Yellowdale and Beacon have been in my account

Submitted by Anonymous (not verified) on Tue, 08/27/2013 - 11:43
Forums
Credit repair

I live in Indiana and am having the same problem with 500FastCash, Beacon and Yellowdale.com...what should i do i only borrowed 200 from each at seperate times a while ago and still paying on them yellowdale and beacon have been in my account since mid May.

Anonymous12 (not verified)

Both Yellowdale and Beacon are illegal lenders. You are required to pay them the borrowed amount only, no interest….no fees. Simply close down your old bank account to stop them from debiting money from your account. Usually illegal lenders can’t report to the credit bureaus. If they do the same, then dispute it with the credit bureaus asap.

Wed, 08/28/2013 - 04:11 Permalink
soaplady

Ignore the anonymous post. If you simply close your bank account without doing an ach revocation, the ach will reopen the account and cause you overdraft charges

FYI....anyone CAN report the the credit bureaus if they pay the fee.

Thu, 08/29/2013 - 10:15 Permalink
matzcrorkz (not verified)

QOG6Ql Very informative article post.Really thank you! Awesome.

Tue, 08/05/2014 - 03:21 Permalink