No, CashNet Cannot Throw You In Jail for Defaulting on a Loan
After I wrote a recent article about phony debt collectors pretending to be attorneys, I started receiving phone calls from people around the country that a collection agency for CashNetUSA was impersonating me and trying to collect debts. I am receiving disturbing reports that this collection agency is illegally threatening borrowers with jail time for not repaying loans.
- Go to www.annualcreditreport.com and get a copy of your credit report. Dispute any inaccurate information.
- Put a preliminary fraud alert on your credit report. The collection agency for CashNetUSA seems to have loads of personal information about people and you could be at risk for identity theft.
- Contact your local police. A debt collector impersonating and attorney might be committing a crime.
- Consult an attorney. You may have a claim for damages against the collection agency under the Fair Debt Collection Practices Act and you may also have a claim for damages against CashNetUSA under the laws of your state.