loan spotter strikes again!! WARNING>

DCFC79

Sean1233 wrote: »

on a final point

Loanspotter staff!!

Get a proper job you bunch of crooks

It is a job to them, they might not like it but its still a job.

Future ref dont ever give your card details out on the promise of a loan.

Doesnt mean I agree with what the company does though.

EdgeofReason

The bank should be able to ensure payments to any party are stopped - especially on a card payment. If they're using a CPA to get the finds contacting a bank to stop this should suffice.
If you have made an agreement with them you will be bound by any terms and conditions you agreed to at the time of that agreement re cancellation (terms added afterwards - e.g. a deal done over the phone and then referred to a webpage at some later stage shouldn't be binding as they weren't part of the deal).

If your bank can't guarantee that payments will be stopped, move your bank account.

EdgeofReason

DCFC79 wrote: »

Doesnt mean I agree with what the company does though.

You could say the same about a henchman working in organised crime.

Just because its a job doesn't mean what they do is legal - they're often the ones carrying out the fraudulent activity; the owners may be responsible for it, but someone has to do the dirty work of calling people, talking them into providing details, taking their money and then running interference to ensure that refunds never materialise.

CHR15

It could be considered criminal that people dish out direct access into their bank accounts to random cold callers. is it any wonder the banks are reluctant to help?

Some people simply can't help it, that federal reserve tax refund the African Prince is holding for me might just be genuine you know!

EdgeofReason

You hand out access to your bank account whenever you use a card to make a transaction - if someone decides to keep a record of the details and misuse them.

clarryd

Watchdog would be a good place to start. They are at present looking for companies that are fraudulently taking cash without the account holders permission.

If enough people contact them they will take this case up on your behalf.

Just a thought.

This company could be on Rough's Gallery.

Just googleBBC1 Watchdog and it will tell you how to make a complaint.

Apples2

EdgeofReason wrote: »

You hand out access to your bank account whenever you use a card to make a transaction .

Which is exactly why it is so remarkable people feel scammed when that transaction takes place. As you rightly say, you give those details out to pay for something.

PeacefulWaters

These crappy companies wouldn't exist if so many people weren't so stupid with their card details.

GET A GRIP!

EdgeofReason

Apples2 wrote: »

Which is exactly why it is so remarkable people feel scammed when that transaction takes place. As you rightly say, you give those details out to pay for something.

You generally give your details out to pay for something - when people then use those card details to take money for something other than what you agreed to pay for, that's fraud.

I believe the most common form this takes is skimming - where card details are copied from a legitimate transaction and then used for subsequent fraudulent transactions.

In using your card you are giving the details; so as soon as you use a card you're leaving yourself open, the security of the system as a whole is flawed, but convenience and the interchange fees the banking system makes from card transactions mean it will persist; hopefully with more controls in the future.