SDS Processing – Has anyone dealt with them?

OMG! Heck yes you are entitled to a refund! I don't know that you'll be able to get one though, I know very little about this particular company so it's best you wait until someone with more experience and knowledge about them come along to help you out. What state do you reside in? Is your bank account still opened? I don't think I would trust these people, if they took that much money from you already, they're might try to wipe you out. If your account is still opened, you should close it ASAP! Or, contact the Bank Manager and put a hard debit block on that account so these people can't take any more of your money. If it were me, I would simply close out the account. Please hang in there until someone else with more knowledge about this is available to help you. Regarding clsoing accounts, please read the link below before you close your account. http://www.debtconsolidationcare.com/paydayloan/close-account.html

Thanks for the response! Im in North Carolina, so I know they are illegal here! I hoped I wasnt in the wrong with this one! I sent a letter to my AG yesterday with copies of my letter and the return letter so hopefully that will get the ball rolling. I just checked my account, I already put a hard block on any ACD debits going through, and nothing strange has been taken out of my account, so as of now, im ok. Im still going to fight to get a refund. I cant believe these people and that they will "forgive me". Whatever! Im going to try to get my money back!

I can't find a mailing address for SDS Processing so I can settle my account. SDS does not want to provide their address. Does anybody know sds processing mailing address?

i just started researching this company and came across this site, i was checking my bank account and came across seven $60 charges and a $200 deposit from sds from august, from what i remember and see i had $1,500 in my bank account and when i received a phone call and after hearing all the agrrement at the end when the person told me the amount of the loan i refused. now i call and the woman starts yelling at me and when i accidently adress her a "honey" once to quiet her down and talk she shouts "dont call me honey, im hanging up now, youre being extremely rude!", mind u i adressed he as "honey" once and thats all. she hangs up and im stuck with these ridiculous charges. how can i not pay $200 on my income and why after removing atleast $60 charges wouldnt they have stopped if it equaled to be over the borrowed amount. what should i do now?!

Hi skp,

You can have your bank put a block on their withdrawal/$amount, it may cost a fee, but it will stop them from debiting. The only downside would be that they could possibly withdraw under another name or $ amount.

blocking a particular company doesn't usually work as they will just come in under a different name.. i would first check the banking laws of your state than talk to a branch manager about your options of closing account/putting block on.

Either closing your account or placing a hard debit block on it is the only sure way to stop withdrawals. CLICK HERE to read about closing your account before you do so.

they got me too they have been taking out 60$ since dec 2007 and i caught them because they took a dbl paymen out i went all the way back and noticed they deposied 200 but collected over $1400 dollars in a years time is this legal where is the this company located

I had a loan with this company and never had a problem. When i accepted the loan they made it clear that every two weeks the loan will refinance and the fee will be debited from my account UNLESS i call and make a payment. It took me a little longer then i wanted to pay it off, but once the loan was paid the fees stopped. I understand how this could be confusing, but these loans dont come free and it states in the contract what you need to do to pay it back.

mooreba79 - the bottom line is that the loan is not legal, please disregard jdiaz1985. they are not allowed to lend to you, therefore the fees are not legal to charge you.

does anyone know sds processing address? I can't find it anywhere. What is the phone number for sds processing payday loans?

This is what I have found on ASAP Lending

(818) 227-1809
Fax: (818) 610-0099

23901 Calabasas Road, Suite 1010
Calabasas, CA 91302

[email]infocenter@asaplending.com[/email]


And if you google SDS Lending there is a whole sh$tload of addresses there

i know who owns this company they have moved several times there names are debbie sferrazza and salvatore sferrazza they live in mason ohio

I have a payday loan with SDS, and they have been very up-front and fair with me. I have had payday loans in the past, and this is the first to send me a reminder the day before my deduction. Payday loans are risky to provide, and the terms are provided before the funds are given. Unless you have been literally scammed, buck up and own what you did: borrow money and then not want to pay it back according to the terms of the loan.

kwiklip, you know what they say about opinions, everyone has one. But it doesn't mean we all agree, nor does it mean your opinion is right or wrong, it's just an opinion.

There is an sds in ohio owned by the people guest talks about but you have the wrong compnay they dod not give loans nor do they debit bank accounts. before you post names you should check facts.

says the guest who can't form a sentence. :roll: :roll:

Once again, no real info from paulmergel just a put down of a guest.

this entire thread except for that post was real info.don't come on here to muddy the waters guest.

It was real info, but none as usual from you. I do hope that admin is still monitoring your posts

Quote:

This company operates the same as any other online payday loan company. Their interest is $30 per $100. If you borrow $100, you either owe $130 on your next payday to pay off the loan, or you can pay just the interest payment of $30 and extend the loan to your next payday, or you can pay the $30 along with a $50 payment, so $80 total. Then your next payment will be the balance of $50 plus $15 interest. A lot of online payday companies automatically take the interest payment and renew your loan unless you let them know three business days ahead of time that you want to make an incremental payment of $50 or if you want to pay the loan off in full. You know if you take out a payday loan, then a payment is due on your next payday. I know they charge a lot of interest, way too much interest!!! But, that's the way a payday loan works and if you take out the loan, you pay the price.

mine has been a long time will there be interest

I have a payday loan with SDS, does anyone have their number on here?? It was accidentally erased from my phone and i'm scared if I dont get it soon I wont have it in time to tell them to take it out of my account....

Don't lie you are iether affiliated with sds or own sds. Shameful tactics you resort to. Shameful.

sds prossing has soldmy info.i have people calling from every where saying they r going a come 4 me and my husband i contavted the f b I AND THE attorney genergals office this is crazy the contavt peolple that was on the contact info.from the app. ad have your last 4 digits of info this really needs 2 stop

I have had several loans through them and have never had an issue because I read my paperwork and asked questions when they called for confirmation of the loan. READ YOUR PAPERWORK PEOPLE! The fee they are taking out is the refinancing fee. I dont understand why people feel is not legal for them to lend to you or charge the fees, its legal for people to borrow.

well shill since i don't believe you i will post this for others.each state has laws in regards to pdl's.those laws apply whether the lender is internet or storfront.the storefronts are mostly members of the CFSA,and act within the rules.SDS and other ipdl's do not.illegal lenders don't care about the law.if they did they would procure proper license,and operate within the rules.btw lending then debiting an account not in accordance with the supposed contract is breach of contract,but again an internet/illegal lender doesn't care about the law.so to summarize you are a humanoid shill,and back to the phones drone.