Is Hydra Fund an illegal loan company in Texas
I evidentally have a on\'line loan with Hydra fund the amount is 300. They have ach debited my account for a total of $450. I read online that it is illegal in Texas and I closed my account and sent two certified letters to cease and desist collecting and or calling, however, both came back as \"unable to forward\" 4/11/12 I received a :legal: call stating that I will be served law suit papers because of bad checks. I called the company, which answered \"Amway\" and said I did not have any bad checks. I was informed that they had tried to withdraw funds 6 times!! They would have been informed that the account was closed on the first withdraw now I have been threatened and said that it is being turned over to Williamson County hot check division, I did inform them that they were an illegal company and I have paid the principal amount back of the original $300 but in fact paid $450. They said they will cease the lawsuit if i paid the $300 again. I told them no. I contacted a debt counseling co and was advised to just pay the principle and then close the account. Can they legally take me to court when in fact i sent out two letters to addresses that they provide but are not good? I saved my phone msg just in case but I feel very threatened by this seeing online that they are an illegal company, when I originally looked it up it is an offshore company out of New Zealand.......What are my options?