I recieved a payday loan via the internet on November 29 for the amount of $200.00 I was told that I would repay the loan on my next payday in the amount of $259.00 that I agreed to. I recieved the loan via a cash deposit into my checking account, and was told that on the next payday they would take out for the full amount of the loan due.
I have been arguing with this company since then concerning the fact that they keep taking the loan out in the amount of $59.00 a week and since they have all of my account information I have no way to stop this payment from being taken out of my account except by stop payment which cost me $29.95 each time that I use this aspect of my account. This has resulted in Interim Cash taking a total of $1262.00 out of my account to repay this money. They have taken $59.00 a week since December 9 until the last two weeks when they took out $177.00 and $259.00.
How do I stop this from happening because this is now a 631% repayment for something that was $200.00. I have repeatedly contacted the company to have this money stop coming out of my account as well as contacted the bank concerning this issue. I feel as if I will be ripped off as long as I have my account by this company and I believe what they are doing is both illegal and unethical.
I will never get another payday loan as long as I live and this scares me to think that it is ok for a company to do this to people, please help.
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