Legal Question in Consumer Law in Virginia

Overcharge of loan payment

I am not aware that they have any policy

on this matter. I am paying monthly on

a consolidated loan to a company

around $497.00/ month. My payments

are due at the end of each month. A few

days ago I authorized July�s payment

online in the amount of $497.00 which

was the ammount due. Today when the

payment posted to my account it was

twice that ammount. (It had included

both July and August). My August

payment is not due till the 24th and I

did not authorize a $1004.00 payment.

I am asking for them to re-imbnurse

me the over chage, for I did not choose

to pre-pay for August. They are saying

it may be my fault and that they can

not. How can this be when it had to be a

processing error for I can�t afford that

ammount and I did not authorize that.


Asked on 8/15/06, 2:48 pm

1 Answer from Attorneys
Michael Hendrickson Law Office Michael E. Hendrickson

Re: Overcharge of loan payment

It would appear that this matter is nearly moot as the 24th of August, your apparent due date

for this month's payment, is just around the corner.

If I were you, I would instead concentrate my efforts on getting this company to get the withdrawal amounts correct in the future.

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Answered on 8/16/06, 12:07 pm


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