ScamFraudAlert.com has become aware that this organization or operation is engage in scamming applicants out of $19.99.

A fast payday loans website. No Faxing Required!! Welcome to 200cash.com! The fastest way to get a cash advance overnight.
Savings Account OK !!

NO FAXING REQUIRED

Apply Today, Have Cash Tomorrow!! Click Here Now!!

Apply for all your emergency cash advance needs to tide over till your next payday. If you are short of cash between paydays, for any reason, let 200cash.com prevent you from incurring costly charges and late fees. It only takes a few minutes to fill out the application , and if you complete it before 12:00pm Eastern Daylight Time, once it's approved the payday loans money you need is direct deposited into your checking account the next banking day!

Q - Can anyone qualify to get payday loan advance?
A - Virtually anyone can qualify, even with no credit, bad credit or bankruptcy.
Q - How does quick payday loans work?
A - You give us authorization to deposit $200 directly into your account, and to collect $200 + a $60 fee on your next payday. Both the deposit and your payment are made electronically using the Federal Automated Clearing House (ACH), also known as "EFT".

Q - What does it cost to take payday advance loan?
A - Our charges are a low $15/100/week.
Please read the FAQ's for all the information you'll need to apply for a payday advance / quick cash loan, or go to the application page to begin applying for your loan.

http://www.200cash.com/

Registrant:
200Cash.com, Inc.
7605B Weatherworn Way
Columbia, Maryland 21046
United States

Registered through: GoDaddy.com
Domain Name: 200CASH.COM
Created on: 29-Jan-03
Expires on: 29-Jan-07
Last Updated on: 13-Jan-04

Administrative Contact:
Beyer, Don
200Cash.com, Inc.
7605B Weatherworn Way
Columbia, Maryland 21046
United States
4103814789 Fax --
Technical Contact:
Beyer, Don
200Cash.com, Inc.
7605B Weatherworn Way
Columbia, Maryland 21046
United States
4103814789 Fax --

Domain servers in listed order:
DNS1.DEGNANCO.NET
NS1.DCA.NET
NS2.DCA.NET

Submitted: 8/4/2005 8:25:15 PM
Modified: 12/7/2005 1:22:29 AM


200cash.com ripoff Wilmington Delaware *REBUTTAL employee ..Rebuttal / 200CASH.COM, INC

Company
200cash.com
Address:
110 W. Ninth Street
Wilmington Delaware 19801
U.S.A.
Phone Number:

Fax:


I had applied online for a cash advance at 200cash.com They said I would get an email confirmation if my loan was approved. Well, I never got an email, nor the money, but an application fee of 19.99 was withdrawn from my checking account. I have applied to cash advance loans online before, and I have never been charged a fee. I have sent them an email. Beware of this company--don't apply online for a cash loan with them.

Jose
Hammond, Indiana
U.S.A.

Rebuttal / 200CASH.COM, INC

1. There is a notice for the application fee on the last page of the application process. It is in large text and in plain view. See here:

https://www.200cash.com/secure/new_check.asp

2. The courts understand that “application fee” means a fee to apply and, like other industries, is non-refundable and is used by the company to offset application and credit / employment verification. Payment of this fee has no bearing on whether or not the applicant is ultimately approved and funded. (Many of us remember paying an app fee for an apartment rental app for example. This fee is never refunded if they don't approve you)

3. The website allows the applicant to simply leave at any point and avoid the app fee charge.

4. The “approval” notice is conditional. The text says “approved pending verification of your information”. This allows them a chance to verify the information submitted before making the loan.

5. The approval (pending) notice comes AFTER pushing the submit button UNDER the app fee notice text, not before.

6. 200CASH.COM, INC. is licensed in the State of Delaware as a Small Loan Agency. License number: 2003102706. This can be confirmed by contacting the State of Delaware, Division of Revenue. (We are not a “Bank” or “Financial Institution”, we are a “Small Loan Agency”.)

Don - Columbia, Maryland
U.S.A.

http://www.ripoffreport.com/reports/ripoff152581.htm

__________________

I can't believe this person who is representing himself as being located in one state and actually located in another, who is running a scam operation to relieve people of $19 instead of a loan company has the gall to actually answer here!!!

If you apply for a loan from this company, they will send your documents to your bank to embarrass you and possibly get your bank account cancelled. We will never, never, never put our banking and personal information on the internet anywhere again. God knows what this crook is going to do with it, aside from charging the bank account the "application fee."

Hey, buddy - where on your website do you disclose, such as "what is this going to cost?" that you charge $19? You will be reported to the attorney general's office of BOTH your states. You may think it's pretty smart, sneaking this in in multiple pages of fine print, but it is against the law to deceive consumers this way. It's called fraud. I will make sure that both states post a fraud alert about your phony "company." If you do anything with our personal information, I will hunt you down and make sure you do time in prison. You're nothing but a slimy, petty thief.

MAKE VERY SURE YOU GO NOWHERE NEAR THE WEBSITE "200CASH.COM!!!!! DO NOT PROVIDE THIS THIEF WITH YOUR PERSONAL INFORMATION.

READ BELOW WHAT THE WEBSITE SAYS IN "Frequently Asked Questions" - NOTHING WHATSOEVER ABOUT $19 TO APPLY!!!! EVERYONE HERE SUBMIT A REPORT TO THE STATE ATTORNEY GENERAL'S OFFICE - WE'LL GET A FRAUD ALERT IN BOTH STATES. AS A MATTER OF FACT, YOUR OWN STATE IS WHERE HE WAS DEFRAUDING YOU - SO REPORT THERE AS WELL.


What is a payday advance
A payday advance is a short term loan to tide you over until your next payday.


What does it cost to take out a cash advance loan
The cost for a $200 loan for up to 15 days is only $60.


How does quick advance payday loans work?
You give us authorization to deposit $200 directly into your account, and to collect $200 + a $60 fee on your next payday. Both the deposit and your payment are made electronically using the Federal Automated Clearing House (ACH), also known as "EFT".


Is it safe to take out a payday advance loan?
Our company users EFT ("Electronic Fund Transfer") for giving out payday advance loans. All companies, which utilize EFT ("Electronic Fund Transfer") are bound by FDIC regulations.


Can anyone qualify to get a payday loan advance?
Virtually anyone can qualify, even with no credit, bad credit, or bankruptcy.


What if I need an extension in time period of payday advance loan?
An extension request must be submitted 3 days before the payday due date. This can be done by clicking either the "Member" button or the "Extension" button on our Home Page and sending us a fee of $60. We will extend your loan for another 15 days. You can apply for an extension up to a maximum of four (4) times.
WARNING!! If your check bounces, you will be charged the regular NSF fee by your bank, and also our Return Check Fee of $25.


After I have applied for a cash until payday loan, when can I get my money?
Applications received by noon Eastern Daylight Time are deposited the next day. Weekend applications are treated as being received on Monday.
You will then be advised by a confirmation e-mail when your package has been reviewed and accepted, and when your loan will be made directly to your account.
$$$ APPLY NOW!! $$$

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I too have been scammed by this company. I was emailed that my application was received and then 3 minutes later I received another email saying my application was denied for some reason out of the 10 that were included in my email. Nothing specific just that I was denied. But of course then the $19.00 was mentioned that would come out of my account and I wrote them asking them to please tell me why I was denied and to not take the $19.00 since and someone there wrote me back calling me an IDIOT and that application fees are not illegal. If you don't like it LEAVE. This is a free
country. Some customer service from a company that's suppose to be legit. Now my savings account has bounced because they tried to take $19 and my bank doesn't allow EFT from their savings accounts but did 200cash call to verify this first???? Of course not.

Let this be a lesson to all of us who are financially challenged. Desperation should never make us lose our minds and put our personal financial information on a website with no phone number and without doing an internet search to find postings like ours about fraudulent "companies" doing "business" by relieving people of their money.

Just think - I can imagine this guy sitting around in his underdrawers, having not bathed in a month, surrounded by 3-month-old pizza boxes and beer cans, thinking he's a big businessman. He probably has a rap sheet a mile long, and we have given him our banking information, as well as personal information to sell or use at a later date.

This is a one-man operation. You got your email calling you "idiot" during one of his less sober moments, probably sent in the middle of the night. He would be running a real payday loan company if he had any money to lend, having not spent all his $19 fees on whatever drug he's addicted to. As he gets more desperate, and gets away with his sneaky little fraud, he'll go further. He will use or sell your banking information, social security number - everything he has on you.

We're going to need to change bank accounts, if the bank has not already considered cancelling our accounts after our account officer has received a copy of our application to what he or she will see as a sleazy little payday loan company. This guy is mean as hell, and hostile to strangers. That's a mental illness!! What decent person would send a copy of an application made in confidence to somebody's banker? Then send you an email calling you an idiot.

Mentally ill, probably a drug addict or alcoholic, sitting in front of a computer in the middle of the night, stinking from lack of a bath - got the picture? Let's not apply to payday loan companies any more. I lost my mind in desperation, not remembering that these places sold my email address to every spammer in the world in appreciation for having paid their outrageous fees. That's the LEAST they can do. They are run by crooks, and we are stupid enough to give them all the information they need to ruin our lives.

We are idiots!