In November Sallie Mae agreed on a $50 a month payment plan on a small private loan as long as I signed up for auto debit. On 12/27 they took out a payment of $530 & sent me an email on 12/28 to notify me of the change!
Is this legal? I highly doubt it.
How can a company take out more than you give them permission to and let you know after the fact?
Of course this is all on a weekend and I have to hope my bank will reverse the ACH and Sallie Mae will agree to it. I am not too hopeful though as I read a lot of people experiencing the same problem with no luck.
Review about: Sallie Mae Loan.