Report: #709070

Complaint Review: Educational Funding Company

  • Submitted: Tue, March 22, 2011
  • Updated: Tue, March 22, 2011
  • Reported By: I. — North Carolina United States of America
  • Educational Funding Company
    4740 Chevy Chase Drive
    Chevy Chase, Maryland
    United States of America

Educational Funding Company EFC stole money from me after I cancelled the contract Chevy Chase, Maryland

Show customers why they should trust your business over your competitors...

I signed up to the Integrated Martial Arts Academy (IMAA) at Harrisburg, NC. I have signed a 9 month contract (starting June 2010) and naively did not ask for a copy of it. The contract was for 9 months but I cancelled it after six months (November).

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.
Is this Ripoff Report About you?
Ripoff Report A business' first line of defense on the Internet.
If your business is willing to make a commitment to customer satisfaction Click here now..

Does your business have a bad reputation? Fix it the right way. Corporate Advocacy Program™

Set the record straight: Arbitration Program

SEO Reputation Management at its best!

This report was posted on Ripoff Report on 03/22/2011 12:58 PM and is a permanent record located here: 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

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Report & Rebuttal
Respond to this report!
Also a victim?
Repair Your Reputation!
Ripoff Report Recommends
ZipBooks Accounting Software

Advertisers above have met our
strict standards for business conduct.