Judy, I'm sorry to hear of your experience.
I feel like I almost made the same mistake before. Fortunately, I live in Georgia where state laws make it extremely difficult for These Loan Shark type companies to operate.
One of the thngs I tried to do and failed was I responded to an internet ad about Loan Consolidation. I saw a lot of these and I always looked pass all the hype and big capital letters to read the fine print. Every single one said it was a payday advance.
One day I was desperate and tried to apply. This was back when I first moved to Georgia. When I told them I lived in Georgia, they didn't want anything to do with me. In fact I was bold enough to call on their customer service reps and was told Georgia state legislation limited them far too much. I could have lied a bit and gave them my old state address and checking account information, since I was still using that account, because afterall, they direct deposit the money straight to my checking. But I actually had a wise moment and decided to quit right there. And I'm glad I did.
Listen, if you really basically said NO to this company in which to have this thing done as you explained, then did you try to dispute this with your Bank?????
At least this terrible company screwed you for only $200 Plus Interest and not a lot more. If you feel like its a dead end everywhere, then I'm afraid you just need to pay it off in full and NEVER GIVE OUT YOUR CHECKING ACCOUNT AGAIN.
The only exception might be giving it to a reputable company such as your Auto Insurance or a large bill pay service that you trust and know they can't hide. But please don't make the same mistake again. I was stuck in Payday Loan Grief for years.
You were smart to say no in the first place before they did this, but you may have been too quick on the trigger to give them your checking account before you knew the consequences.
Bottom line, first check your dispute options with your bank, but try not to draw this out too long because Ameriloan may move to bombing your Credit Report next. So to save you from so much trouble, it may be the best thing to pay them all principle plus interest and never let this happen again.
Thanks.