Is this company a scam? I think it is. I have turned them over to my lawyer.
Consumers have the right under either federal law or industry rules to stop a payday lender from electronically taking money out of a bank account. This does not settle the debt but these rights help consumers stop the drain of repeated finance charges or bounced check fees while working out payment arrangements.
Stop lenders from taking money directly from your paycheck. Read your contract to see if you signed a voluntary wage assignment clause.
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