The PDL advice to me.......

Listen to goudah. Open a new account. Go to a completely different bank. Then use your "existing" account as the new information for the pdl - it's an open active account. However, your "new" account, don't give that information out. And, I just say, go to a completely different bank for the new account. Some people open a new account at the same bank and they're okay. However, I'm so very paranoid, that I suggest going somewhere completely different. Open one as soon as you can. Just make sure your husband gives them the "updated" account information when he goes in there. That way the checks he writes will then be on an open active account.

Yeah, I agree with Cannr - Going to a different bank is always safer. Some banks will link the accounts in the system, so when the old account gets hit it will automatically transfer to the new account. And some banks will allow a business with a contract to debit using a social security number! So going to another bank is always advised . . . . .

Since these are not roll overs and a new loan everytime I think I would go the new account route too. That’s BS by the way and absolutely no different than a roll over. I would not use my existing account or bank either. Go to a new bank and get a new account just for this. Try to set it up from the beginning as deposit only and no ACH. You might as well block the check too. I know in KY they can not file criminal charges for any of this by the way but I do not know how OH is. I feel for you. My wife has pulled similar crap on me. I had perfect credit and was debt free except the house and she opened 100k worth of credit cards in my name and signed up for that stupid GFSIL loan. I have since paid off 85k worth but still have 15k lingering around that needs to be settled when I get some money saved. My credit will need to be cleaned again too since there is charge offs on it now. I just hope I don’t get sued since what remains is on 2 cards and is in the range of being sued plus I have assets they could go after.

Wow - That sucks D&S! That's a whole lot of debt! Congrats on clearing up so much of it!

My question is...How in the hell did these places let him write checks on an account that was closed in the first place. You need to have a "Current" bank statement to even open an account...and shouldn't the store cal or check with the bank to make sure it's a valid account before funding the loan?

That is a good point...I had some storefronts, and i had to have a cureent bank statement. I even had to sit there while they called my bank to verify the account was valid. Maybe they only do that in TN, though. Still, seems like the store shouldn't let people lend on a closed account.

Actually, this is in part an error on the store fronts part. Yes, they are supposed to get current documents from you. We have to take in a current pay stub and also a current (within last 30 days) bank statement. The store front was not asking him for these documents. Maybe because he was a long time customer? However, they should have asked for documentation. That's how they keep their licenses, by abiding by the law.

I know that when I had storefronts, they would keep telling me to bring in my bank statements each time I renewed, but I would "forget" each time, and they still loaned to me. I just didn't want them to see all the internet pdl's taking money out of the account because I thought they might not lend to me if they saw that. Everytime they would ask me, everytime I would forget.

It wasn't a requirement for them to have it, but it was company policy. It's a good thing for a pdl to do to verify the account is open.

Oh, goudah! I'm cracking up! I was afraid of the same thing. I would think "Oh my God. They're going to see all these debits on my account!" Hell, they don't even look at it. They just would check the account number and make sure it matched the check! But, I do know the feeling!

That is ironic that the storefronts didn't check. Since I was a repeat customer, they didn't check mine either. Ironic because some of the online pdls turned me down because of too many debits from other companies (I guess it worked for my good in the end though)

My question is...How in the hell did these places let him write checks on an account that was closed in the first place. You need to have a "Current" bank statement to even open an account...and shouldn't the store cal or check with the bank to make sure it's a valid account before funding the loan?

Guest he strted borrowing fomr the same places a year ago, at the time the account was open. Back in Jan of this year he bounced some checks due to the bank doing away with our overdraft protection ( no notification either) and we had to close the account to stop the fees from accumulating. We paid the bank 783.00 in fees plus 4 checks that were bad. All of the places we wrote the checks to were very understanding and let us take care fo them.

So we did not open a new account for quite some time and especially not with First Financial again.

We just recently opened ( well he did I am not on the account) up a new account in May and he just never had or was asked for new banking info through the PDL.

He didn't think it was a big deal because the check was nothing more than an IOU in his eyes because the checks NEVER went through the bank. He always walked in on his due date and paid them cash and they gave him the checks back.

I hope that made sense?

Now another question.

I replied in anothert topic in this forum but can't remeber which one. But i wanted to know what the laws were in Ohio for closing a cchecking account or stoppping payment. And which shoudl I do. close or stop payment. Either way is my husband going to be prosecuted for closing or stoppping payment when he has checks out?

http://www.debtconsolidationcare.com...uge-fee-1.html

I think that is the topic you posted the question under . . . . If you go to it there are several responses to your question.

I read that one but this was theanswer I was looking for.


you will get ohio storefront pdl info here

http://www.debtconsolidationcare.com...bout31565.html