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Posted: Sat Feb 04, 2006 12:54 pm Subject: Illegal Debits by Payday lenders

Is there anyone out there who took out a payday loan, paid it back and the company still took money out on their following payday?

I am not talking about defaulting on loans or some illegal reaccuring charge that you agreed to without knowing it.

For example: You tookout a payday loan for $300 and they debited you account for $360 on your following payday. Has anyone then had further deductions from this company on subsequent paydays even though the loan was paid in full?

If so then what company was it?

Posted: Sun Feb 05, 2006 8:38 am Subject:

Are you saying they withdrew the money twice? It seems like they may have taken the interest charge out too. I think there are some other posts on here about recurring debits and/or taken too much money out. I know Cashnet and Sonic have done it to other people.

Posted: Mon Feb 06, 2006 1:12 am Subject: No

No because I changed accounts after settling with Sonic.

I was wondering if anyone had actually paid a loan and they took out more than agreed or hit their account in the future even though the loan was paid.

In other words are there any Payday loan co's making illegal debits?

Posted: Mon Feb 06, 2006 6:46 am Subject:

There is several payday loan companies making illegal debts. If you read through the forum, you will see which ones are famous for this.

Posted: Mon Feb 06, 2006 4:59 pm Subject:

I know Sonic has caused these kinds of problems for other people on the forums. They tried to hit my closed checking account a few times. They have since removed those fees so that's fine.

Posted: Fri Feb 10, 2006 9:04 pm Subject: Actually

I was inquiring about anyone who did not default. Paid the loan in full by the due date and still had money taken out on their next pay period.

Has this happened to anyone? If so then please post the payday loan co's name.

thanks.

Posted: Sun Feb 12, 2006 5:06 am Subject:

I believe if you do a search on Cashnet 500 or Cash Today you will find these kinds of stories. It's amazing what you can find when you search around the forum.

Posted: Sun Feb 12, 2006 4:13 pm Subject: Mishele

Not to defend these places but the stories I read here are from people who still have their loans out and are suffering reaccuring auto-debits far and beyond what they owe.

Any cases where someone has paid in full and they still deduct?

Posted: Mon Feb 13, 2006 11:32 am Subject:

Glynnie,

Please visit this thread. Dawnie's story is quite similar with what you are talking about here-

http://www.debtconsolidationcare.com/forums/unfair-claim.html

Posted: Mon Feb 13, 2006 4:21 pm Subject:

It really gets my goat that these companies can get away with this. We must stand together and fight back against these places. Glynnie, let me know if I can be any help in your search or future efforts.

Posted: Mon Feb 13, 2006 4:28 pm Subject:

Well, I got a call today at work from a third party collection agency regarding a payday lender on my debt consolidation program. The lender has agreed to the proposal amount and first payment has been sent. I told the CA this and gave them the contact information for my debt consolidation company. They were nice and not rude. They said they would contact the dc company and go from there. What irked me was the balance they said I owed. It was $400 more than my original loan amount. I sent an e-mail to the orginal lender asking why the difference when I got home from work. I will also be send a letter seeking an itemized statement tomorrow by certified mail. I did further research to find out they are not licensed in my state. I can understand NSF fees but this way overboard, especially after they agreed to debt consolidation. I'm not going to let this company rip me off, that's for dang sure. I have other follow ups to do this week as well. It makes me more determined to get this loan sharks shut down for good.

Posted: Tue Feb 14, 2006 5:01 pm Subject:

I did send off the certified letter today on my lunch hour to the payday loan company I was talking about last night. Also, I received an e-mail from them today. It seems they are trying to charge me with continous roll over fees. I wrote them back stating I sent them a certified letter and I will forward this information to the appropriate agencies. LOL! They ususally get a little nervous or curious after this type of e-mail. But on the good news side, I completely paid off one payday lender today. Very Happy

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