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Repayment of payday loan

Date: Tue, 02/10/2009 - 04:03

Submitted by anonymous
on Tue, 02/10/2009 - 04:03

Posts: 202330 Credits: [Donate]

Total Replies: 8


Bank statement reflects $250 deposit from Star Group Payday Loans. I do not recall authorizing transaction but would like to repay. Payday, 2/06 is long gone and loan plus charges, not deducted.


I applied to a different lender and recieved a $300.00 advance. It was deducted as two $190.50 debits on 02/06, as agreed. The process was confusing with so many lender's answering the initial request. I am unaware of agreeing to any other than as noted herein. I owe someone $250.00 plus interest.


lrhall41

Submitted by on Tue, 02/10/2009 - 12:57

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That is so true kfstaff24.

Some people do not realize that when they apply for a PDL they are not applying with the company they are seeing on the website. They are often brokers that take your information and spread it around to hundreds of different lenders.

Sometime those lenders, which are illegal, then deposit that money into your account with out ever contacting you nor you signing any papers.

Even if you did sign they then sell off that loan to a sister company with a completly different name and that makes it confusing to know who you really owe and impossible to track them down and pay off the loan.

They just continue to debit your account over and over stating it is a fee to renew the loan but you can never find any contact name or number to pay off the whole loan even if you wanted to.

Dispute the charges and if you have to close the account. That is really the only way to stop it. You can think it is gone for weeks or even months and then some strange company pops up and takes out money under a new name and new ACH processor.


lrhall41

Submitted by nohiogal on Wed, 02/11/2009 - 02:58

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