Loan Shop Collection

Did you contact your bank and start a dispute?

slowjenn7 have you ever taken out a payday loan, anywhere, recently?

slowjenn, do you have ANY pdls out? Maybe the are debiting under a different name than the loan you have out? I'm just guessing here. Usually the Loan Shop will debit as the Loan Shop; however, these pdls can be sneaky. Do you have ANY pdls? If so, with who? Maybe we can narrow it down and see who it might be. I would file a dispute with my bank right now, if I were you. But, that's just me.

hey guys, they did the the same too my account 390.00. i filed a fraud with the bank. they are a con company. hopeful the the bank will find out whos behind this. watch your account:

I looked at my account today, and they attempted to debit $390 from one of my checking accounts. I have never had a loan with them! I am on the phone with my bank now, and they are investigating it and placing stop payments on this transaction. I cannot believe that a company could be so crooked!

Happened to me as well. My payment bounced and within 3 days I called to make payment arrangements and almost immediately after hanging up the guy called back and said that the company had already entered debits of $120 and $280 for two seperate days to come out of my account and there was nothing he could do, I would have to stop payment on them. To do this cost me $30 bucks per stop payment with my bank of course. the Loan Shop is really crooked.

actually boom,you can go see your bank manager
and get your account on a hard block.that means deposits only,no debits.that should put a crimp in loan shop's shorts. :D :D

Just a note - When you sign your loan agreement with them you authorize them to debit your account multiple times if you have a payment that bounces . . . In the above post, the company did exactly what their contract said they would do. You had not revoked authorization. The company didn't do anything wrong in that instance.

It still sucks, legal or not :wink:

this company to $260 dollars out of my account on may 30,2008 i dont even no who they are. :( :(

Cullins, do you have a pdl with any company? If you do maybe the company you have the pdl with is just using a diffeerent name to try to get money. Have you called your bank to dispute the withdrawal you could also put your bank account on a hard debit block so no one can take money out of your account.

Is it possible that these companies can actually take money just out or random bank accounts if a person has never had a pdl? That's very disturbing if it is I don't understand how they could possibly get by with that.


Johnita

Sounds like they ae attempting alot of unauthorized debits from peoples accounts, that is a shame, I really hope that you guys all get it straightened out soon, goodluck and keep the forum updated on this so others will know what they can do about it if it should happen to them.

They just sent me a refund for 500.00. I'll take it since I overpaid by 960.00 it's better than nothing. They were actually nice to deal with. I spoke with William Mashburn who was very helpful, they even sent a cashiers check overnight. They have been the most reasonable for me to deal with.

this company also debited my account for 345.00 and i do not now nor have i ever had a pay day loan. i have no idea how they got my information and it not only cost me the 345.00 but 25.00 stop payment fee. does anyone have a number for this place so that i can call them? what do i do now?

William MAshburn is the person who resolves complaints. If you file a complaint with the BBB of Delaware- he will respond.
Contact info is wmashburn(at)ltsmanagement.com
phone is 888-265-5074 ext 3497

Good luck!

I finally got things straight with them last week. I only legally owed them $15 and re-threatened them with the bbb. They sent me an email saying they would consider it pif if I would send them the $15 via moneygram. I went ahead and sent it to get them off of my back. Even though I had to pay for the moneygram, it was worth it to me. Now I have two down and two more to go!!!

This company sent an ach for 390.00 from my checking account and i dont do payday loans ever!!!! I called my bank and they will give me the phone # information after to clears because at this point they said they cant stop it, which is junk but it will get reversed.

I CAUGHT THIS THE DAY AFTER THEY TRIED TO TAKE THE MONEY OUT OF MY ACCOUNT. I STOPPED THEM DEAD IN THEIR TRACKS. I CONTACTED MY BANK, PUT A HOLD ON ALL MY DEBITS, AND CHANGED MY BANK ACCOUNT NUMBER.
NUMBER ONE RULE: DON'T EVER USE ANY PAYDAY LOANS ON THE COMPUTER, THEY SELL THE INFORMATION TO ANYONE THAT WANTS TO PAY FOR THE NUMBERS.
THE PHONE NUMBER IS 1-888-265-5074, THE LADY I TALKED TO WAS VIRGINIA, SHE WAS A TOTAL B_ _ _ H, TELLING ME THAT SHE COULD TAKE ANYONE'S MONEY AT ANY TIME.
I HAVE FILED A FRAUD REPORT WITH THE FBI TRYING TO CLOSE THEM DOWN AS SOON AS POSSIBLE.[font=Tahoma][/font]

Definitely email William Mashburn! I have another thread here titled "Loanshop Questions." I had filed complaints with the FTC, BBB, and AG, and emailed William Mashburn yesterday. This mornign I have an email from Brad Weathers bweathers (@) ltsmanagement.com, with a CC to William Mashburn, that they are writing off my loan if I just sign and return the release!!!

I was struck. Several years ago, I was sucked into the cash loan vacuum. At the time, I was never smart with my money and found myself in one financial bind after another which just snowballed when I began taking out cash loans. Since then, I've paid them off and thought that bad time was in the past.
Flash forward to today... I have a much higher paying job and a new checking account. However, my car suddenly needed massive work and instead of turning to credit cards (which I worked hard to pay off), I decided to use my checking account. The payment left me a little in the mud. So to have some extra cash in my pocket, I decided to do a payday loan... knowing that I could afford to pay it back with my next paycheck. I filled out an app with a website who will send it to several lenders. I received several offers (of course- these people know they're making tons of bucks off of us) and settled on one with a company I thought seemed professional and organized (and most of the these places ARE NOT). I was approved and the funds were deposited in my account earlier this week.
Yesterday, I noticed a strange debit in my account for $400 which left me in the negative. I was bomblasted by this and spent the entire morning on the phone with the bank trying to determine who the charge was coming from and attempting to get help from the bank (they could do nothing...). Turns out the charge was from Loan Shop Collections. I had absolutely no idea who this was. All the bank could tell me was to wait until it posted, go to a branch the next day, file an affidavit, research will be done to prove it was fraud, and then I might have my money back in the next 2-3 weeks.
I did research all day yesterday. I finally went to the Better Business Bureau and found out that Loan Shop Collections actually is associated with a company known as XPress Cash... and this was one of the places I took out a loan from several years ago.
I have determined that this must have been a cash loan that fell through the cracks when I was attempting to pay the many I had off (yes, I learned a VERY hard lesson back then). When I recently filled out the application for a new cash loan, they must have received it too, saw that I was an old customer who owed them money, and sent the charge to my bank account.
Now... if I did indeed still owe them money, of course I should pay them back. HOWEVER, the original contract I signed would have stated they could debit my OLD checking account (which has been closed for over 3 years). I never re-signed a contract with them while I've banked with the new institution... nor did they ever contact me to warn that they found me and needed authorization to debit the new account number they found (which I would have then said 'Payment plan?'). Instead, they just routed the debit to my bank and today it posted. My mom helped me out by depositing funds yesterday to help cover the negative balance and cover a check and a debit that hadn't gone through yet... and she saved me from multiple NSF's.
I still plan to file a grievance with my bank. I also filed a complaint against XPress Cash with the Delaware BBB. While I don't deny that perhaps I owe them money, they NEVER had the authorization to take it out of my current account... nor did they contact me. I am livid and $400 short. After doing some research, I realized that what they did was illegal. They cannot
access a checking account without authorization... and again, I was using a different bank and account when I used them as a lender several years ago.
So there you go. Loan Shop uses a few other names as well. Most likely, if you did take out cash loans in the past, you wouldn't recognize the name 'Loan Shop' as you probably received money from another of their names or partners, like XPress Cash.
I called an actual 'The Loan Shop' in Midland ,TX yesterday to see if I ever had an account with them. They confirmed that I did with XPress Cash. I then left a message with an account manager they forwarded me to asking that she call me back immediately concerning an old account. I'm still awaiting a call back.
I'm determined to get the full amount back and instead set up a payment plan with them. They had no right doing what they did... and this week I've learned yet another lesson: Even though I know I'm now financially able to take out an emergency loan and pay it back immediately, JUST DON'T DO IT... EVER... AGAIN!!!

I have contacted my bank and as of yet nothing has been done. These people have run up over $700 dollars of overdraft fees on my bank account. I can't seem to get an address or phone number for these ppl. Can someone help me?

Does anyone have a good fax number for The Loan Shop?

I used fax number 1-800-757-8373 and I they received the fax because the next day - they started calling me.

So far they have been pretty low key - called me once and then all other communication through email.

how do you contact them

miguel try some of the suggestions above. :)

Yes,...this happened to me. A year ago, this jerk called me and tried to convince me that I had taken out a loan a year earlier. I knew that I hadnt. I had NEVER had any payday loans at that time. This guy rattled off my brothers name, his brand new wifes name,....even their babygirls name. He mentioned my Dad (who was dying of cancer at the time) and my Mothers name. He thought him knowing that info would some how scare me. Please,.....thats info you can get at any Dispatch of Public Records. Now,...a week ago,....an entire YEAR later,...they contact me again telling me I owe them $465 for a $200 loan. The guy a year ago told me I owed them $3000. The amount always changes. Anyways,...a week ago. I went online and ACTUALLY got a loan from some website. This "company" that claimed I owed them $ was "cherry-picking" loan sites and got my routing and account #'s. The very next day, they tried pulling out $320. I put a stop on it. Closed my account and reopened a new one. They have been calling and emailing me,...harrassing me. By the way,...CLOSE your account. They will keep taking money out over,..and over,...and over again until you put a stop to it. They are all bottom-feeders.

they just took 390.00 from my account today also. I called my bank and put a stop paymewnt on this company. it not onlyt cost me 390 buty also 35.00. The bank told me that there wasnt even a number when they debited this from my account. This company needs to be sued for doing this to ppl. This is just not right.

you should be aware that if someone that is on an account with you and your the primary they get a loan from these people. they will take your money even if your with another bank and there not. :twisted:

they did the same to me for 390 and i didn't have the money my bank is looking into it now

you people are not the only one who are victims with the loan shop collection dept... i am the victim. and i just found out abt this this morning on oct 27, 2009... it realllllly pissed me offf... i never had any loans since. and they tried to hacked into people's bank account... so i am going to claim this right now.. thank you people for telling ur experiences with that loan shop collection dept... thank you...

This company has scammed me out of $300. I have had delinquent payday loans but have never had to deal with this type of repayment plan. They are rude and threatening.
I don't really believe that i have ever had a loan with them.
I have spoken to an attorney, police department and sheriff's fraud unit. Keep them talking and tape calls.
Until they produce something with my signature no more payments

Has anyone checked the address of 2207 concord pike #250 wilmington,de 19803. I cannot find it anywhere.
Also rebecca is a real peach, couldn't be much nastier and couldn't care less about people.
I hope these con artists get what is coming to them three fold.
Karma is a good thing for bad people.

does anyone have the phone number to the loan shop

The same thing happened to me.what happened after you protested the payment?did you get your money back?

Is this Loan Shop Online or Little Loan Shoppe?

This just happened to my account. Im frreaking out. I dont have any idea who loan shop is and they debited my account 390.00 yesterday. I cant believe this.