Complaint Review: Cash Direct Express - GECC - Internet
- Cash Direct Express - GECC www.cashdirectexpress.com Internet U.S.A.
- Phone: 866-432-2562
- Web:
- Category: Loans
Cash Direct Express - GECC repeadly taking money out of my account after loan has been paid Internet
*Consumer Comment: GECC Rip Off
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I took out a $400 payday loan with Cash Direct Express on 5/30/08. I filled out the application on the internet on 5/29/08. I also was asked to call an 800 number, which I did. I answered the questions and was told that someone would contact me to finish processing the loan. No one did and the next day I had $400 in my checking account.
On 6/13/08 is when the first automatic withdrawl for the the loan occured for $106 under GECC. For the next 6 pay periods $106 was taken out of my account. This totaled $636. There was also another withdrawl on 6/13 for $40. I thought that was the end the loan was paid off. WRONG!! On 9/5/08 i had two withdrawls on for 95.40 and one for 40.00. I call cash direct express and was told that I had been paying interest on the $400 and that the principal balance owed was $404. So I have paid $800 so far and have not paid the principal down at all. They are draining my bank account and causing me to have overdraft fees. I just want it to stop.
Steph
Camdenton, Missouri
U.S.A.
This report was posted on Ripoff Report on 09/08/2008 02:26 PM and is a permanent record located here: https://www.ripoffreport.com/reports/cash-direct-express-gecc/internet/cash-direct-express-gecc-repeadly-taking-money-out-of-my-account-after-loan-has-been-pai-370931. 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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#1 Consumer Comment
GECC Rip Off
AUTHOR: DennisS - (USA)
SUBMITTED: Wednesday, November 04, 2009
I have also dealt with this company. If your bank refuses to block any ACH debit from them, close the account. Check with your state's attorney general's office or the state banking commission and file complaints with the appropriate agency. This company is operating illegally in my home state. Probably in yours too. Internet payday loan companies are required to be licensed in any state they do business in. Good luck with your predicament.


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