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SDS Processing – Has anyone dealt with them?



mooreba79

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Sub: SDS Processing – Has anyone dealt with them?
Mon, 23/05/2011 05:34

I had an account open with these guys starting in June 2007 for a $250 loan. They took $150 out of my account every month until today (so they have been paid $1500!). I sent them a C & D letter and they responded:


Ms. ######,

In response to your letter, regarding your loan with SDS Processing, we will no longer debit fees from your account. We will not be refunding any fees to you. We have forgiven the $250.00 loan that you have not paid. If you did not agree with the terms of the loan, you should have not taken the loan. When the loan was processed the terms of the loan, including the fee amount was explained to you by a representative of our company. In addition you received the terms in writing when upon completion of the loan processing. Again, you have not paid the $250.00 loan and no fees will be refunded to you.

Sincerely,
SDS Processing




Am I entitled to a refund? I have filled out a complaint with my NC Attorney General with a copy of the letter I sent and a copy of their reply and sending it out today.



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paulmergel
paulmergel


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Sub: #1 well shill since i don't believe you i will post this for othersMon, 05/23/2011 - 05:34



well shill since i don't believe you i will post this for others.each state has laws in regards to pdl's.those laws apply whether the lender is internet or storfront.the storefronts are mostly members of the CFSA,and act within the rules.SDS and other ipdl's do not.illegal lenders don't care about the law.if they did they would procure proper license,and operate within the rules.btw lending then debiting an account not in accordance with the supposed contract is breach of contract,but again an internet/illegal lender doesn't care about the law.so to summarize you are a humanoid shill,and back to the phones drone.

giving hope to the hopeless,help to the helpless,and hap to the hapless.


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Sub: #2 I have had several loans through them and have never had an issuSun, 05/22/2011 - 11:07



I have had several loans through them and have never had an issue because I read my paperwork and asked questions when they called for confirmation of the loan. READ YOUR PAPERWORK PEOPLE! The fee they are taking out is the refinancing fee. I dont understand why people feel is not legal for them to lend to you or charge the fees, its legal for people to borrow.


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Sub: #3 sds prossing has soldmy info.i have people calling from every whTue, 04/19/2011 - 12:01



sds prossing has soldmy info.i have people calling from every where saying they r going a come 4 me and my husband i contavted the f b I AND THE attorney genergals office this is crazy the contavt peolple that was on the contact info.from the app. ad have your last 4 digits of info this really needs 2 stop


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Sub: #4 stop pretendingSat, 04/16/2011 - 11:25



Don't lie you are iether affiliated with sds or own sds. Shameful tactics you resort to. Shameful.


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Sub: #5 I have a payday loan with SDS, does anyone have their number on Sun, 11/21/2010 - 18:09



I have a payday loan with SDS, does anyone have their number on here?? It was accidentally erased from my phone and i'm scared if I dont get it soon I wont have it in time to tell them to take it out of my account....


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Sub: #6 mine has been a long time will there be interestFri, 08/13/2010 - 17:02



mine has been a long time will there be interest


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Sub: #7 This company operates the same as any other online payday loan cFri, 07/30/2010 - 11:22



This company operates the same as any other online payday loan company. Their interest is $30 per $100. If you borrow $100, you either owe $130 on your next payday to pay off the loan, or you can pay just the interest payment of $30 and extend the loan to your next payday, or you can pay the $30 along with a $50 payment, so $80 total. Then your next payment will be the balance of $50 plus $15 interest. A lot of online payday companies automatically take the interest payment and renew your loan unless you let them know three business days ahead of time that you want to make an incremental payment of $50 or if you want to pay the loan off in full. You know if you take out a payday loan, then a payment is due on your next payday. I know they charge a lot of interest, way too much interest!!! But, that's the way a payday loan works and if you take out the loan, you pay the price.


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Sub: #8 Sferrazzas indictedTue, 01/19/2010 - 10:02



Quote:
Originally Posted by mooreba79
I had an account open with these guys starting in June 2007 for a $250 loan. They took $150 out of my account every month until today (so they have been paid $1500!). I sent them a C & D letter and they responded:
Ms. ######,
In response to your letter, regarding your loan with SDS Processing, we will no longer debit fees from your account. We will not be refunding any fees to you. We have forgiven the $250.00 loan that you have not paid. If you did not agree with the terms of the loan, you should have not taken the loan. When the loan was processed the terms of the loan, including the fee amount was explained to you by a representative of our company. In addition you received the terms in writing when upon completion of the loan processing. Again, you have not paid the $250.00 loan and no fees will be refunded to you.
Sincerely,
SDS Processing
Am I entitled to a refund? I have filled out a complaint with my NC Attorney General with a copy of the letter I sent and a copy of their reply and sending it out today.


The Sferrazzas were indicted in Cincinnati, OH for mortgage fraud last week (1/14/09). The U.S. Attorney's office asks that anyone who feels they were defrauded by the Sferrazzas to come forward. SDS Processing is one of the companies named in the indictment, so it sounds like you definitely have a stake in this. See this link to the news story, you can read the article and watch the video: http://www.wlwt.co m/money/22235532/detail.html


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Sub: #9 It was real info, but none as usual from you. I do hope that admMon, 06/29/2009 - 06:26



It was real info, but none as usual from you. I do hope that admin is still monitoring your posts


paulmergel
paulmergel


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Sub: #10 replyMon, 06/29/2009 - 06:06



this entire thread except for that post was real info.don't come on here to muddy the waters guest.

giving hope to the hopeless,help to the helpless,and hap to the hapless.


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