Business ProfileforCash & Go Check Cashing
Current Alerts For This Business
On 2/21/2020, the Maryland Attorney General issued a Final Order against Cash-N-Go, Inc., Brent Jackson, and related businesses owned and operated by Jackson under the "Cash-N-Go" name for making unlicensed and usurious consumer loans. Although Cash-N-Go claimed that they were entering into pawn transactions with consumers, the Division found that Cash-N-Go was instead making illegal consumer loans with interest rates of 360%. The Final Order issued by the Division directs that all of Cash-N-Go's loans to Maryland consumers are void and unenforceable. Cash-N-Go is prohibited from collecting any money related to these loans, and any security interest or any liens that it took on consumers' vehicles are now void and unenforceable. Cash-N-Go is also prohibited from repossessing consumers' motor vehicles, and the company must return any repossessed motor vehicles still in its possession to the vehicle's owner. The Final Order further directs Cash-N-Go to permanently cease engaging in unlicensed lending activities in Maryland, and it requires Cash-N-Go to pay over $ 2.2 million in restitution to Maryland consumers and a $1,200,750 penalty to the State of Maryland.
Although Cash-N-Go can continue to act as a check cashing business or a pawn broker, Cash-N-Go may not collect money from consumers on its title loans. The Division found that at least 1,601 Maryland consumers were victimized by Cash-N-Go's predatory lending activities, warranting that Cash-N-Go and Jackson pay at least $2,200,000 in restitution related to the fees and payments that they collected from Maryland consumers on these illegal loans, as well as the amounts that Cash-N-Go received in connection with repossessing or selling consumers' motor vehicles.
For more details, go to:
http://www.marylandattorneygeneral.gov/press/2020/022120.pdf
At-a-glance
Related Categories
Business Details
- Location of This Business
- 1748 Dual Hwy, Hagerstown, MD 21740-6635
- BBB File Opened:
- 12/15/2006
- Years in Business:
- 25
- Business Started:
- 1/1/1999
- Number of Employees:
- 1
- Alternate Business Name
- Cash & GO
- Cash-N-Go Pawnbrokers, LLC
- Contact Information
Principal
- Mr. Randy Rachor, Resident Agent
Other Contacts
- Mr. Brent Jackson, Owner
Customer Complaints
0 Customer Complaints
Need to file a complaint? BBB is here to help. We'll guide you through the process. How BBB Processes Complaints and Reviews
File a ComplaintBBB Business Profiles may not be reproduced for sales or promotional purposes.
BBB Business Profiles are provided solely to assist you in exercising your own best judgment. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles.
When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints.
BBB Business Profiles generally cover a three-year reporting period. BBB Business Profiles are subject to change at any time. If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile.
As a matter of policy, BBB does not endorse any product, service or business. Businesses are under no obligation to seek BBB accreditation, and some businesses are not accredited because they have not sought BBB accreditation.