• Report: #425563

Complaint Review: ACH Loan

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  • Submitted: Wed, February 18, 2009
  • Updated: Mon, March 09, 2009

  • Reported By:Eastlake Ohio
ACH Loan
achloan.com Nationwide U.S.A.

ACH Loan Took a Payday Loan for $200.00 in August and they keep taking the money internet

*Consumer Suggestion: Answer to Suggestion

*Consumer Suggestion: Some advice...

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I took a loan for $200.00 in August of 2008 and they have been taking out $48.00 every week since. I have paid them over $1200 and they still say that I owe them the $200.00. I have done the stop payment at the bank and they divide up the $48.00 in two payments to get their money. I have called them on an 800 number that tells you to go to their website and email them your request. I cannot find them anywhere and I cannot find a way for this to stop.

Do not use this service

Nancy
Eastlake, Ohio

Nancy
Eastlake, Ohio
U.S.A.

This report was posted on Ripoff Report on 02/18/2009 10:25 AM and is a permanent record located here: http://www.ripoffreport.com/r/ACH-Loan/nationwide/ACH-Loan-Took-a-Payday-Loan-for-20000-in-August-and-they-keep-taking-the-money-internet-425563. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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REBUTTALS & REPLIES:
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#1 Consumer Suggestion

Answer to Suggestion

AUTHOR: Nancy - (U.S.A.)

When the company does not have a phone number and they will only take the interest payment only and not put anything towards the principle like taking an additional fee to take the principle and they you find out they are located in IRELAND and their call center is located INDIA. This company is not even located in the United States
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#2 Consumer Suggestion

Some advice...

AUTHOR: Sylver8248 - (U.S.A.)

The reason the loan isn't going down, is that your money is going strictly to interest. These companies will renew your loan every 2 weeks or once a month, unless you specifically request that the payments go to the principal.

You need to contact the company directly.
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