Complaint Review: Educational Funding Company
- Educational Funding Company
4740 Chevy Chase Drive
Chevy Chase, Maryland
United States of America
- Phone: 301-654-8677
- Category: Collection Agency's
Educational Funding Company EFC stole money from me after I cancelled the contract Chevy Chase, Maryland
I even paid for an extra month because I forgot about the 30 days cancelation policy. Because I was short on money, my dad helped me out and paid $114 by check to EFC for December. I even sent EFC a cancelation letter.
On January, $312 were drafted from my account and after trying to contact EFC unsuccessfully, I went to my bank (Wachovia) and claimed that this was a fraudulent charge to my account. I received provisional credit from the bank but several days ago received a letter from my bank claiming that the merchant (EFC) convinced them that I owed them this amount of money. They did not confess to them that I have sent them a cancellation letter and also cancelled the contract through the proprietor of IMAA.
EFC continued drafting $99 from my account monthly up to, and including, February 2011, each of which I have claimed fraudulent with my bank. Not only did EFC take away $312 (the three months that were left in the original contract, even though THE CONTACT HAS BEEN CANCELED, plus $15 late fee) they had no qualms with taking $114 ($99 plus $15 late fee) from my father (paying for December).
I was promised by the proprieor of IMAA that the EFC will stop charging my bank account after December and I have e-mails providing this information. I did not make a copy of the cancelation letter which I sent EFC because I was nave and thought I was dealing with a legitimate trustworthy company.
I do NOT demand the $114 paid for December because I understand that I neglected to notice the 30 days cancellation policy. I DO demand to receive the $312 back because not only do they include the two months which I were not supposed to pay, they also include a DUPLICATE payment for December.
This report was posted on Ripoff Report on 03/22/2011 12:58 PM and is a permanent record located here: http://www.ripoffreport.com/reports/educational-funding-company/chevy-chase-maryland-20815/educational-funding-company-efc-stole-money-from-me-after-i-cancelled-the-contract-chevy-c-709070. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
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