In december I borrowed money fron several online paydayloan companies totaling approximately $1500. What I didnt realize was that the loans must be paid in full via my checking account on my next pension payment (once a month). When I found that this would not be possible and after the payday loan companies contacted me for immediate payment, out of the blue comes langhorn debt solutions. The initial contact came from an offshore (possibly someone from india) whom seemed to know alot about my problem with the payday loan companies. The nice lady in turn put me through to a counselor who promised to help with the payday loan problem. The deal was for me to pay an upfront fee of approximatly $156.00 after which they would contact the pay day loan companies to make arrangement on paying a reduced amount to them. He also said that i was to make additional payments sothat when they made a deal with thie pay day loan companes they would pay them off on my behalf. The program would take about a year to settle with them. Well after about a year (they were deducting about $30.00 from my checking account for over a year in addition to the initial amout of iguess would amount to $300.00. Not one of the paydaylons were paid off and the so called counselor told me that the money was supposed to be placed in my own account. At no time did I realize that tis was how this worked. Needless to say I was shocked at this. I reported this to the better buissness buerough as well as the ftc and the Michigan Attourney generals office.
0 comments