• Report: #391094

Complaint Review: Educational Funding Company

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  • Submitted: Thu, November 13, 2008
  • Updated: Thu, November 13, 2008

  • Reported By:Escondido California
Educational Funding Company
4740 Chevy Chase Dr. Chevy Chase, Maryland U.S.A.

Educational Funding Company Billing beyond contract amount Chevy Chase Maryland

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Signed one year karate contract, 12 payments of $79 first due 9/1/07, final due 8/1/08. Payment by automatic withdrawal. Notified studio in July that we were not renewing. On 9/23/08 Educational funding made an additional withdrawal past the contract completion date. Notified karate studio IIMA (International Institute of Martial Arts, San Marcos, CA) of error, studio refunded $79. We put a block on automatic withdrawal.

10/23/08 Educational funding attempted to make another withdrawal and then began sending us delinquent notices. Called Educational Funding, they claimed we had a new longer contract (which we never authorized) and threatened unspecified actions if we didn't pay. They claimed that challenging them would cost us a lot more than just paying them what they wanted. IIMA does not respond to phone calls and emails.

Dave
Escondido, California
U.S.A.

This report was posted on Ripoff Report on 11/13/2008 08:58 PM and is a permanent record located here: http://www.ripoffreport.com/r/Educational-Funding-Company/Chevy-Chase-Maryland-20815/Educational-Funding-Company-Billing-beyond-contract-amount-Chevy-Chase-Maryland-391094. 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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