VIP Loan Shop Changed Renewal Fee Without Notice!!!
Date: Tue, 01/04/2011 - 14:25
Is there anything that I can do in this situation? My agreement plainly says $90/month and that is what they took out of my account for 2 months straight. If it was going to change the least they should have done was contact me to notify me so that I could be prepared! Luckily I had enough in my account to cover it, but it could have really wreaked havoc on my account if I didn't.
VIP Loan Shop Changed Renewal Fee Without Notice!!!
[COLOR=#333333]I got a $300 payday loan back in October which had a service fee of $90. I get paid once a month at the end of the month, and I opted to pay the $90 until I was able to pay off the loan. They debited my account in October and November for $90 so of course that is what I was expecting for December. Much to my surprise they took out $135 in December. I called to inquire about this change and after being placed on hold for what seemed like forever I was then told that a mistake was made and the fee should have been $135 instead of the $90 that I had already paid twice. I asked to speak with a manager, and he was very nonchalant about it all. He reiterated that it should have been $135 from the start and that there was nothing that they could do about it. I told him that the agreement that I signed said $90/month and that is what they had already taken out twice so how could they just up and change it without any notification. He gave me a bunch of bs about how that is the fee when you're paid monthly, but my point is that it is not my fault that someone on their end made a mistake and I should have to pay for it. [/COLOR]
Is there anything that I can do in this situation? My agreement plainly says $90/month and that is what they took out of my account for 2 months straight. If it was going to change the least they should have done was contact me to notify me so that I could be prepared! Luckily I had enough in my account to cover it, but it could have really wreaked havoc on my account if I didn't.
Let's move this to the payday loan section so more people will s
Let's move this to the payday loan section so more people will see it, then I will review your post.
Name of payday lender? Was it Internet? What state are you in?
Name of payday lender?
Was it Internet?
What state are you in?
It was from the VIP Loan Shop, and yes it was an internet loan.
It was from the VIP Loan Shop, and yes it was an internet loan. It is not located in my state. I'm in Mississippi, and I have no idea where they are.
It was from the VIP Loan Shop, and yes it was an internet loan.
It was from the VIP Loan Shop, and yes it was an internet loan. I am in Mississippi.
Internet payday loans are not legal in your state. CLICK HERE to
Internet payday loans are not legal in your state. CLICK HERE to find out how to deal with illegal lenders