Question about Loan Companies.....

daleswife

DIS Veteran
Joined
Jun 14, 2008
Messages
1,315
My truck was financed through one company and that company sold it to a different company. I made my regular payment to the first company for the month of November. it is NOT automatically taken from my account. Nothing I have is. Well a few days after that first payment came out, the second company takes out the payment again. Only this time its with out my knowledge. My question is, why do the companies take the money from an account with out prior approval? I hadn't talked to anyone at this company ever. I received two letters from them, one stating that they bought my loan and the other was my bill. When I talked to the lady at the new company she said the account was NOT set up for auto debit. So how is it legal that they can just take money out of someones account with out consent????
 

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