Hi, so i need some advice please. I took out a loan with MyCashNow, extended it twice, now they know i get paid monthly and it clearly stated that in the loan contract and that is when the next amount was supposed to be done. HOWEVER, they were deducting from my bank account every two weeks without my authorization. finally i contacted my bank after i had paid out over $350.00 extra and informed them of what was going on. They put a stop payment and got the last amount of money back through ACH and then blocked them. However, Now im getting threatening emails from them and here it is
STOP PAYMENT WARNING
(name omitted by me)
We have received information from your bank that you have STOPPED PAYMENT on our authorization to debit funds from your checking account in order to repay your legally binding loan obligation. We consider this to be refusal to repay your debt and immediately will initiate action to protect our interest.
We may also initiate other action, which may include, that a request be made for a court appearance for a possible judgment be issued against you for the repayment of this legally binding debt, (which would create additional charges to you), and other avenues available to us in order to protect our interest in this matter. Therefore, we must require that you render your payment in the amount of $189.34 via western union quick collect or moneygram immediately. This payment reflects your balance as of June 5th 2007.
Depending on the circumstances surrounding how you obtained the loan, we may also initiate internal investigation to ensure all information submitted on the loan application was accurate and not done fraudulently in order to attempt to obtain a loan under false pretenses. If we determine you obtained the money fraudulently we will initiate action to protect our interest to the fullest extent of the law. The Federal Bureau of Investigation and other governmental agencies, have established many laws and regulations in regard to Internet fraud and procedures the federal government adheres to when this type of information is reported.
You need to go to Western Union and get the BLUE QUICK COLLECT FORM and choose the quick collection option)
1. COMPANY NAME: CREDIT PROTECTION DEPOT
2. CODE CITY: OFFER (ONE WORD NO SPACES).
3. STATE: NEVADA
4. ACCOUNT #: Your Social Security Number
5. The reference # is Your Telephone Number
You can also use your debit card or various charge cards at westernunion
OR you can go to Moneygram and get the BLUE EXPRESSPAYMENT FORM
1. The Company name is: CPD-OFFER
2. The Receive Code is: 4243
3. The City is: Las Vegas
4. The State is: Nevada
5. The Account Number is: 1429974555
If you are unable to pay $189.34 for the balance on the loan then we must require a minimum payment of $63.11 to place the account on legal hold.
If this account is referred for further review and action to our outside firm for additional collection efforts, it will commence activity on the account to be done to the fullest extent of the law in order to protect our interest in this matter. At that point, you will be responsible for all additional fees associated with costs involved for the collection of this debt.
I would highly suggest you call 1-866-645-1661 to resolve this matter immediately. This is the only way for you to resolve this very serious situation which you have initiated. Your failure to do so will result in the above mentioned action being taken.
Thank you,
Credit Protection Depot
HONESTLY, do i have like stupid writting across my face, they hve broken so many laws its not even funny and all i did was stop them from continually taking money out and getting overpayed.