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Posted: Wed Mar 21, 2007 3:11 pm Subject: I borrowed 425.00 from PayDayYes

I borrowed 425.00 from these people and to date they have taken 997.50 from my account. My bank tells me they can not stop them from taking the money because they could change their name and take it again. I have called them and told them they are not to debit any more money from my account but they keep on doing it. How can I stop it and get my money back?

Posted: Wed Mar 21, 2007 3:14 pm Subject:

Hello! First off, what state are you in? This will help so that I can help you look up your state laws before I give you any additional advice....2nd-this is an internet loan correct? Let me know and either myself or one of the other members will be glad to assist you

Posted: Wed Mar 21, 2007 3:29 pm Subject:

Your bank should be able to stop the company from further debiting in your account. All loan places have a transaction code with the bank through which the debits are done. Tell them to block the company with their id. This should stop the company withdrawing from your account.

Posted: Wed Mar 21, 2007 5:12 pm Subject:

A lot of these PDL's have various DBA's -that is how GFSIL got around my block on my accoung resulting in over a grand of fees

Posted: Sun Mar 25, 2007 8:00 pm Subject: I borrowed 425.00 from PayDayYes

I live in WV and yes this was an internet loan.

Posted: Sun Mar 25, 2007 8:14 pm Subject:

lmleach - one of our members, Kyside, is a resident of WVA and has posted quite a bit of information here about payday loans there. From what I remember, payday loans are now illegal there - regardless of whether they are internet or storefront.

I hope you don't mind, I'm going to pm Kyside and refer her to this thread. I'm sure she'll be happy to post some useful information to help you out. Keep an eye on this thread for more info.

Posted: Mon Mar 26, 2007 3:56 am Subject:

WV does not elaborate much, however they do prohibit payday lending.

Posted: Mon Mar 26, 2007 3:59 am Subject:

PaydayYes
501 Silverside Rd Ste 125
Wilmington, DE 19809
888-468-0509

You can request a refund and the account be marked paid in full. Make sure you get a PIF letter, that is the most important.

Send them a certified letter stating your state law and demand that they quit debiting your account. You should also report them to the West Virginia attorney generals office, make them aware that you are reporting them. You can find a sample letter on my blog at http://thehub.yesdebtfree.org
goodluck

Posted: Mon Mar 26, 2007 11:51 am Subject: loans

IM, Hello I am from WV. Please PM me with your problem. Payday Loans are ILLEGAL in this state and you will definately be able to get help. I need to know a couple of things and I can get you pointed in the right direction. KYSIDE38

Posted: Thu Mar 29, 2007 5:29 pm Subject: I borrowed 425.00 from payday yes

Just wanted to let you know I called them yesterday requesting my loan number ( I have never received any paper work from them at all) and fax number. The guy I was talking to wanted to know why I wanted this info, after he gave it to me I told him about my previous request to revoke their taking money from my checking account and that they drafted three times after that. Also, told him I was going to file a complaint with the WV Attorney Generals office. He immediately told me my loan was now paid in full and they would take no more money from my account. I also sent them a letter telling them I wanted a refund and one revoking their right to draft any money from my account. Also, sent complaint to Attorney Generals office.

Guest · Posted: Fri Mar 30, 2007 10:16 am Subject:

Good for you - make sure you receive all monies owed back to you.

These companies prey on people who know no better and keep taking their chances at scamming people out of more money than they really owe - it's sick.

Tom777

I am a California resident. Since they could not reach me they decided to run a hard copy of my credit report and turned down the loan. I have an active checking account. I just found out today and applied for the loan last month. I have checked every page on their web site and printed it and no where is it stated I gave them permission to run my credit report. I used this service (Payday Loans) because they normally do not run credit reports and I got a letter today from my Credit Card that my FICO was lowered. What law do I use Federal under FCRA or CA State Law to apply fine. Who do I send demand letter to and what company do I use to process serve? Please help!

Guest · Posted: Thu Nov 29, 2007 11:48 am Subject:

They are doing this to me as well, I can't get them to stop taking money from my bank.
How did you get Paydayyes to stop?

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