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Posted: Fri May 09, 2008 10:54 am

I closed my checking account yesterday and my loans are due today. Now what? Do I need to contact each of my payday providers?
I live in FL
PayDay One: original $500, owe $613
CashNetUSA: original $700, owe $882
CashCentral: original $300, owe $413 (I think)

Posted: Fri May 09, 2008 11:19 am

Hello and welcome! I am assuming these are all Internet loans? How much have you actually paid on these loans?

Posted: Fri May 09, 2008 11:23 am

I'm going to go ahead and post your laws. Smile

Guest · Posted: Fri May 09, 2008 12:02 pm

Yes, they're all internet loans. I've refinanced on all of them at least once for the amount above the original. I just had to do something or else I'd have to get another payday loan just to cover those...it really is a vicious cycle.
I understand the FL laws (thank you for posting them) and if I call the payday loan providers, what do I tell them? Should I bypass the payday loan people and the ACH processing people like I read about on another forum? Thanks for your help, this Web site's been a lifesaver!

Posted: Fri May 09, 2008 12:23 pm

Sorry it took so long to get back with you. I would call the processors asap. And you must be persistant with them, tell them you need them to call your payday loan comapnies and tell them they can NOT debit your account any longer because you have revoked it! After you speak with them, send them an email also, and you could even send emails to these pdl companies and tell them you have contacted their processors.

Guest · Posted: Fri May 09, 2008 12:25 pm

I meant: should I bypass the payday loan lenders and call the ACH processing people?
BTW, for some reason I can't sign into my account because my new password hasn't been sent to me...that's why I'm posting as a guest

Posted: Fri May 09, 2008 12:31 pm

Do your pdl's know your account is closed yet? Have you tried to tell them to stop taking money out of your account?

Posted: Fri May 09, 2008 12:33 pm

Oh and, is there any chance your account can be forced back open? You need to find out from the Bank when you call and get the information on the processors.

Guest · Posted: Fri May 09, 2008 12:35 pm

Do I just tell the payday company to stop any transactions? Do I ask for other payment options, in writing? Do they even have to provide me with any other options?
Thanks for your help, I'm kinda at a loss here.

Posted: Fri May 09, 2008 12:40 pm

You never posted how much you have actually paid these companies so far, that way we can figure out just how much you really owe them.

Posted: Fri May 09, 2008 12:45 pm

I did some checking and am pretty sure that all of your pdl's are legal, the next step is for you to figure out how much you owe them, then set up some sort of payment arrangemnents with them, you will most likely need to send with money orders so they can't get your new bank information.

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