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 Posted: Mon Sep 08, 2008 6:55 pm Subject: PDL - Debit Account after Revocation of ACH |
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Hi - Is it legal for a PDL to debit your account once you have sent them a certified letter revoking that right? I am in Texas by the way. Thanks.
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texaslady
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| Posted: Mon Sep 08, 2008 8:05 pm Subject: |
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Sending an ACH revocation letter unfortunately isn't going to stop them. You need to either put hard debit block on your account, close it, or work out with your bank to block the PDL completely. However, that doesn't always work either since they sometimes run the amounts through as checks.
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julie_1972
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| Posted: Thu Sep 18, 2008 10:53 pm Subject: Block Pdls from debiting bank account |
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I closed my bank account on Sept 1st - My 8 pdls attempted to debit interest/fees - I got a card in the mail from my bank stating check#/debit#, Amount$/Action taken and Fee charged. There is a check # which I do not recognize - there is an amount of money - the action taken "Returned" and Fee Charged "Waived".
I just got another card today date of notice 9/15/2008, check#, amount $400, Action taken "Returned" and Fee charged "Waived".
So, does this look like I am safe from any debits from any of the 8 pdls?
Should I still send each pdl a Revocation to debit from my bank account/accounts?
thanks
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John A
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| Posted: Fri Sep 19, 2008 5:20 am Subject: |
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I would still send the revocation letter.
Some will abide by it and some won't.
In my case in the past 2 weeks, I had 2 PDL's still try to take their money by debit and then they tried to run checks through. I noticed it because the check number wasn't correct and I knew I hadn't written any checks for that amount. They also tried to take a lot more than I would have ever owed them. I called my credit union and they returned the check. In order to save myself any further grief, I closed the account.
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kak213
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| Posted: Sat Sep 20, 2008 9:19 am Subject: Revocation Letter |
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Thankyou - Is there a sample letter somewhere for this revocation letter? I didn't see one on the self help page. I have only been able to get the mailing address to one of the 8 pdls - I have asked the others at least twice for their mailing address and they will not give it to me. Will the revocation letter be valid sent via email?
I was thinking - maybe if I google their toll free number and their company name I might get a mailing address.
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John A
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| Posted: Sun Sep 21, 2008 6:14 pm Subject: |
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If you use the search it should bring up sample letters for you.
If you can't find addresses, send your letter by fax.
I faxed all of mine since most of them at least have a fax number listed. You can also email them.
Send the letter both ways to insure they got it.
This way too, you have your fax receipt that they got it.
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| Posted: Sun Sep 21, 2008 9:46 pm Subject: |
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You can use the following letter: -
| Quote: | Date:
Name Of PDL
Your Name
City, State
Account #
After doing research regarding Internet payday loan laws in the State of _______, I have found that your Internet payday loans are actually illegal. I have also found the following laws to be true applying to payday loans in the State of _____ in general:
Your State Information
I hereby revoke any and all ACH authorizations with your company from debiting any of my personal accounts, per Federal law, Regulation E Section 205.10 Preauthorized transfers. I have closed my account with the XXXXXX to protect my interest in this matter, per instructions from The _____ Department of Finance. I also revoke any and all wage assignments I may or may not have signed with your company, I no longer authorize you, your company, or your affiliates to attach any part of my wages or contact my employer for your collection purposes. I have notified my employer about this matter so any attempts to do so on your part will be rejected.
I demand that any contact be made through US Postal mail or email only. I will need everything in writing to keep accurate records of all communication as per instruction from my Attorney General's Office.
I prohibit you or your affiliates to contact me via telephone at my place of employment or my home
telephone number. I also prohibit you from calling my references listed on my loan.
Due to the fact that Internet payday loans must be licensed in the state of ____ to be a legal and binding contract, your company should NOT issue loans to ____ residents at all. I am requesting that you send me your license number which enables you to offer loans to ____ residents.
The legal amount that could have been charged to my loan is the principal amount, even IF your Internet pay day loan were legal anywhere in the U.S.. I am willing to pay the principle amount of the loan only, however, this is only if you provide me with a physical address where I can send payments.
I must also inform you that I will be filing complaints with the Better Business Bureau, the Federal Trade Commission, and the ____ Attorney General's Office.
I expect a response from your company no later than 5 days from the above date regarding this matter. This response may only come via US Postal mail or email. No telephone contact is permitted.
Sincerely,
Your Name
CC:
Better Business Bureau
Ohio Attorney General
Federal Trade Commission |
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phoenix
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Shazzers
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| Posted: Mon Sep 22, 2008 9:08 am Subject: Looking for mailing addresses & fax numbers for pdls |
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These are the pdls that I have and thanks to all for your great help - John A
The 8 PDLs are :
PaydayLoan-Yes Loan $350 paid $820
Paycheck Loan $200 paid $445
Cash Advance / CAN Loan $200 paid $445.
ameriloan Loan $300 paid $360
UCL Loan $300 paid $270
National Cash Loan $300 paid $270
MCN/Credit Protection Loan $400 paid $314
Instant Cash Loan $200 paid 0
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John A
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| Posted: Thu Sep 25, 2008 6:50 am Subject: FAX numbers |
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Does anyone have the FAX numbers or the mailing addresses for the pdls I have listed above? I have the mailing address for ameriloan if anyone is interested.
John A
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John A
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Shazzers
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| Posted: Thu Sep 25, 2008 7:13 am Subject: reply |
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i can tell you right now that
ameriloan
ucl
paydayloanyes
are not going to be licensed,registered legal.so you are owed a refund by ucl and pdlyes.ameriloan you owe 30.00.i think shazz is working on the others.
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paulmergel
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