Unauthorized Fee

I called this company "Yes Loans" to inquire about their student loans. They asked for my bank account information saying that I will be charged an administration fee if I choose their services. I gave them my banking info. The next day I received an application form which I was supposed to sign to authorize them to take the administration fee from my banking account.

I put the application form away as I had plenty of time before I needed the loan. A week later I received another letter from Yes Loans congratulating me in getting the loan. The letter also stated that the fee was deducted from my account! I contacted my bank and they confirmed this.

It's outrageous. I hope nothing like this will happen to everyone who reads this.