Times are really tough for my husband an I right now so on 12/28 I went on a web-search for Advanced Payday Loans. I was only looking to do $200.00 so the web-site I went on wasn't specifically 200cash.com (I can't remember exactly what it was) but depending on the dollar amount you want to borrow it generates 200cash.com; 300cash.com, etc... Again I only wanted $200.00 thus the 200cash.com. I did go through as far as giving pertinent information out such as social security #; bank account information etc... Very, very stupid on my part but sometimes when a person is desperate they don't think of these things because web-sites tend to "tell you what you want to hear".
Ultimately, at the close of everything the web-site brought up this screen that showed a check made out to them for $260.00. When I came to my senses and common sense set in at the bottom is gave you the choice to either yes everything or "No Thanks" which is what I clicked on and it bounced me out. The same day; 12/28 my husband received to different e-mails from this company. One being the "Received Application" the other was pdf form and it was the "Loan Agreement". With the loan agreement we were supposed to print it off; sign and date it and take it to the bank and have it notorized. We then were supposed to fax it to the number that was on the form. We did none of this. I've saved the only two mails received from this company. It did prompt me to sent an e-mail to the address on the mails—which I completely stated I never carried through with their process; they were not authorized to charge our checking account for anything; and if they did I would dispute any and all charges and turn them in. I also have this copy as well. No reply-of course and on 12/30 they took out $19.00—again not authorized. I contacted my bank only to be told that they filed a dispute but it would take 90 days to reverse the charges&I was not happy about this. At any rate again on 12/31 a fictious check showed up in my account and took another $69.95 out—again not authorized. It's blatantly a fraud. I don't use paper checks in my checking account and it looks as though someone tried to forge my husband's name on the line. I'm really believing that 200cash.com is the same as Consumer Advanced Credit because it's the only site I went too. Being that it's New Year's Day I've already tried contacting my web-banker which is M & T Bank and everything is closed today. I will, however, contact them first thing in the morning; demand my charges be reversed—and thank you so much for posting about Federal Regulation E because I will not only use that when I contact the bank in the morning but if they still don't immediately reverse my funds (these 2 transactions are going to cause 5 items including the 69.95 to bounce and they will charge 37.00 per transaction for a total of $185.00 in additional charges&money I do not have) I will also contact the local TV station in New York (that's where I'm from and that's where my bank is at) and have them investigate it further. I'm sure though I won't have to go any farther then using the Federal Regulation E. I will post how I made out on 1/2.
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