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Posted: Fri Oct 19, 2007 9:24 am Subject: what do you think of this?

so i closed my bank account and went to another place and opened a savings account...no debits allowed...the only person who can get money out is me..no check card or atm card...i have to go to the bank to get money...so i made sure it was a hard close...then i got an email from one of my payday loans saying your payment was recieved and your loan has been renewed..how is that possible?

Posted: Fri Oct 19, 2007 9:27 am Subject:

Have you checked your old bank account to make sure it wasn't forced open?

Posted: Fri Oct 19, 2007 9:29 am Subject:

i was clear and made sure it couldnt be forced open...but maybe i should check..

Posted: Fri Oct 19, 2007 9:29 am Subject:

Yes, either this is a ploy to mess with you ( i don't think so) or they somehow got a payment drafted from your old bank somehow. when did you last communicate with this pdl company? and how recent was did you close your old account?
think it's a good idea to start an account where only you have access to it! good move

Posted: Fri Oct 19, 2007 9:32 am Subject:

If you just closed your account, and the payment crossed, the PDl does not know yet that the ach was not honored.

Posted: Fri Oct 19, 2007 9:32 am Subject:

i do all my calls through ip relay...im deaf. I talked to them a week ago and said i was closing my bank account and would like to mail in payments instead. they informed me the only was i could mail in payments is if i was in collections..i said fine..put me in collections then. They did agree not to charge my bank account in the meantime...and you have the ability to print out conversations on iprelay so i have it in print

Posted: Fri Oct 19, 2007 9:34 am Subject:

Oh Boy, You told the PDL that you were closing your account. UGH. They probably went in and hit yur account before you even closed it.Never tell them you are going to close an account. They will go right in and clean you out.You need to remember that these are illegal companies, they will say and do anything.

Posted: Fri Oct 19, 2007 9:35 am Subject:

no my account was frozen before i closed it so there is no way they could have

Posted: Fri Oct 19, 2007 9:36 am Subject:

i paid the bank off a couple weeks after it was frozen...but they couldnt have hit it while its frozen.

Posted: Fri Oct 19, 2007 11:06 am Subject:

Glenda you will need to check with your bank asap. My bank closed my account also as I requested and the following week I had 4 ipdls hit it and force it back open and the bank paid...to make a long story short after that they couldn't close the account because I was nsf and I ended up oweing the bank a small fortune...please verify with the bank that this is not happening to you.

Posted: Fri Oct 19, 2007 12:23 pm Subject:

Do check your bank. These pdls can be very sneaky. But, I tend to think like Kash. It takes about 3-4 business days for them to receive word that the funds are not honored. But what is funny is that they went ahead and renewed the loan. How many days was it after they say they received the payment that they let you know your loan was renewed?
BTW, good idea to open just a savings account that you and only you have access to.

Guest · Posted: Fri Oct 19, 2007 12:47 pm Subject:

sent renewal date on supposed date that they got the money...they didnt i checked

Posted: Fri Oct 19, 2007 12:50 pm Subject:

Good. So they haven't forced your old bank account open. That is good news. So everything must have been crossed up when you closed the bank account. I guess they will be taking back their renewal offer, now. Darn, I know you were wanting very badly to get another loan with them! Smile

Posted: Fri Oct 19, 2007 12:50 pm Subject:

Then it sounds like their renewal notices are automated and you will likely be hearing from them soon with them screaming 'Where's my money?!' Razz

Posted: Fri Oct 19, 2007 1:07 pm Subject: reply

Glenda, what has apparently happened is that the pld companies are on an "automated" system. I have had many, many that sent me an email stating my payment has been received and then stated the next debit date. However, payment was never received. It's all automated. It will take them a few days to realize that the debit was rejected. Then you will receive an email stating "We did not receive your payment. Please contact us." So expect this sometime soon. Good that your bank did not force your account open! Very Happy

Posted: Fri Oct 19, 2007 1:52 pm Subject:

Cannr is right, I had several PDL's emailing me saying my payment was received, but it hadn't been taken out of my account yet. Then when it actually was taken out, I received another email.

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