How do I stop Little Loan Shop from Debiting my Account
Date: Thu, 04/02/2009 - 09:13
Thanks to everyone who responded to my earlier posting about who to report a payday lender to. Now, I have more problems.
Little Loan shop keeps debiting my account. My account is overdrawn. I put a stop payment against them. They said they have the right due to my contract to debit from my account until the balance is paid in full. Also, they are saying that I have an installment loan. In the past, I only had a standard loan where I paid by a certain amount. I noticed on their website that it says when you log in did you get your loan prior to 10/14/2008. Is this the timeframe they started doing installment loans? If so, then my loan was process prior to this date.
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What are my steps? They are killing my banking account.
Registest in Mississippi
Little Loan shop keeps debiting my account. My account is overdrawn. I put a stop payment against them. They said they have the right due to my contract to debit from my account until the balance is paid in full. Also, they are saying that I have an installment loan. In the past, I only had a standard loan where I paid by a certain amount. I noticed on their website that it says when you log in did you get your loan prior to 10/14/2008. Is this the timeframe they started doing installment loans? If so, then my loan was process prior to this date.
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What are my steps? They are killing my banking account.
Registest in Mississippi
You need to close your bank account. They will continue to debit
You need to close your bank account. They will continue to debit untill it is closed. Also they are not an installment loan compnay, they tried the same crap with me. They are a PDL with a repayment plan of 10 payments. This is where they claim they are a installment loan. They are not backed by a bank at all. I have posted my experiences with LLS and information on installment loans below.
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HERE is my experience with the LLS. Hope this helps.
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HERE is more information on installment loans.
