNetUSA has a rating of 1.3 stars from 103 reviews, indicating that most customers are generally dissatisfied with their purchases. Reviewers dissatisfied with CashNetUSA most frequently mention high interest, bank account and customer service. CashNetUSA ranks 134th among Payday Loans sites.