Need MyPayDayLoan.com Help in PA =(
Date: Wed, 02/22/2012 - 11:21
Hey,
I feel embarrassed about the fact that I ever even took out this loan and now I am dealing with the consequences.
I took out a loan of $200, then an extra $120 in July from MyPayDayLoan.com. Kept making payments, finally realizing in December that nothing of the principle has been paid off, but that I've been paying for the honor of extending the loan. Oy. So to date, I have paid $1,033 to this company. I have been corresponding with them and they will not be reasonable with me whatsoever. They tell me that even posting my communications with them is illegal and everything has to be followed by Costa Rican law (which from what I am reading, sounds not legit.)
They want me to pay a lump sum of $375.00 to them still. But I am a substitute teacher and hardly ever have a paycheck more than that. Plus, I feel like I have more than paid back the money.
I attempted to address it directly with them. No luck. I feel like I am talking to a brick wall. Contacted PA Dept of Banking, said they are unlicensed, illegal, and that I don't owe them a penny more and I should be refunded everything after the 375.
Additionally, I filed a complaint to the FTC regarding the company.
Does anyone have experience in dealing with this company? I know it seems futile and utterly hopeless, but is there any way to get my money refunded??
And what do I present to my bank in order to stop them from touching it. If I revoke ACH, what happens if this company doesn't abide by it? I am in Pennsylvania, by the way if that makes a difference. I have very little money and I can't afford that. Thanks for all your help in advance.
Best,
AMD
I feel embarrassed about the fact that I ever even took out this loan and now I am dealing with the consequences.
I took out a loan of $200, then an extra $120 in July from MyPayDayLoan.com. Kept making payments, finally realizing in December that nothing of the principle has been paid off, but that I've been paying for the honor of extending the loan. Oy. So to date, I have paid $1,033 to this company. I have been corresponding with them and they will not be reasonable with me whatsoever. They tell me that even posting my communications with them is illegal and everything has to be followed by Costa Rican law (which from what I am reading, sounds not legit.)
They want me to pay a lump sum of $375.00 to them still. But I am a substitute teacher and hardly ever have a paycheck more than that. Plus, I feel like I have more than paid back the money.
I attempted to address it directly with them. No luck. I feel like I am talking to a brick wall. Contacted PA Dept of Banking, said they are unlicensed, illegal, and that I don't owe them a penny more and I should be refunded everything after the 375.
Additionally, I filed a complaint to the FTC regarding the company.
Does anyone have experience in dealing with this company? I know it seems futile and utterly hopeless, but is there any way to get my money refunded??
And what do I present to my bank in order to stop them from touching it. If I revoke ACH, what happens if this company doesn't abide by it? I am in Pennsylvania, by the way if that makes a difference. I have very little money and I can't afford that. Thanks for all your help in advance.
Best,
AMD
You only had to pay back the $320, and technically, not even tha
You only had to pay back the $320, and technically, not even that. They owe you $713. Have you closed your bank account? You can follow the instructions in my signature link.