I took out a loan with Loan Shop Online years ago.

I took out a loan with Loan Shop Online years ago. I have made many payments and all types of fees, they have deducted money from my banking account numerous times w/o my permission. And when I ask for a written copy of my loan, they can't provide it.Its been at least 6 years since I received this loan.I believe I have more than paid this loan off, but they keep contacting me and could debit my account again. I took the loan out int CA, but now live in TX. What are my options to stop the harassment?

5 Answers

fisrt of all, you should have known how much you borrowed from Loanshop. by this way, you know how they owe you for refund.


fisrt of all, you should have known how much you borrowed from Loanshop. by this way, you know how they owe you for refund.


Close your bank account. Revoke ACH payments. They won't give you any documents. Be rest assured about that. Ask for a refund. You have most likely paid more than the principal amount.


LOAN SHOP is not legal in any state period.the SOL is past for both states anyway.file AG,AND FTC complaints against loan shop.above all else do  not talk to them.if the number looks weird let it go to vmail.do not call back.if you get caught on with them.hang up without a word.that is how you stop the harrassment.

giving hope to the hopeless,help to the helpless,and hap to the hapless.

At first you should check out whether or not your lender is licensed in CA. If not, then you are liable only for principal amount. Ask them for the refund, as you have overpaid them. Close your bank account asap to stop unauthorized withdrawal. You may visit this link to get a clear idea about how to deal with illegal lenders:
http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallende...
 


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