Complaint Review: DMS Loan Shop LSO

Last week I applied for a payday advance online on a website that searches for lenders. On Saturday June 14th, 2008, I checked my online bank account to find a $260 withdrawal from a company titled Loan Shop. It had a number listed with it so I called it. I spoke to a lady named Mrs. Lowes. She said that the withdrawal is for two previous loans taken by me in 2006 amounting to $1400. I have never received a loan for that amount and was baffled by her statement. She then stated to me "Don't you know how to balance your checking account?" which made me even more mad. I told her that any loan that I got in the past was paid. I did recall having to close another checking account because of the same reason in the past. I told her that I didn't authorized this withdrawal and that she must have gotten my new bank information through this new application online. Later on that day, I called my bank to tell them that there is a fraudulent withdrawal from a company that I don't know. The bank had me fill out a dispute form and suggested that I close my account (which I did). Now the same company is harassing me with phone calls on my home phone and work phone. A woman called Christina from LSO (Loan Shop) called me at 8:30am this morning saying that if I don't return her call within 24 hours they will start an investigation. I called her back and told her that any loan I took out in the past was paid in full. She said that it wasn't and was very threatening and rude. I hung up on her. Another person called Mr. Chin from the same company called me right after. I called him back and he said the same thing she did. I asked him to send me proof of what they have, and he didn't respond. He is now threatening to call my employer to garnish my check. I have never heard of this company before now. I don't owe them anything. I am now attempting to file a complaint with the Attorney General about this. But is there any other type of action that I can do at this point? I don't want them to call my employer. I have found numerous other complaints online against this same company on several websites. There must be some way to stop them from doing this to people.

Dionne
Morrisville, North Carolina
U.S.A.

EDitor's Suggestions on how to get your money back!

HERE IS WHAT RIP-OFF REPORT SUGGESTS YOU DO:

Go to your bank within 60 days of the charge, or as soon as you know about the charge, don't delay, and tell them that there has been fraudulent activity within your account. Explain that you wish to file a dispute, and demand that they assist you in accordance with Federal Regulation E.

According to the majority of victims interviewed by Rip-off Report, those who immediately called their banks to dispute the charges did not get very far. Many victims got the following responses from their banks: we could not do anything for you or you waited too long; it has been more than 60 days.

If the bank is says that you have waited too long, explain to them how you called their 800 number as soon as the charges were found, and were told by the bank that nothing could be done. Remind the bank that they failed to assist you properly at the 800 #, and instead, provided you with an inadequate explanation of your right to dispute. Tell the bank that it's their fault time has expired, and since they gave you the wrong info to begin with, they will just have to deal with it, take the loss and reverse the charges.

Tell them the truth; this was unauthorized and your account was NOT to be charged! Keep emphasizing how you never authorized anything! Direct them to the hundreds of victims reports that were filed on Rip-off Report.com. And if you're at the bank, walk them over to their computer and make them go to this site! If you are on the phone with them, tell them you will wait while they access this site! Either way, be persistent!

DO NOT TAKE NO FOR AN ANSWER!

Let them know nicely, that you were advised to Report them (the Bank) and this situation to the Banking Commission in your state. Since each state has a different name for the agency/controller over banks, find that name before you call or get to the bank so you can throw it in their face. The more knowledgeable you appear to be, the further you will get.

And just continue to demand the Federal Regulation E form! The bank CAN, MUST and WILL reverse the charge! But, you must be persistent; ask to speak to the supervisor or the area manager for all the branches in the state.

Let the bank personnel know you are meeting with the media later in the day, that you would much rather they do the right thing (as most other banks have) by looking at the complaints and immediately reversing the charge(s) to your account; no matter how long ago it was. Be sure to call the Media if necessary so you are telling the truth.

If you have to, be loud (but nice) in front of other customers. If you are just calling by phone, the above tactics should still work. The bank can easily fax or mail to you the Federal Regulation E dispute form.

CHARGES TO YOUR CREDIT CARD

If the charge was to your credit card (not debit card, check card, or checking account), contact the credit card company as soon as possible to request a dispute form. Consumers usually have a little longer to dispute fraudulent credit card charges (up to 6 months), but it is better to act right away. In this type of situation, credit card disputes are usually successful since fraudulent companies often won't contest the disputed charge. In rare cases, credit card companies will review disputes, but refuse to reverse the charges. If this occurs, complain to a manager and let them know you will be filing a report here.

Remember Don't let them get away with it! Make sure they make the Rip-off Report .. The more Reports filed on a Company or individual, the more likely it is that the authorities, media and attorneys will want to take action.

And good luck Let us know how you do!

ED Magedson Founder, Rip-off Report.com & Author of www.ripoffrevenge.com
EDitor@RipoffReport.com
badbusinessbureau.com
www.ripoffreport.com

Don't let them get away with it.
Make sure they make the Rip-off Report!

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CLICK HERE to read about Credit Card Scams... find out how to get your money back. *Rip-off Report Investigation provides valuable information.