COMPLAINT FILED UNDER:: FINANCIAL SERVICES / LEND NET 101
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Lend Net 101
Complaint 37668 Details

  • Date Occurred: 11/16/2013
  • Reported Damages: $64.00
  • !

The complaint is against an online dating profile

The complaint is a listing fraud posted on public forums or sites against an anonymous entity

The complaint is mobile text spam or smishing related against an anonymous entity

The company or person contact no longer exists

International boundaries

This company is a fake and a scam. I applied for a loan for $1000.00 I received many phone calls that same day from different people telling me that I was aproved for a 25,000.00 car loan which I never asked for. After hearing this I amediately called netloan101 (888)507-1740 to cancel my application. Then I noticed they charged $0.01 conts five times to my account and 30.00 dollars pending to my bank account. I called them and they said they would cancel my application in 48hrs and refund me my money back. The next day I noticed another transaction pending for another $30.00 from a company (888) 467-4349 whe I called them they said their system was down to call back in 2 hours when I called back they said the same thing again. These two company and many more are the same people they are stealing money from people something needs to be done. I had to cancel my bank account to avoid them from stealing more money from me. If anyone knows a good lawyer please let me know, someone has to put a stop to them.

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Comments

  • Lisa123
  • Lisa123 SBID #60bbdc9e73
  • Posted 11/20/2013
  • Jen I did the same thing. I applied for a 1000 loan as well . I got alot of phone calls and when they called I decided against it. I went to the bank to deposit some money and I look and I was over draft 117 dollars. I completely went off. All I could think about was who the hell did that and I was so glad that I didnt have my payroll check direct deposited into that account. I credit my acct 5 cents then started taking money out twice. How can they do that when I never accept anything and they never gave me anything. Something needs to be done and If you know a good lawyer let me know as well. That is theft.
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  • scammed123
  • scammed123 SBID #6d6aafa259
  • Posted 11/20/2013
  • LEND NET IS A SCAM AND TAKES MONEY FROM YOUR ACCOUNT UNAUTHORIZED. I never filled out an application from Lend Net, but they somehow got my routing number and account number and deducted $30 from my account unauthorized. You need to notify your bank and state that this is an unauthorized charge and the fraud department will look into this. The phone numbers associated with the charge are 888-507-1740 and 888-467-4349 but there is no use in calling and asking for a credit because just like the above complaint their system is always down and will tell you to keep calling back. I googled Lend Net on the internet and the site is located in australia (under construction), but I live in the United States. You just need to notify your bank and tell them this is a fraudulent charge and keep a watch on your account if you need to keep the account open. If not, you can also close out the account and open a new account. Something needs to be done and if anyone knows of an attorney that we could file a class action suit against this company, please let me know. It appears that this has happended to a lot of people and if we all come forward with our information, we might have a case.
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  • Jen123
  • Jen123 SBID #f889d9f057
  • Posted 11/20/2013
  • We need to get together and do something about this. These people are never going to stop. What really faustrates me is the fact that they try to use differnet names to keep stealing from your accout. I trusted these people with my personal information they should be held aganist what they did to us.God knows how many scam companys now have our personal information as well. Everyone that has been scammed by this company should get together and speak with a lawyer.
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  • Lisa123
  • Lisa123 SBID #60bbdc9e73
  • Posted 11/20/2013
  • You guys are right we do need to do something. I don't understand how can they do this to people. Ill be researching some laywers as well. Now I have to get my bank to credit this stuff off.
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  • mo-man
  • mo-man SBID #8194551206
  • Posted 11/23/2013
  • Guys,
    I have got to the bottom of this. The Lender network is a legitimate company that has been ripped off by this group.Direct Funding Service
    Gen X Marketing Group, LLC
    2519 McMullen Booth Rd Suite 510-121
    Clearwater, FL 33761
    888-467-4349
    [email protected]

    Lender network does over 152 million in loans and they do have an application fee of 30.00 that is taken off the loan, as well as you receive a Cash Flow Management system. They truly are the good guys in the payday loan industry. They gave me a 300.00 loan and the second I received the money had a Rep call me and go through my fin aces to set-up a payment plan. I was able to pay 50.00 every 2 weeks and they applied every cent to my loan balance of 376.00 exept for 10.00.
    Why they do this is they are also a unsecured credit card company and by making my payments on time after 10 payment I can get a card. They are a "fresh Start credit program" so you cana get credit cards, car loans, and mortgages through them.
    When I called and told them about what I have been reading here, they informed me of the company above that has directly tried to copy their program, exept they are NOT LENDERS>
    As I get more info on the scam company I will post it!
    Oh ya, one more thing iif you did get charged the application fee from them, and you do not take the loan, or they cannot get you the money, the 30.00 app. fee is automatically refunded to you on the 31st day.
    Hope I can help.

    Mandi
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  • mo-man
  • mo-man SBID #8194551206
  • Posted 11/23/2013
  • Oh ya and ONE more thing. They are also working with employers to allow employees who need an advance to come to them, and they give you the advance, I am sure glad I found the company.
    I feel horrible that a good company is taking blame for someone trying to copy their stuff, because they are truly trying to help people get on track finically :)
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  • Jen123
  • Jen123 SBID #f889d9f057
  • Posted 11/24/2013
  • You may be right Mo-man but they should do a better job on keeping their applications or people personal information secure. How is that possible that you apply for a loan and automatically some other company is stealing money from your bank account. They should be in control of this dont you think? And if they know that this other company is doing this why not tell there applicants or maybe do something about it. My blog was intended for those who had this similiar situation which many others have had this problem not just me. I believe theres something wrong here and if you would of been getting ripped off everyday from different companys then you would understand. More power to you if this company worked out so great for you, It didnt for me so i wrote what i felt and because i want every single penny that they stole from me. That i worked hard on getting.
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  • scammed123
  • scammed123 SBID #6d6aafa259
  • Posted 11/24/2013
  • Mo-man -- the so-called bogus operation is called LENDNET or YOURLOAN101 and not LENDER NET.

    I find it odd that people are posting comments to support this illegitmate operation after I told LENDNET that I was reporting them to the FTC and Scambook. Also, I never heard of a employer helping helping you with your credit situation. Phone calls from lenders/creditors are not allowed in the work place (illegal) and your employer stays out of your personal life.
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  • scammed123
  • scammed123 SBID #6d6aafa259
  • Posted 11/24/2013
  • ONE MORE THING, I did a search on LENDNET and what comes up is lendnet.bankwest.au which is a mortgage company/bank from Australia. LENDNET or YOURLOAN101 stole the name from the Australia site, just as they stole my information, and I do not know where the illegitimate LENDNET/YOURLOAN101 is based out of. My bank said the transactions was under LENDNET with the number The number 888-507-1740 was associated with the transactions.

    The people who are complaining about LENDNET/YOURLOAN101 are the people, myself included, who have had their information stolen and taking money out of their account without authorization and who have not asked for LENDNET/YOURLOAN services. There is no charge to look for a payday loan. You can do a search of payday loan companies on the internet. When you log onto a site, the site should be secured, but unfortunately that cannot be guaranteed and if you mistakenly log onto an unsecured site, places like LENDNET/YOURLOAN101 steal your information. The payday loan company will either give you the loan or deny you without a "so-called lender finder fee." With the amount of people searching for loans and the fees applied to your loan such as interest and principal are high enough that I never heard of a payday loan company using a lender finder such as LENDNET/YOURLOAN101.
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  • mo-man
  • mo-man SBID #55a258ef80
  • Posted 11/24/2013
  • Again, to all of you, I am just trying to help you get the situation handled. Your research is so far off and so was mine.... Lend Net from AU has nothing to do with the PAYDAY LOAN COMPANY where you filled out the app. If you read the app. from yourloan101.com it says. "You will be subject the the Terms and Conditions of the Lender who funds your loan" or something like that. Lender Network is just a company that matches you with a lender.
    Here is how it was explained to me. Due to all the fraud, the Lender, who in my case were great!! They have what is called micro deposits, and micro debits first, .05 credit .01, .01, .03 debits. Then once you have passed the initial validations and are 99% approved we were charged the $30.00 APP Fee ( and if you look in the Terms and Conditions it tells you this ) I DID NOT LOOK EITHER. It then says if you take the Loan, the app. fee is deducted from the interest of the loan!!! So for me, I borrowed 300.00 my total payback was 376.00,
    minus the $30.00 app fee!!!! So I only had to pay back 346.00.
    It also tells you in the terms if you DO NOT get the loan, your application fee is 100% refundable.
    I will post the person to call from this company that has help me. I can promise you that if there is something wrong, they will make it right.
    I have to believe that a company who gives out over 18K loans per day, and has over 79 million clients world wide, is not that worried about 14 COMPLAINTS of 30.00.
    I agree it is frustrating, I assure you when this happened to me, I was 10 times as mad, but all of us need to remember WE APPLIED for the short Term help!!!! And I don't care if you want to take it out on me, but I am a Christian, and I made a careless remark about this company. So I am trying to make amends and I would not be worried about making amends if I was not 100% certain that they are really trying to help all of us.
    I have taken out over 15 payday loans in the last 18 months, and NONE of them cared about getting out of the cycle of payday loan's until I found this company.
    I will give all of you my Reps direct phone # tomorrow when they open and I can talk with them about this scambook and show them what is happening.
    I would be willing to bet, that once you all talk with them, you will be saying the same thing.
    So again, all I am trying to do is help!!!
    I mean 79 million Clients and 14 complaints!!! I read a lot of complaint boards and Disneyland get over 400 complaints a month.

    Jen, Scammed123, I am a single Mom, I have very strong morals what you do with the phone # i give you is up to you, but i would ask that you simple call and find out for yourself tomorrow.

    Mandi
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  • mo-man
  • mo-man SBID #55a258ef80
  • Posted 11/24/2013
  • And for you scammed123,
    https://www.checkbenefit.com/about_team.php

    Here is the link for the employer thing they have. I refered my employer to them.
    Because what it does for employers that sign up with them is this:
    When an employee needs an advance on a check, rather than asking the employer and having him take it out of his cash flow prior to payday.
    For the employers that are enrolled with this company, all the emplyee has to do is fill out a advance request and this company gives you the advance so your employer does not have too.
    The reason I refered them to my employer is that I have gotten payday loans because I was embarrassed to ask my boss for an advance. With this company you don't have too!!!!
    Here is the other Great thing they do, lets say you are out of town and came up short on money, if your employer is enrolled with this company you can call them, give them your name, and they will load funds instantly to the card you get from them through your employer..

    I hope my boss signs up tomorrow, it only costs my bosses company .50 per employee, per month, which is amazing.
    I hope this helps as well.
    Maybe refer your boss 2 them and if he signs up, you surely won't have to worry about getting a payday loan again, you can get an advance from them..
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Company Statistics

  • Complaint Against Lend Net 101
  • Complaints Filed: 243
  • Reported Damages: $12,203.30
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