Payday loan scam

[spartanfan53]

I recently inquired about a payday loan online, gave my info, then decided not to pursue it. A couple weeks later i notice that there is 200.00 deposited in to my bank checking account. It is from Hydra Fund 1 which i investigate and find out is a payday loan company. I never contacted this place. It turns out after investigating online that they buy peoples info from other companies and then say they have your electronic signature on a loan. They send you 200 bucks then proceed to electronically debit 60.00 for interest owed every two weeks. I have called and called and they dont stop. They say they have a valid loan electronically signed by me. They have all my banking info somehow.So now i guess i have to go close my bank account in order for these debits to stop. They say if i do they will sue me.
Seems there are all kinds of complaints online from people getting scammed by this place.
Any ideas what i can do to get this to stop? Who do i report this to.

 

[CHOPTALK]

You must have given someone your BA number and SS

 

[Betallsports]

I would think just pay it back.
Meaning it was $200 ?? Just send them the $200 and get it over with.

 

[Betallsports]

Worst thing in the world is one of these loans.

Stay as far as you can .

 

[DrunkenHorseplayer]

1) Go online and file a complaint with both your State's and the US Attorneys General; print copies of the complaints and fax them to the company (don't fax from home; do it from a Kinko's, etc.)
2) Send them a letter stating that you owe them nothing and will pay them nothing unless and until they beat you in court.
3) If they call, record the conversation, inform them of the recording, inform them that telephone harassment is a crime, that you won't hesitate to sue them for it and order them not to call back.
4) Close your bank account.

You shouldn't have much problem thereafter.

 

[SECplayer]

1) Go online and file a complaint with both your State's and the US Attorneys General; print copies of the complaints and fax them to the company (don't fax from home; do it from a Kinko's, etc.)
2) Send them a letter stating that you owe them nothing and will pay them nothing unless and until they beat you in court.
3) If they call, record the conversation, inform them of the recording, inform them that telephone harassment is a crime, that you won't hesitate to sue them for it and order them not to call back.
4) Close your bank account.

You shouldn't have much problem thereafter.

This. Shut down your bank account. No way in the world they'll sue you for $200. The filing fee for the complaint and the cost of a process server would exceed the $200 they allege you owe. Just wouldn't make fiscal sense to bring this suit.

 

[spartanfan53]

1) Go online and file a complaint with both your State's and the US Attorneys General; print copies of the complaints and fax them to the company (don't fax from home; do it from a Kinko's, etc.)
2) Send them a letter stating that you owe them nothing and will pay them nothing unless and until they beat you in court.
3) If they call, record the conversation, inform them of the recording, inform them that telephone harassment is a crime, that you won't hesitate to sue them for it and order them not to call back.
4) Close your bank account.

You shouldn't have much problem thereafter.

Thanks for the advice. They already have taken back the 200 plus 40 in electronic debits for interest they say i owed. I will close my account first thing Monday and wait to hear from them which im sure i will.

 

[Betallsports]

you can also dispute the electronic debits....

I did this once with Bank of America... they Love shit like this.

 

[snoop]

Lucky you. I had a checking account w/ Bank of America 14 yrs ago, got one suspicious charge for $65.00, talked to the teller/supervisor/branch manager and no one bother to help. End result: Closed my checking account and I never come back to those bastards ever again.

 

[vinscully]

Contact your bank and say it's fraud. You won't be the first to have done so.

 

[Betallsports]

Lucky you. I had a checking account w/ Bank of America 14 yrs ago, got one suspicious charge for $65.00, talked to the teller/supervisor/branch manager and no one bother to help. End result: Closed my checking account and I never come back to those bastards ever again.

Just what scully said. Use the word fraud now a days, and they will Jump through Hoops to stop it.

Also you're talking 14 years ago.... Not Today.

Believe me, I hate BOA as much as anyone. But they are Now the First to blink when they see something out of whack.

Matter of fact, just this past week they Stopped my CC and is reissuing New ones because of a Vendor that had a branch of some kind. Wasn't even My card... but they said it was Others, and guess it was a large enough amount that they were sending out New Cards to everyone.

 

[antiLoser]

Just what scully said. Use the word fraud now a days, and they will Jump through Hoops to stop it.

Also you're talking 14 years ago.... Not Today.

Believe me, I hate BOA as much as anyone. But they are Now the First to blink when they see something out of whack.

Matter of fact, just this past week they Stopped my CC and is reissuing New ones because of a Vendor that had a branch of some kind. Wasn't even My card... but they said it was Others, and guess it was a large enough amount that they were sending out New Cards to everyone.

This is why I use pre-paid cards for anything online. If they do get my info there's never more than a couple hundred on the card so that is all they can get from me. Of course the OP's problem is different but just food for thought.

 

[pocketrockets]

This is why I use pre-paid cards for anything online. If they do get my info there's never more than a couple hundred on the card so that is all they can get from me. Of course the OP's problem is different but just food for thought.

+1