jambo26
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my troubles with them raid my bank
jambo26 replied to jambo26's topic in Capital Finance One/ Mtcollect
But banks cannot stop card payments being made. If you give someone your card details and permission to withdraw money, your bank can do nothing to stop it. -
Similar story here. I had a text message from 'RemovalTeam' threatening me with a home visit, etc. But this was a day before I was due to pay back my PDL in full to CFO. When I rang CFO and asked why their sister company was calling me, they neither denied that MT Collect was their sister company, nor did they know why I was being contracted because my account was in good standing. I confirmed with their rep that I wanted to pay the full amount the following day and NOT have a roll-over. Has anyone else found that their loan was automatically rolled over month and month, without warning and without even asking? This happened to me 3 months in a row. However, I was assured that the full amount would be taken from my card on the following day. The following day, I rang my bank to ask if there had been any debit card transactions that morning. I was told there hadn't been any activity at all - no debits, nor any attempted debits. So I rang CFO to ask why the loan hadn't been settled as agreed. I was told that they tried, but there the transaction was declined, so they rolled the loan over and simply charged the interest to my debit card. I told them that this wasn't the case, since my bank confirmed that no transactions took place or even attempted. I was told by CFO that the transaction was declined due to 'insufficient funds'. This is, of course, a lie, since card transactions are simply declined, without explanation. Regardless, I'd had more than enough money to cover the amount in question and, as I said, my bank confirms no attempts were made to take the payment. The loan has now been paid in full and I won't be using them again. But I don't understand how they can simply roll over loans without permission and then out and out lie about the reason. Has anyone else had this problem?
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