UNITEDCASHLOANS DOUBLEPAYMENTS Internet

It sounds like your loan was auto renewing.

What that means is that first several payments that were debited were only for the loan fee with none of it applying towds the original amount of the loan.  That is how these payday loans work.  You need to contact them to instruct them to take out the fee plus the loan amount in order to pay it off.  Although by now it is too late.

To break it down, you took a $150 loan costing $30 per $100 loaned ($45 total for $150).  The loan is automatically set to renew for a certain number of debit periods (the usual is three).  After which, your account is debited $50 to apply towards your loan amount plus the loan fee.  You debits will look like this:

1) $45 Loan fee - $0 towards loan amount (auto renewed) = $45

2) $45 Loan fee - $0 towards loan amount (auto renewed) = $45 

3) $45 Loan fee - $0 towards loan amount (auto renewed) = $45

4) $45 Loan fee - $50 towards loan amount ($100 owed) = $95

5) $30 Loan fee - $50 towards loan amount ($50 owed) = $80

6) $15 Loan fee - $50 towards loan amount (loan paid in full) = $65

With auto renewing the total you will pay is $375 for a $150 loan.

They were not over payed.  You misunderstood the type of loan you had gotten into.