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I reside in California and took out a loan of 700 from a company called Qloot.They have been taking out 200 every two weeks and they have already took out 900 from my account and they told me that I have to pay them 600 more if I would like to pay it off, otherwise they will continue to take out 200 every other week , I pregnant and on disability now and I can't afford 300 anoymore every other week and don't have the funds the way an extra 600 on top of 900 they have already taken out for 700 loan . Please advoce me a way to get rid of this hard situation.
Way to get rid of this hard situation
Welcome to the forums!!!
Qloot is an illegal lender. You are required to pay them only the principal balance. No interest, no fees. Ask them for the refund as you have overpaid them. Close down your bank account immediately.