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Is CashnetUsa legal in Texas as a CSO?

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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?




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!

Sub: #1 posted on Mon, 07/26/2010 - 23:33

Paulie Paulie

(Posts: 146 | Credits: 16.98)

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!

Sub: #2 posted on Mon, 07/26/2010 - 23:42

Cool_Abyss Cool_Abyss
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(Posts: 2936 | Credits: 173.61)

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")"

Sub: #3 posted on Tue, 07/05/2011 - 14:46

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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.

Sub: #4 posted on Tue, 07/05/2011 - 18:13

Gregory Lee Gregory Lee

(Posts: 26 | Credits: 10.54)

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.

Sub: #5 posted on Tue, 05/08/2012 - 02:41

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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.

Sub: #6 posted on Thu, 05/10/2012 - 09:13

Gregory Lee Gregory Lee

(Posts: 26 | Credits: 10.54)

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