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Cashnet

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Jeane

New member
I borrowed money from Cashnet USA in 2005. I thought I had paid it as it was an automatic debit from my checking account. 3 years later a collection agency told me I still owed them 200.00. I made arrangements to put the money on a MC I bought at Walmart. I paid the amount they asked for. I have been contacted twice sisnce saying I haven't paid. What is the statute of limitation on this debt. I can no longer find the proof I had of payment.
 

PayrollHRGuy

Senior Member
There is no statute of limitation on collecting the debt. There may be one on suing you for it.

When did you make that payment?
 

quincy

Senior Member
Was there a judgment?

Statute of limitations: 10 years (renewable) on judgments. 6 years on oral or written contracts.
 

PayrollHRGuy

Senior Member
From the Minnesota AG's office.

Internet Payday Loans Are Especially Problematic
Tight finances can lead people to look for instant payday loans on the Internet. People should be on guard against Internet payday lenders that evade state interest rate and consumer protection laws by operating online without proper state licensure. Numerous payday loan websites operate on the Internet. A customer generally types in his or her personal information, including Social Security and bank account numbers, and the loan is deposited into their bank account within hours. If the loan is not repaid on time (generally within two weeks), hefty finance charges are automatically debited from the consumer’s bank account every two weeks. The borrower can soon incur interest that exceeds the amount of the loan.

Some Internet payday lenders try to evade state interest rate and consumer protection laws by getting licenses in states without meaningful restrictions, by operating without state licenses at all, or by setting up operations outside of the country or under American Indian tribal authority and claiming that loans are made subject to the laws of the home country or tribe. Minnesota law, however, makes clear that online payday lenders that lend money to Minnesota borrowers are subject to the requirements of Minnesota law, even if the lender is physically located in another state.

People should always check—before they sign up—to find out if an Internet payday lender is registered with the Minnesota Department of Commerce to make small consumer loans in Minnesota. Some consumers encounter legal problems when they dispute the amount owed under an Internet loan contract. Also, consumers who borrow online often have difficulty communicating with Internet payday lenders, who can be hard to locate to resolve disputes. Be wary about giving out information online to unknown Internet companies. This can expose you to potential privacy and identity theft risks, and a disreputable Internet company can use your bank account information to drain your account.
 
I borrowed money from Cashnet USA in 2005. I thought I had paid it as it was an automatic debit from my checking account. 3 years later a collection agency told me I still owed them 200.00. I made arrangements to put the money on a MC I bought at Walmart. I paid the amount they asked for. I have been contacted twice sisnce saying I haven't paid. What is the statute of limitation on this debt. I can no longer find the proof I had of payment.
Contact Cashnet USA and ask for a copy of your payment history and confirm that you do actually owe them the $200. Any time someone mentions Walmart cards or Western Union I get suspicious.
 

Jeane

New member
The last contact I had (I assume a collection Agency) said I had not responded to other contacts. The first contact I paid as I stated, the second contact I explained I had paid and got no more info, this is the third contact and he had all my info, Bank, Address, Car, etc. He said he was sending me some info. I want to prove I have paid this. All the records of my original bank, and the payments I made from the first contact are so old I don't see how to obtain them.
 

quincy

Senior Member
The last contact I had (I assume a collection Agency) said I had not responded to other contacts. The first contact I paid as I stated, the second contact I explained I had paid and got no more info, this is the third contact and he had all my info, Bank, Address, Car, etc. He said he was sending me some info. I want to prove I have paid this. All the records of my original bank, and the payments I made from the first contact are so old I don't see how to obtain them.
You can wait to see what is sent.
 
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