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mjm43566
Joined: 06 Mar 2008
Posts: 16
Debtcc Points: 951
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 Posted: Thu Mar 06, 2008 9:35 am
Latest Blog Post : http://frogpatch.yesdebtfree.org |
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You need to close that account now! Then you can deal with them on your terms. Get a live paycheck until you can open a new account!
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frogpatch
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Joined: 09 Apr 2007
Posts: 3439
Debtcc Points: 30193
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Posted: Thu Mar 06, 2008 9:40 am
Latest Blog Post : http://frogpatch.yesdebtfree.org |
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According to your state laws you do not owe on several of these!
Ohio State Information
Legal Status: Legal (Applies to check cashers only)
Citation:
Ohio Rev. Code Ann. ยงยง 1315.35 et seq.
Loan Terms:
Maximum Loan Amount: $800
Loan Term: Max: 6 months
Maximum Finance Rate and Fees: $10/$100 + 5% per month
Finance Charge for 14-day $100 loan: $15
APR for 14-day $100 loan: 390%
Debt Limits:
Maximum Number of Outstanding Loans at One Time: One
Rollovers Permitted: None (cannot refinance)
Cooling-off Period:
Repayment Plan:
Collection Limits:
Collection Fees: Bank charges (if disclosed); $20 collection charge; Court Costs; damages
Criminal Action: Not Specified
Where to Complain, Get Information:
Regulator: Ohio Division of Financial Institutions
Address: 77 South High Street, 21st Floor Columbus OH 43215
Phone: (614) 728-8400
Fax:
Regulatory Contact: Robert M. Grieser,, Deputy Superintendent for Consumer Finance
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frogpatch
Moderator
Joined: 09 Apr 2007
Posts: 3439
Debtcc Points: 30193
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Shazzers
Moderator
Joined: 05 Dec 2007
Posts: 2593
Debtcc Points: 18803
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Shazzers
Moderator
Joined: 05 Dec 2007
Posts: 2593
Debtcc Points: 18803
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Posted: Thu Mar 06, 2008 9:45 am
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Make sure that you read through the thread in regards to closing your account. This has alot of useful information in it: let me go find it for you:http://www.debtconsolidationcare.com/paydayloan/close-account.html . Good luck 
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ladybug
Joined: 29 May 2007
Posts: 2312
Debtcc Points: 22468
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Posted: Thu Mar 06, 2008 10:09 am
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I did go yesterday to the bank to get my account closed. They said that they would do that, however; that once the ACH's came through it would open it again. I asked if there was something I could do as I am working to get these companies to not be taking out of my account. They finally put my account to credits only but said that was only for 10 days. After 10 days they could start taking money out again. I do not know what to do.
Also I see that in Ohio they can not do rollovers. Does this mean that I have rights to some of the money back that I have given to companies such as the loan shop? I am confused about the laws and actually what rights I have. I am not looking forward to the phone calls that I know are going to start. Especially at work since I have moved to a new department.
I am very scared and I have been making my self sick over this. I know I got myself into it and I am trying to get out of what I put myself into but I believe that are quite a few of these companies I have paid way way to much with it not going toward the principle.
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mjm43566
Joined: 06 Mar 2008
Posts: 16
Debtcc Points: 951
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Posted: Thu Mar 06, 2008 10:16 am
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I would tell your bank that you have lost your checkbook and that you have some identity theft. Get that account frozen for good....open another account at another bank soon if you can...that's just another suggestion. I know that getting a full paycheck is worth this fight...
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purplegirl69
Joined: 26 Feb 2008
Posts: 250
Debtcc Points: 3469
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Posted: Thu Mar 06, 2008 10:25 am
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I did tell them it was fraud and they could still only do 10 days. I have opened another account with another bank and that is where my check is going to be deposited. I am just worried that they will be able to re-open the other one and make me pay the overdraft charges again. I have already had over $1000 in the fees not to mention the ones I am paying to the pdls.
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mjm43566
Joined: 06 Mar 2008
Posts: 16
Debtcc Points: 951
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Posted: Thu Mar 06, 2008 10:37 am
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Hi mj, please relax. I am in Ohio and I have been in your shoes. I had 10 pdl's when I found this site. What bank are you dealing with? I am glad that you opened another account. You need to go to your previous bank and request them to put a hard hold on the account so nothing can come in or out. They may tell you they can't but they can. Ask to speak to a manager if you aren't getting the answers you want. Everything is going to be fine. Don't make yourself sick over this stuff anymore because it is going to get better.
_________________
He is your friend, your partner, your defender, your dog. You are his life, his love, his leader. He will be yours, faithful and true, to the last beat of his heart.
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Sassnlucy
Moderator
Joined: 12 Mar 2007
Posts: 2588
Debtcc Points: 28218
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Posted: Thu Mar 06, 2008 10:38 am
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you might want to go to your bank and ask for a supervisor.....tell them you have fraud and need the account to not ever be re-open to cause any more fees to occur...I would also call their customer service line and speak to someone in fraud....
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purplegirl69
Joined: 26 Feb 2008
Posts: 250
Debtcc Points: 3469
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Posted: Thu Mar 06, 2008 10:45 am
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I have spoken to the manager at the charter one bank and they had no clue what to do. They called customer service and they are the ones that said they would mark it credits only for 10 days. It was in the fraud department. I forgot to mention that the customer service said that in order for me to put it into permanant credit only I would have to have a case number from an attorney. If I can't afford to pay all these fees right now how can I afford an attorney. Any suggestions?
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mjm43566
Joined: 06 Mar 2008
Posts: 16
Debtcc Points: 951
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Posted: Thu Mar 06, 2008 10:49 am
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mjm, None of your pdls are licensed in Ohio. Which is good for you. THis means you are only obligated to pay back what you borrowed. They ones you overpaid, you can request a refund...not saying you will get one...but it never hurts to ask for one.
_________________
In life it doesn't matter
how hard you hit, it matters
how hard you get hit
and keep moving forward.
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RoxyNY
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Joined: 03 Aug 2007
Posts: 3903
Debtcc Points: 11752
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Posted: Thu Mar 06, 2008 10:50 am
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Mjm, is this a bank or credit union?
_________________
In life it doesn't matter
how hard you hit, it matters
how hard you get hit
and keep moving forward.
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RoxyNY
Moderator
Joined: 03 Aug 2007
Posts: 3903
Debtcc Points: 11752
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Posted: Thu Mar 06, 2008 10:52 am
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How do I go about asking for a refund? Also what if they say it is governed by the state they are located in?
To make sure I understand this correctly you mean that if I took a loan out for $300 I only needed to pay that much and not all these other fees that I have been paying? I just want to make sure I understand. Should I contact the AG in Ohio for help?
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mjm43566
Joined: 06 Mar 2008
Posts: 16
Debtcc Points: 951
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