Internet's first get-out-of-debt community - 144,000 members

Posted: Fri Aug 03, 2007 6:17 am Subject: EDESC - Instant loans now grrrrrr

I paid them in full last week and now they took $130 out of my account today. What is up with that? Looks like I will be doing battle on the phone today.
Mad

Posted: Fri Aug 03, 2007 6:30 am Subject:

Dispute the charge with your bank and see if they can reverse it. Then send these people a letter stating that you have already paid them in full and that your authorization to debit your account for any more money has been revoked. Take a copy of this to the bank and see what you can do about blocking any more ach withdrawals from this company. Don't wait though, do it as soon as possible and get right down to the bank.

Oh, and if you can, send the letter via email so it will get there sooner.

Posted: Fri Aug 03, 2007 2:50 pm Subject:

Hoope, when you paid last week dod they send you a email saying you were pif?? I would take that with me to as proof you paid off the debt.

Posted: Fri Aug 03, 2007 2:54 pm Subject:

Also, it's always a good idea to close your account and put some holds on it

(see this thread - http://www.debtconsolidationcare.com/paydayloan/close-account.html)

Because these places are notorious for debiting people's accounts after the loan has been paid in full.

Posted: Fri Aug 03, 2007 9:24 pm Subject: hope

OMG, hope! Did you not block/close your bank account? Oh, I'm so sorry they did this to you, but not surprised. These pdl's will debit people for YEARS if they don't do anything about their bank account. They have your information. They will continue to debit over and over again. You need to get to your bank ASAP. Some banks have a "time limit" to return unauthorized debits. Mine, for example, has a 24 hour time period. Once that 24 hour time period is up, they can't reverse it (or so they say). My butt was all in that bank on a Saturday morning at 9:00am when they opened their doors when it happened to me! Since I caught it so quickly, they were able to reverse the debit and send it back unpaid and didn't put any fees on my account. My own personal advice, just me, is for you to get to the bank ASAP and have that debit reversed off. And, please, put a hard debit block on the account or close it out. Don't let this happen to you again! Please keep us posted as to how it goes with the bank!

Posted: Wed Aug 08, 2007 10:48 am Subject:

Well the jerks went ahead and after telling me Friday I should have my $130 refund by Tuesday taking out another $70 from my bank on Monday. That was enough to convince my hubby we needed to close our acccount. We also filled disputes through the bank and I gave them the recipt from the money order I sent them. They sent back the ACH to EDESC yesterday. I did not realize this. I have been calling them 3 or more times per day and faxing them info. They actually gave me a refund today. I should have kept it. They didn't realize yet their ACHs were coming back to them. My bank went ahead and sent their refund back also. Hopefully I will never hear back from them again. I am glad the account is closed and the bank knows what is going on. They have been very helpful.

Thanks for your help!
hope

Posted: Wed Aug 08, 2007 11:42 am Subject: hope

Damn! You didn't keep the refund! At least they are now out of your life. Good riddence to the theives.

Posted: Wed Aug 08, 2007 11:46 am Subject:

It just goes to show even further that these companies cannot be trusted. If a payday loan company has your bank account information, your account may not be safe.

Posted: Wed Aug 08, 2007 12:00 pm Subject:

Oh man...wish you could have gotten that refund out before it was sent back, but like what was said, at least they are out of your hair! Good-bye and good riddance.

*Name:
*Email:
*Phone:
*Zip:
*Debt

	* denotes required field

Internet's first get-out-of-debt community - 144,000 members

EDESC - Instant loans now grrrrrr

Members Area

Free Debt Counseling

Ask the community

Also See

Featured Discussions

Featured Articles

Recent Forum Discussions

Recent Blog Post