ED Magedson – Founder
Maxlend payday loan, high interest, loan shark, ACH Fraud, hidden fees, double drafting, illegal practices, breach of contract Parshall North Dakota
Maxlend has double debited my account. They took out funds after they said that they would not. They took out two payments two days in a row and then took out the entire balance of my loan without my knowledge or consent. Maxlend has indicated this was a "computer glitch" however it left customers with little or no money for a long holiday weekend. Maxlend was not authorized to withdraw the funds and caused many customers thousands of dollars in overdrafts. Items are attempting to clear my account and my checking account is a mess. Maxlend is in breach of contract. I have contacted an attorney and notified that they are not legally licensed to do online lending in the state where I live. I was also told by an attorney the company is in breach and the loan is not enforcable by law. Maxlend has took it upon themself to dip into accounts and withdraw thousands of dollars causing several people financial distress
This report was posted on Ripoff Report on 01/22/2014 07:40 PM and is a permanent record located here: http://www.ripoffreport.com/reports/maxlend/parshall-north-dakota-58770/maxlend-payday-loan-high-interest-loan-shark-ach-fraud-hidden-fees-double-drafting-1117775. 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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