Payday Loan help

Getting the ACH processor involved

Message

Author

Posted: Mon May 12, 2008 11:27 am Post subject:

Skymerle, I have already been sending Josh the email. No responses. I did get a response to day from edollars customer service and this is what they said. "READ THE LOAN DOCUMENTS THAT YOU SIGNED" I created another thread because I wanted to see if anyone had any suggestions to reply back with. If I replied right now I would get myself in trouble. I am tired and cranky! Question you had said when the collection agency calls to request a refund. How can they help? I thought I could only request it to edollarsdirect. Did I read it wrong? I have not gotten any calls from a collection agency. Edollarsdirect and a few of the other ones I overpaid said they sent me to collections but still no calls.

mandywebb372

Joined: 04 May 2008
Posts: 141

Debtcc Points: 1698

Posted: Mon May 12, 2008 5:17 pm Post subject:

Mandy, I said to ask the ca for your refund as a way to get the upper hand. I still think a lot of the pdl & ca are connected..like in same room making their little illegal loans, then calling people saying nasty things. I'm going to say to them over & over & over & over 'when can I expect my refund'...until they hang up on me. Eddie with edollarsdirects (or whomever he is with) said the same thing to me..'read my contract; pay attention to pg 4 that says their state laws govern'. Yeah, yeah..there is no page 4. I emailed him back telling him the contract was a work of fiction.

skymerle

Joined: 21 Apr 2008
Posts: 45

Debtcc Points: 585

Posted: Mon May 12, 2008 7:22 pm Post subject:

I will continue to send my emails to edollarsdirect and when/if the collection agency that they say they sent me to contacts me I will tell them I want a refund for the illegal loan. I guess it is worth the try.

mandywebb372

Joined: 04 May 2008
Posts: 141

Debtcc Points: 1698

Posted: Thu May 15, 2008 7:50 am Post subject:

This is all fine and well, guys. But for those of us who have only storefront pdls - and have paid in cash by the due date - how will we find out the ACH information? None of them have ever debited my account. Certainly I can't call the pdls and ask for the information, but I also do not wish to wait for them to try and debit me - overdraft fees can't be the answer. Any ideas? Would a letter of revocation for EFT suffice? Do licensed storefronts respectthese letters? Especially worried now that the new law has passed the senate (I am in Ohio). I am working with T&C, and have - for now - stopped payment on the checks (they're not in default yet), but I know they will ACH me next, and closing my checking account is not a possibility right now due to other outstanding checks...

asmostov
Guest

Debtcc Points: 100

Posted: Thu May 15, 2008 7:45 pm Post subject:

I've got a possible connection to the processor for ImpactCashUSA. I went to the BBB site and it provides an address of impactpayments.com, and ach processor. I remember that from some payments, and emails which I recieved while doing a payoff months ago. Any thoughts or experiences? I suppose if they are intertwined, the processor isn't going to be very cooperative, are they????

jrperry_msu

Joined: 07 May 2008
Posts: 42

Debtcc Points: 513

Posted: Tue May 27, 2008 11:39 am Post subject:

Im getting nowhere with Cindy from intercept. She has sent 2 emails and both said i have to go to my bank and sign an avidavit under perjury to stop. I have closed that account. I have sent the C& d and ach revocation letter. Any suggestions? _________________ Register today to encash debtcc points.

Guest

Debtcc Points: 100

Posted: Tue May 27, 2008 12:28 pm Post subject:

Guest: The processor is not the one that revokes the ACH authorization, but the pdl will think twice about not complying with your wishes to revoke authorization if they know that the proceesor is aware of things. The processor has been able to help me by forwarding on a copy of the C/D and Revoke letters that I sent to the PDL to their contact at the pdl. You have to revoke with the PDL, and/or your bank prior to dealing with the processor. The processor is more of a second step, especially if the pdl starts to debit your account against your wishes.

jrperry_msu

Joined: 07 May 2008
Posts: 42

Debtcc Points: 513

Posted: Tue May 27, 2008 5:08 pm Post subject:

I have revoked with the pdls's with eamil, fax,and hard copy. aI closed my acoount with the bank and have gotten a new one at a different bank. I cc'd the processors on the c&d letters as well as the bbb,ny att general.ftc. I think that I am covered. I am correct in that?

Guest

Debtcc Points: 100

Posted: Tue May 27, 2008 8:04 pm Post subject:

Guest: That sounds like what I did in getting 2 PIF's. It seems from reading on here that people have had varying levels of success, but it looks like you have your bases covered. The companies never did respond in writing to my requests, but when I went to the websites they both said my accounts had been paid in full, and actually encouraged me to apply for another loan... haha. Check their websites to see what they say!

jrperry_msu

Joined: 07 May 2008
Posts: 42

Debtcc Points: 513

Posted: Sun Jun 01, 2008 11:30 am Post subject:

Is it necessary to contact the PDL and tell them you want to revoke authorization, or just go directly to the ACH folks? _________________ Register today to encash debtcc points.

Guest
Guest

Debtcc Points: 100

Posted: Sun Jun 01, 2008 1:39 pm Post subject:

Go directly to the ACH processor first, I would think. Make damn certain your money is secure before you tell the PDL that you're cutting them off. Otherwise, they're likely to clean out your account. _________________ - The four 'no's of dealing with collectors: No validation? No payment. No way! No kidding!! Economic Stimulus information from the Infernal Revenue Sadists Tellin' you all the zomby troof Here I'm is, the zomby woof [Frank Zappa, 1988 - R.I.P.]

unclewulf
Moderator

Joined: 27 Nov 2007
Posts: 2139

Debtcc Points: 17960

Posted: Sun Jun 01, 2008 3:13 pm Post subject:

Actually wulf, the guest should revoke authorization first (after the account is protected), then contact the processors and let them know that you have revoked the pdl's rights to debit your account any further, but they refuse to follow the law!

Quote:

Regarding the EFTA and Universal Debit Agreements..

§ 907. Preauthorized transfers

(a) A preauthorized electronic fund transfer from a consumer's account may be authorized by the consumer only in writing, and a copy of such authorization shall be provided to the consumer when made. A consumer may stop payment of a preauthorized electronic fund transfer by notifying the financial institution orally or in writing at any time up to three business days preceding the scheduled date of such transfer. The financial institution may require written confirmation to be provided to it within fourteen days of an oral notification if, when the oral notification is made, the consumer is advised of such requirement and the address to which such confirmation should be sent.
(b) In the case of preauthorized transfers from a consumer's account to the same person which may vary in amount, the financial institution or designated payee shall, prior to each transfer, provide reasonable advance notice to the consumer, in accordance with regulations of the Board, of the amount to be transferred and the scheduled date of the transfer.

_________________
Online Complaints Ohio Attorney General
Online complaints: Federal Trade Commission.
Ohio Payday Loan Laws
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Shazzers
Moderator

Joined: 05 Dec 2007
Posts: 4298

Debtcc Points: 27343

Posted: Sun Jun 01, 2008 3:13 pm Post subject:

_________________ Online Complaints Ohio Attorney General Online complaints: Federal Trade Commission. Ohio Payday Loan Laws Ohio Consumer Protection Law

Shazzers
Moderator

Joined: 05 Dec 2007
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Debtcc Points: 27343

Posted: Sun Jun 01, 2008 3:38 pm Post subject:

Live and learn, I suppose...... _________________ - The four 'no's of dealing with collectors: No validation? No payment. No way! No kidding!! Economic Stimulus information from the Infernal Revenue Sadists Tellin' you all the zomby troof Here I'm is, the zomby woof [Frank Zappa, 1988 - R.I.P.]

unclewulf
Moderator

Joined: 27 Nov 2007
Posts: 2139

Debtcc Points: 17960

Posted: Mon Jun 02, 2008 2:08 pm Post subject:

Just got a settlement from Upfront Cash also!!! They even gave me a physical address to send money orders!! 5 down, 4 to go!!! I'm so pumped!

jrperry_msu

Joined: 07 May 2008
Posts: 42

Debtcc Points: 513

Posted: Fri Jun 06, 2008 8:19 am Post subject: site

The question of the week and other items covers part of every page I go to on here and makes it difficult to read and to reply. How do I get rid of this or move it over? Thank you