quick help re Sandpoint Capital I live in Florida

From what I can gather from the forums is that this company is illegal and you have paid the princpal on the loan.

Be careful though...they may try to deposit under a different name or a paper check. You might want to close your account and open another.

i agree guest.unless you put a hard block on your account they will find a way to debit.also they won't agree that they are illegal(which they are).just know that anything they say or threaten they cannot do.try sending the letter first,if they get snippy file AG,and FTC complaints against them.

I just put a block on their debits this morning. The only problem with closing my account is that I have had this account for 16 years and have a good relationship with the bank. My husband's paycheck is directly deposited into that account and I have other ach payments for my car, insurance etc that come directly out of that account. I have already reported them to the State Attorney's office in my state and am sending the letter today. I just do not want them calling my job, my home etc. I did tell them to only communicate with me via email and USPS in the letter that I wrote but if they are illegal what is going to stop them? I just do not want a big hassle. I am not behind in the payments but after finding this forum I realized that the amount that they have received from me has already paid them off and then some.

oops....previous post was mine! I just forgot to sign in before I posted that reply....my bad! :lol:

It all depends on the PDL. Some back down very quickly and you never hear from them again.

Others insist you owe and then back down once a complaint is made with the BBB and the state AG.

While are others are ruthless and call your job and home many times a day and make threats.

I would just be prepared for the worst. Since they are illegal they also use illegal tactics to try and collect.

If you're persistent about keeping that account then do as Paul suggested, speak to the bank manager about a hard debit block. In my experience though, once a company like that has your account number you will always be looking over your back. :?