checkngo - internet loan
Date: Wed, 12/02/2009 - 16:34
I just placed a stop pay on a loan that I have had out with Check n Go. I have had a total of 7 -$700 loans all paid in full with a fee of $95.00 per loan. I have also had 2 smaller loans which I paid in full as well. I live in Washington State. I am a little worried because I placed a stop pay for the amount of $795.00 being debited from Check n Go and the bank said that it would not stop it, if the company tried it for one penny less or any other amount. They said that if that happens I could file a claim, and I would get the money back, but not sure if I would get in trouble for that.
I plan on making payments starting in 2 weeks and paying them $100.00 every 2 wks until it is paid off. Any suggestions??? Never had a payday loan before and I am very nervous. I did ask them if I could go on the payment plan and they said the only way to do that was if I paid it off and reloaned in the same day. The only way that I could reloan in the same day was if they 3-way called my bank (Bank of America) and made sure that I still had funds in the account after they had took out their money, then go online and reapply. I did this and they did not deposit the money back into my account for 3 days, which made me uneligible for the payment plan. The man pretty much told me the only way I would ever be able to make payments is if I let the check bounce. I explained that I have other bills coming out of my account and cannot afford 5 check fees. I really need to know if I am getting in trouble or if there is anything else I should be doing. Thanks!
I plan on making payments starting in 2 weeks and paying them $100.00 every 2 wks until it is paid off. Any suggestions??? Never had a payday loan before and I am very nervous. I did ask them if I could go on the payment plan and they said the only way to do that was if I paid it off and reloaned in the same day. The only way that I could reloan in the same day was if they 3-way called my bank (Bank of America) and made sure that I still had funds in the account after they had took out their money, then go online and reapply. I did this and they did not deposit the money back into my account for 3 days, which made me uneligible for the payment plan. The man pretty much told me the only way I would ever be able to make payments is if I let the check bounce. I explained that I have other bills coming out of my account and cannot afford 5 check fees. I really need to know if I am getting in trouble or if there is anything else I should be doing. Thanks!
Well, it happens with the debit block. Payday lenders often try
Well, it happens with the debit block. Payday lenders often try to bypass it by changing the name or amount.
However, I'm bit confused here, you said all the loans are paid in full, then what the debit is for? May be the experts would be able to help you.
