loan

welcome twins.one question.what state are you in?

NO IT;S NOT NORMAL. AND I GOT A 400.00 AND THEY HAVE TAKEN 1200 FROM ME AND I JUST CAUGHT IT. DO YOU HAVE A CONTACT NUMBER FOR THEM????
PLEASE SEND IT TO Personal info removed by Shazzers for your protection.
THANK YOU.

How it works is if you don't call and make some kind of payment arrangement, they will automatically take out of your account and "extention fee" until you contact them with a payment. Either half plus the finance fee or pay in full. What they are taking out of your account doesn't even go toward the balance of your loan. You need to call them and make an arrangement otherwise they will keep taking money out of your account. I think their number is 1-800-351-8820.

[quote]
How it works is if you don't call and make some kind of payment arrangement, they will automatically take out of your account and "extention fee" until you contact them with a payment. Either half plus the finance fee or pay in full. What they are taking out of your account doesn't even go toward the balance of your loan. You need to call them and make an arrangement otherwise they will keep taking money out of your account. I think their number is 1-800-351-8820.[/quote]
??
John?

I WAS GOT THE SAME WAY. I CLOSED MY ACCOUNT BUT IM SURE THE AMOUNT THEYVE TAKEN IS STILL ADDING UP. THEY TOLD ME AFTER THEY HAD TAKEN LIKE 6-700.00 DOLLARS WHY NONE OF THE MONEY WENT TO THE AMOUNT LOANED AND IT WAS BECAUSE WE DIDNT GO ONLINE AND TELL THEM THAT WE WERE READY TO START PAYING IT BACK, BUT THEY WERE TAKING IT LIKE WE WERE. IT IS A SCAM TO ME CAUSE WE THOUGHT ALL THAT TIME THAT THEY WERE TAKING IT OUT OUR ACCOUNT THAT IT WAS INDEED GOING TO PAY BACK THE LOAN! I CANT BELIEVE THIS IS LEGAL! AND THEN AFTER CALLING ABOUT 3 DIFFERENT PLACES CONNECTED TO THEM TO GET AN EXPLANATION, THEYRE RUDE WHILE EXPLAINING BLAMING YOU! JUST WHEN YOU THOUGHT YOU READ THE FINE PRINT, I GUESS MY VISION IS WORSE THAN I THOUGHT!!! THEY HAVNT SENT ANY INFORMATION TO ME EMAIL OR MAIL ABOUT HOW MUCH I OWE, OR NOTHING. THIS IS INDEED A SCAM!

They are not legal. That is why none of the money goes towards the loan.

Priority one secure your bank account and then read http://www.debtconsolidationcare.com/paydayloan/illegal-pdl-dealings.html

Actually, it has nothing to do with legallity. A PDL can be rolled-over by just paying the fee (you knew this) and that is what was going on here. I will not condone the illegal lender, but these are not a new product and generally when one goes online to borrow, they are not blind to the process.

Not in all states. Rollovers are not allowed in many states. I don't think they knew that.

Sometimes it is a blind process as the illegal ones rollover the loan and the legal ones don't. You have to pay and re-loan the legal ones.

Most assume that at least some of the fee they are charging is going towards the loan.

this same company took 400 out my acct today i dont even know who they are but they say i had a payday loan from 2008 what should i do

dispute it with your bank, get them to reverse the charges, close your account and open another - preferably at another bank.