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:
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.
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.