I am attempting to determine if the payday loan companies I have gotten involved with are legal in Texas. When I searched CashNet USA, at the CSO website, it says their bond expired in 2007. What exactly does that mean?
Name: Cashnet USA CSO, LLC # 1
Contact: David Shorr Location: 11 N Skokie Hwy Ste 300, Lake Bluff, IL 60044 Mailing Address: 11 N Skokie Hwy Ste 300 Lake Bluff, IL 60044 File Number: 20060010 Status: Bond Cancelled Expires: 3/14/2007 Account Bond: S902-5647 Surety Company: WASHINGTON INTL INS CO Additional Locations: 0
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.