HELP - CF1/MTC Drained my account - bank say though!! i must wait....

[kate1234]

Hi, I have used payday loans in the past but never this one, that i can remember. This morning (payday) they have taken out £303 from my bank in 7 different transactions as my bank told me! The bank have now told me i need to contact Cap One Fin but if i get no joy 2 get back in touch with the bank in 3-4 days, when it shows on my statement exactly where the money has gone. The bank already know where its gone as they traced it and told me where it has gone! What should be my next step? Thanks.

[dx100uk]

We have been telling people to put a letter into their bank instructing them not to make any payments under any circumstances to these companie

http://whatconsumer.co.uk/visa-debit-chargeback/s - it works!

 

banks MUST follow written intructions from their customers !

This fsa guide has now been updated:

 

http://www.fsa.gov.uk/pubs/consumer_...ghts_guide.pdf

 

Here's the text:

 

Cancelling a regular

card payment:

 

When you give your credit or debit card

details to a company and authorise

them to take regular payments from

your account, such as for a gym

membership or magazine subscription,

it is known as a ‘recurring transaction’

or ‘continuous payment authority’.

These are often confused with direct

debits, but do not offer the same

guarantee if the amount or date of the

payment changes.

In most cases, regular payments can

be cancelled by telling the company

taking the payments. However, you

have the right to cancel them directly

with your bank or card issuer by telling

it that you have stopped permission for

the payments. Your bank or card issuer

must then stop them – it has no right to

insist that you agree this first with the

company taking the payments.

Be aware, though, that you will still be

responsible for paying any money that

you owe.

see: http://www.consumeractiongroup.co.uk/forum/showthread.php?336569-How-to-remove-a-lender-s-continuous-payment-authority(2-Viewing)-nbsp

 

 

dx

[dx100uk]

new own thread created

 

dx