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internet payday loan -SDS Processing

Date: Thu, 06/05/2008 - 13:05

Submitted by anonymous
on Thu, 06/05/2008 - 13:05

Posts: 202330 Credits: [Donate]

Total Replies: 3


I am so ashamed! I panicked and took out another payday loan over the net and now I don't know what to do. I had to close one bank account before and now they just keep taking money out of my new account because I was stupid and got into pdl land again. I thought it was with mypayday but the notice I got said SDS and I don't know who they are. I don't have enough to make any extra payments on it and it just keeps 'renewing' at $60 every two weeks. That may not sound like much, but I am in such bad shape....okay..I am in Oklahoma; the company is SDS Processing or somesuch; I borrowed 300.00 and have 'paid' 300..I hope that is what info you asked for


Cellis, please do not feel ashamed. Crap happens. You did it, ok...now we move on to fixing it. YOu have two options, closing your account or you can read this thread and try this...some members/guests have used the processor to get the debits to stop and it has been successful. It is not something I am completely familiar with but anything is worth a shot. I believe you need to revoke debit authorization with SDS...but here is the thread to look at and if you have any questions, please post them....

http://www.debtconsolidationcare.com/paydayloan/ach-processors.html


lrhall41

Submitted by RoxyNY on Thu, 06/05/2008 - 18:49

( Posts: 4178 | Credits: )


Quote:

Originally Posted by Anonymous
I am so ashamed! I panicked and took out another payday loan over the net and now I don't know what to do. I had to close one bank account before and now they just keep taking money out of my new account because I was stupid and got into pdl land again. I thought it was with mypayday but the notice I got said SDS and I don't know who they are. I don't have enough to make any extra payments on it and it just keeps 'renewing' at $60 every two weeks. That may not sound like much, but I am in such bad shape....okay..I am in Oklahoma; the company is SDS Processing or somesuch; I borrowed 300.00 and have 'paid' 300..I hope that is what info you asked for



Ok, I borrowed from SDS and if you read the paperwork it says if you don't submit notification 3 business days before a draft they will automatically refinance at $60. You have to send them notice that you want to pay in full or they will keep refinancing the loan. I have had to close my bank acct as well because other companies have been taking out of my acct and it sucks so I feel ya.


lrhall41

Submitted by on Fri, 06/25/2010 - 08:36

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