Aurora Loan Services
Illegal Check Conversion - Did you know you must be informed?!

Issue with Aurora Loan Services. It is also in Scottsbluff NE. This company did an UNAUTHORIZED check conversion. For those that do not know a check conversion is when you write a check to a company & the company in turn doesn't deposit but converts it by either entering the check infor manually or by running it through a machine. The check isn't routed through the banks. It is very much similar to a POINT OF SALE (POS), check card transaction, or check over the phone.

Based on my research businesses MUST inform you either on the invoice (mtg statement) or at the place of business that they do this. If not it is ILLEGAL. This is what ALS did. I dropped off the payment, which indicated electronic withdrawl is NOT allowed. Guess what happened? The checks were converted on 12/31/03 & my automatic deposit of my payroll check didn't occur until 1/2/03 (Bank was closed 1/1/04). As a result there's been a domino effect & over $600 in fees charged. ALS is not responding to me & so I filed a complaint with the FTC (Federal Trade Commission). I am also working on drafting a complaint to the BBB & the Colorado & Nebraska Attorney General's Offices.initially all I wanted was the money for the fees returned but not I plan to locate an attorney for a law suite filed under the UCC. If ALS has converted your checks & you were never notified of this practice please contact me!

Company: Aurora Loan Services
Country: USA
State: Colorado
City: Aurora
Address: 2530 S. Paker Rd

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