An outstanding loan amount of $200 was there with Cash Central. At the start of Aug, I tried to get Cash Central Company on the debt counseling that was initiated by me. They contacted the company while submitting a proposal. Soon I have also followed Cash Central. They mentioned that they have never received a fax that suggests them about a claim. Soon they took out 127 dollar as repayment from the loan. My debt counseling company told me that I need to pay Cash Central $25 per month.
So, I set up a repayment date around 19th Aug. Afterwards Cash Central emailed me to pay $27 by this date. So, I preferred to check with my debt counseling company as they were asked by me to make an automatic withdrawal of this amount on 19th Aug. They told me that voiding the ACH is in their hand. So, I asked CashCentral to go for it and they mentioned to me that it was not important. I have also mentioned the debt counseling firm not to pick $25 during August, as Cash Central will do it.
On 21st of Aug, an email was received by me where it was stated that Cash Central’s Agreements were no longer void for me. Soon I recognize that my debt counseling company will make the payment to Cash Central afterwards. When I checked the account on 20th Sep, I came to know that $65 was overdrawn from my account. Cash Central tried to take out $112 from my account without informing me about such transaction. This was a big mess for me and my two payments were also rejected. Due to this, my credit score will also suffer a lot.
Such issue needs to be resolved quickly. The practices they are following for the collection are just unfair. Due to their collection practices, $112 was overdrawn from my account without any notice or information. Once my relationship with Cash Central will come to an end, I will feel great.