Hydra Fund Hydra Fund II, Hydra Fund III, Hydra Financial Deposited $250 into bank account then tried to take $90 every week out of my account overdrawing me. NOT AUTHORIZED to deposit or withdraw. Internet *EDitor's Suggestions on how to get your money back into your bank account that someone wrongfully takes it from you!

Back in January I had applied for various online loans. I received ONE loan that I was approved for and I did sign for the ONE loan. NO problems with this company. In Feb my bank account became overdrawn because someone from 'Hydra' was trying to take $90 a week out of my account.

I have NO idea who these people are and I never signed anything with them. I have not received a single email from these people either.  I had to put a 'stop payment' on them.  I was overdrawn over $800 by March because of this and someone called 'Vince'. 

Tried to call the phone number listed on the transaction on my bank account and got a recording. Enter account number etc.  Couldn't do that didn't have an account. I've never heard of these people. Now, we actually got a phone call this morning, Hydra is suing my son for this 'loan'.  They're saying the loan was in his name.  He didn't take or request any loan except for one via Western Sky's website.

I don't know who this Hydra place is. I have ONE online loan and it is not thru them.  My son doesn't even have a bank account.  I would like to know what recourse we might have regarding this.  We have received nothing via email or via USPS. How can they do this?  Neither of us ever signed or agreed to a loan from them.  Please help or where can we go for help?  Thank you


EDitor's Suggestions on how to get your money back!

HERE IS WHAT RIP-OFF REPORT SUGGESTS YOU DO:

Go to your bank within 60 days of the charge, or as soon as you know about the charge, don't delay, and tell them that there has been fraudulent activity within your account. Explain that you wish to file a dispute, and demand that they assist you in accordance with Federal Regulation E.

According to the majority of victims interviewed by Rip-off Report, those who immediately called their banks to dispute the charges did not get very far. Many victims got the following responses from their banks: we could not do anything for you or you waited too long; it has been more than 60 days.

If the bank is says that you have waited too long, explain to them how you called their 800 number as soon as the charges were found, and were told by the bank that nothing could be done. Remind the bank that they failed to assist you properly at the 800 #, and instead, provided you with an inadequate explanation of your right to dispute. Tell the bank that it's their fault time has expired, and since they gave you the wrong info to begin with, they will just have to deal with it, take the loss and reverse the charges.

Tell them the truth; this was unauthorized and your account was NOT to be charged! Keep emphasizing how you never authorized anything! Direct them to the hundreds of victims reports that were filed on Rip-off Report.com. And if you're at the bank, walk them over to their computer and make them go to this site! If you are on the phone with them, tell them you will wait while they access this site! Either way, be persistent!

DO NOT TAKE NO FOR AN ANSWER!

Let them know nicely, that you were advised to Report them (the Bank) and this situation to the Banking Commission in your state. Since each state has a different name for the agency/controller over banks, find that name before you call or get to the bank so you can throw it in their face. The more knowledgeable you appear to be, the further you will get.

And just continue to demand the Federal Regulation E form! The bank CAN, MUST and WILL reverse the charge! But, you must be persistent; ask to speak to the supervisor or the area manager for all the branches in the state.

Let the bank personnel know you are meeting with the media later in the day, that you would much rather they do the right thing (as most other banks have) by looking at the complaints and immediately reversing the charge(s) to your account; no matter how long ago it was. Be sure to call the Media if necessary so you are telling the truth.

If you have to, be loud (but nice) in front of other customers. If you are just calling by phone, the above tactics should still work. The bank can easily fax or mail to you the Federal Regulation E dispute form.

CHARGES TO YOUR CREDIT CARD

If the charge was to your credit card (not debit card, check card, or checking account), contact the credit card company as soon as possible to request a dispute form. Consumers usually have a little longer to dispute fraudulent credit card charges (up to 6 months), but it is better to act right away. In this type of situation, credit card disputes are usually successful since fraudulent companies often won't contest the disputed charge. In rare cases, credit card companies will review disputes, but refuse to reverse the charges. If this occurs, complain to a manager and let them know you will be filing a report here.

Remember Don't let them get away with it! Make sure they make the Rip-off Report .. The more Reports filed on a Company or individual, the more likely it is that the authorities, media and attorneys will want to take action.

And good luck Let us know how you do!

ED Magedson Founder RipoffReport.com Author of www.ripoffrevenge.com

Rip-off Report PO Box 310, Tempe, Arizona 85280