Well guys, First off i want to say that this site has been a godsend! i do not feel like i am alone anymore thanks for all of the valuable information. I just joined yesterday, and i already feel as if i am becoming more in control. Any way i reside in Fl. and as i posted yesterday, i have two outstanding loans one with cashnetusa and BIG. After reading the posts, i realize that BIG is totally illegal and since reading the posts i will not be paying them ANYMORE!
I borrowed from CASHNETUSA a few weeks ago and received an email last week saying that they will no longer offer their CSO SERVICES and as of JULY 30TH 2008, due to a "NEW" law that was mandated by the state of FLORIDA, there will not be anymore "extensions" available to Fl customers and that the balance must be paid in full on the DUE date.Upon reading Fl state laws, i found that the same law that states this also states that a FL consumer CANNOT borrow a principle balance of more than 500.00. Well guys, I borrowed 600.00. I called to inquire about this "NEW" law and asked why if this new law is being so aggressively implemented, why am i still required to pay the 600.00 plus interest instead of what my state law mandates legal? They can not give me a straight answer, What do you guys think about this?