I just got a response from the Loan Shop Online!!! Only one day after I sent the letter!.They said...
Thank you for your correspondence in regards to your account. We have received your complaint and would like to settle this matter immediately.
Please be advised that we have reviewed your account and there is no further payment due of you. Your account with us loan ID 423706 as of August 20, 2008 is considered paid in full. Please be advised, the payment that was scheduled for your due date of August 22, 2008 has already been sent to the bank due to the fact that we work three business days in advance and are unable to stop the transmittion. However, there will be no further attempts on your account after this date.
If you have any further questions or concerns please contact me via email or call me at 1-800-806-9971 ext 3295.
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.