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Posted: Sun Jul 22, 2007 10:12 am Subject: Sample Letter forms to start with

Brief overview: my wife had taken out multiple loans with various "pay day" loan companies in Arizona from (as far as I can gather) December to March. We've been able to pay off all but 3 in the last couple months. One of the most demanding of them is sending EFT withdrawal requests to our account twice a day, every other day, under Geneva Roth Ventures or a slightly different name (costing us $30 NSF fees each occurance). (This isn't the only one, there is another company that does roughly the same thing about the same time). Lately, since our account (our sole account) is in the negative, we're averaging $120/day in bank charges - we've got ten days from pay-day, still. We've contacted the companies in question twice (each) in the last week since we last got paid and they won't stop debiting our account.

My question is, after looking through the various Sample Letters on this site, where do I start with them? I'm not sure which letter I want to start with or even where to start with them. I'd like to be able to pay rent on the first and not have the entirety of my rent money go to bank fees instead.

Jonathan.

Posted: Sun Jul 22, 2007 1:43 pm Subject:

igrotter,

you have come to the right place for help and insight. Just sit tight and someone will answer all your questions and point you in the right direction. There are thousands here who have gone through what you are doing and some with that same company. They are seeing there way through, just hang on and and some one will be here soon.

thanks

Posted: Sun Jul 22, 2007 4:12 pm Subject:

Welcome to the Community Very Happy

You and your wife are not alone, amny of us have done the same thing, and have become debt educated in knowing how to not repeat those things. here is a link for pay day loan laws, state by state at http://www.paydayloaninfo.org/states.cfm just click on your state to find out if they are even legal in your state, and if you have paid the principal and the stats interest. If they are store front companies, most go by the state laws, but check your state to find out more. I would try to talk with a bank officer to find out what you can do to stop these debtis and get your account back in th positive. Feel free to ask questions, and keep us posted..KAren

Posted: Sun Jul 22, 2007 8:20 pm Subject:

Open a new account with a different bank. A new one at your current bank, and the creditors can find out and try it all over again. Don't tell them any banking info. You don't have to, regardless of what they might tell you. Inform your current bank that these were not authorized. Under Federal law, the bank must investigate within 45 days of your complaint. Many banks don't (wanting the charges). However, if they don't, you can sue that bank.