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Is CashnetUsa legal in Texas as a CSO?

Unregistered
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I am trying to follow the instructions on this site to determine if CashnetUsa is legal in Texas as a CSO. I went to https://direct.sos.state.tx.us/cso/CSOSearch.asp and typed %cashnet% in the CSO Name field. The results say CashnetUsa is canceled and expired. Have I done this right?




Paulie
Debt Samaritan
Posts: 146
Credits: 1698.45

Sub: #1 I get the same thing! I have a loan with Cash net usa too, does
Mon, 07/26/2010 - 11:03

I get the same thing! I have a loan with Cash net usa too, does this mean they're not licensed no more in Texas as CSO? hope someone answers!




Cool_Abyss

Posts: 2937
Credits: 17361.249242083

Sub: #2 Hmm, looks like their license could be expired. However, I would
Mon, 07/26/2010 - 11:12

Hmm, looks like their license could be expired. However, I would call the Department of Financial Institutions of Texas itself to verify their current licensing. These companies operate under different names at times!




Unregistered

Sub: #3 Under a different name
Tue, 07/05/2011 - 02:16

Please search for %Cash America% , that's them. The name was taken from a contract:

"Neither CSO, nor any of its affiliates (collectively "Cash America")"




Gregory Lee
Posts: 26
Credits: 1053.7

Sub: #4 CashNetUSA is used for online loans whereas AdvanceAmerica is us
Tue, 07/05/2011 - 05:43

CashNetUSA is used for online loans whereas AdvanceAmerica is used for storefront loans. Either way, I am hoping that something will change about these CSO's in Texas. With hte interest being charged, it seems to be in line with payday loans. It is the CSO fee that is rediculous.




Unregistered

Sub: #5 Is CashnetUsa legal in Texas as a CSO?
Mon, 05/07/2012 - 14:11

Did anything ever happen here? I'm in the same position in Texas and was wondering if you ever were penalized in any way. Please advise.




Gregory Lee
Posts: 26
Credits: 1053.7

Sub: #6 CashNetUSA now a CAB
Wed, 05/09/2012 - 20:43

There was a recent change in Texas that CashNetUSA is now considered a CAB, Credit Access Business. This is even listed on their website. I am still trying to figure out what Texas is trying to accomplish with this new CAB. It still seems like a loophole for the loan companies to charge whatever they want for the fees but the interest is low.




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