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Debtconsolidationcare.com - the USA consumer forum

getting my money back

Date: Thu, 12/07/2006 - 21:23

Submitted by anonymous
on Thu, 12/07/2006 - 21:23

Posts: 202330 Credits: [Donate]

Total Replies: 3


i had paid off a loan from ameriloan and they ended up getting 465.00 through electronic check out of my bank account and now i cannot pay my rentthe bank tells me they cannot do anything about it,is there anyway i can get my money back


You may have not understood how these loan sharks work. You may have made interest only payments thinking this paid down the balance. After you make so many of these interest only payments (rollovers) they will debit your bank the amount of the loan, plus more interest. For example, if you took out a $300 loan and the interest was $60, they would take $60 out of your account for several paychecks, then you would have to pay the loan amount of $300 plus the $60 when you either ask to pay it off or you have used up the the amount of rollovers. If this is what they did, you will have to read the forums regarding getting your money back. It will not be easy.


lrhall41

Submitted by on Fri, 12/08/2006 - 04:31

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