ED Magedson – Founder
Golden Valley Lending- Utah635 East Hwy 20 E Upper Lake, Utah USA
Golden Valley Lending- Utah PayDay Loans Wire Fraud.. Never signed to agreed loan Upper Lake Utah
Applied for short term $900.00 short term loan. The rates were outrageous. I never e-signed or agreed to loan terms. I never accepted the money, I emailed the company numerous times as they kept hounding me to e-sign for my loan, my emails stated I was not accepting the loan. Two weeks later they accessed my account without my approval and just deposited the $900 into my bank. I contacted Golden Valley to advise i never auth this loan. I also advised that my bank automatically deducts $500 from any electronic ACH or direct deposit, thus the $900 they was now only $400. The next day Golden Valley withdrew $900. I had to borrow $500 to cover the shortage as well as 105.00 in NFS fees. I emailed Golden Valley asking for $605.00 reimbursement. I received two replies, 1) claims they owe me nothing, 2) then they state they need my address to send the check. They sent me $105.00 but nothing to cover the $500 I had to borrow. Golden Valley must be in violation of some type of wire fraud and FTC violations. How can i determine what the violations are actually called (i live in AZ). Also I would like to know what the legal and monetary penalties are for processing a ACH transaction w/o proper authorization.
This report was posted on Ripoff Report on 01/09/2014 08:21 AM and is a permanent record located here: http://www.ripoffreport.com/reports/golden-valley-lending-utah/upper-lake-utah-95485/golden-valley-lending-utah-payday-loans-wire-fraud-never-signed-to-agreed-loan-upper-l-1114150. 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.
If you would like to see more Rip-off Reports on this company/individual, search here:Search Tips
In order to assure the best results in your search:
Advertisers above have met our
strict standards for business conduct.