Business ProfileforCashNetUSA

In an effort to build credit, and not to utilize loans, I requested a couple of ***** loans. They were paid immediately. ************ took my ACH authorization for the full cost of the loan, including the principal and interest, and sent it back, claiming that I had insufficient funds. I know for a fact, that I had the funds necessary to sustain the re-payment. The company is sending an impoverished demographic their loan amounts, without accepting any degree of payment, in the name of charging interest on the initial principal loan amount. They will lie about insufficient funds on a paid debt, and refuse to accept any dollar amount whatsoever. Strange, considering that one may (if they needed) pay in installments. They just sent back all of my principal and APR, lying about the re-payment being $10.00 dollars off the exact re-payment amount. However, I watched them take my ACH out, my re-payment of principal and interest, and my account never reached zero dollars. It reached 7.00 dollars. More importantly, even if the re-payment wasnt sufficient, it wouldnt be possible for my bank to refuse the will of a creditor, without taking my checking account negative upwards of a thousand dollars. I have had the same checking account for 30 years, and have re-paid at least a hundred occurrences of potential overdrafts. My bank allows me one day to cover unexpected overdrafts, as these things do happen in an era of recurring billing and auto payments. I had the full amount, though. Overdraft protection wouldnt be necessary. This lending agency represents the most pathetic demographic of loan sharks in the country. They have no customer service to respond to e-mail or phone. They have no licensing. Theyre an algorithm that trades payment in the name of sending the principal back to the impoverished individual that requested the loan. If payment is made, they will send it back, so as to exacerbate not simply interest, but interest on the principal.