Payday-yes loan
Date: Thu, 07/02/2009 - 10:03
She said she is sorry, but that they always try to tell their customers about their "holiday" policy, but they don't always remember to. I told her that it should be on the contract or the website and that by taking it out early they are causing me overdraft fees and they are causing 3 checks that I did have the money in my account set aside for, to go back, which will incur $38 for each transaction (4 including them taking out the money early, because I don't have enough to cover even that one in there because it wasn't time for it to come out) and then each of the 3 checks will go back and I will have to pay NSF fees at each location when I go to get them...so these 3 checks that I wrote (one for $15, one for $7 and the other for $10) will end up costing me around $70 each in the end. This is going to cause me about $250-300 in fees, hot checks and EMBARRASSMENT...all because they try to tell their customers, but don't always remember.
I told her that my contract with them doesn't indicate a "holiday" policy, it just clearly states that the amount comes out of my account on the 5th and the 20th. I told her that in taking the money out early, they are breeching my contract with them. Am I right? I was angry so I was running my mouth somewhat. Do I have a course of action? The original amount was $300, I have paid $450 and I live in Texas. This was an internet loan...and from reading the threads, it appears that they aren't even licensed in Texas...or the US.
I hate them, I hate them, I hate them...Happy 4th!
They are NOT a licensed lender. The only thing you owe them is t
They are NOT a licensed lender. The only thing you owe them is the principal amount you borrowed, no fees and no interest! They are not an easy lender to deal with at all. I'm sorry to tell you this, but there is only one sure way to stop the withdrawals, and that is to close your account. If that isn't an option, then tell the bank to put a hard debit block on your account. Before you close your account, read this information at the link below. http://www.debtconsolidationcare.com/paydayloan/close-account.html
Please do not let any of these pdl's know you are going to close your account, until AFTER you have done it! CLICK HERE to find out how to deal with illegal lenders.
You could try to have your bank return the ach debit as "unautho
You could try to have your bank return the ach debit as "unauthorized" It is with in your right to do so. The bank will have you sign an "unauthorized debit affidavit" and will return the item and credit your account.
I looked at my account today. The bank did not pay it. They se
I looked at my account today. The bank did not pay it. They sent it back. I think it is because it was an overdraft item. So that is good. I will go to them first thing Monday and put a hard debit block on my account. I don't want to close it if I don't have to because of direct deposit and some items that I have set up to come out automatically (phone, lights, dish, childcare, etc). Thanks for the input. As far as I see, since they are illegal, I have paid them what I owe them...plus some.