A Pattern of Deception
NetCredit, CashNetUSA steal from customers
Desperate borrowers seeking quick relief from financial challenges may find themselves looking at the seemingly easy loans offered by NetCredit and CashNetUSA.
The two online lenders, operated by parent company Enova, make high-cost lending seem like an easy, affordable option for solving an urgent need.
But the company was recently fined $15 million for deceiving its customers and stealing from customer accounts.
In addition to withdrawing funds from customer bank accounts without consent, including withdrawing funds from accounts owned by the customer but for which the customer had not authorized withdrawals, Enova operating as CashNetUSA or NetCredit also cancelled promised loan extensions and withdrew unauthorized amounts from customer bank accounts.
Gross.