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Is CashnetUsa legal in Texas as a CSO?



Unregistered

Sub: Is CashnetUsa legal in Texas as a CSO?
Wed, 09/05/2012 20:43

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?



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Gregory Lee
Gregory Lee
Posts: 21
Credits: 1042.65

Sub: #1 CashNetUSA now a CABWed, 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.


Unregistered

Sub: #2 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
Gregory Lee
Posts: 21
Credits: 1042.65

Sub: #3 CashNetUSA is used for online loans whereas AdvanceAmerica is usTue, 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: #4 Under a different nameTue, 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")"


Cool_Abyss
Cool_Abyss

Posts: 2924
Credits: 17331.149242083

Sub: #5 Hmm, looks like their license could be expired. However, I wouldMon, 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!

"We are what we repeatedly do. Excellence, then, is not an act, but a habit."

-Aristotle-


Paulie
Paulie
Debt Samaritan
Posts: 142
Credits: 1698.45

Sub: #6 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!


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