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I have got myself in quite a jam and I am looking to get out as soon and a painlessly as possible. I am unable to close my bank account as I have read on this site is the best to do. This is because my account is in negative status and the bank has told me the account must be current in order to close it. But the balance will not clear until my paycheck is deposited. The bank has opened a new account for me to have my paycheck sent to but has not closed the other account. My bank is a small credit union. I have paid significant monies to most of the companies that I have dealt with. I have opened a new account and sent the follwing letter to my bank, which requested that I ask for an "ach block in writing". At the actual bank they told me that if I did not resolve my negative balance (which I fear will be higher on 9/30/08 when the PDLs post again), then the money will still be debited from my new account to clear the balance owed to them and then the account can be closed. I have not received a reponse yet to the letter below. This is really important since my next paycheck is schelduled for 9/30/08.
What is my next step? :

To Whom It May Concern:

I am revoking ACH authorizations from unlicensed/illegal companies, and have learned these companies are notorious for ignoring revocation; therefore it is important to BLOCK any withdrawal attempts on my account to protect my interest. There is also the strong possibility that these companies have sold or comprised my account information.

Please place my account (No. 147455) on “deposit only” status, an ach block, or a hard hold. This will prevent any fraudulent ACH's from reopening my bank account.

It's always best to close the bank account, if its been compromised, but I do understand and acknowledge my present debt to JFCU in the amount of $950.11. This will be cleared on 9/29/08, when my paycheck is direct deposited into my new account. However, upon payment to JFCU I need my old account (147455) to be closed immediately. Leaving it open gives ways for the then companies to continue to withdraw money. These companies have many different DBA's, so blocking them individually by name won't work. They might also attempt to produce paper checks and run them through my account.

Although I understand, you can not close the account until 9/29/08, when the balance is resolved, I still need my account put in deposit only status as of today. I look forward to your prompt action in this matter. Please call me to confirm when this has been done.

Thank You."

My outstanding loans as of 9/24/08:

my cash now (MCN)
Deposited $500 on 6/14/08
Payments:
$191.52 7/15/08
$93.60 7/31/08
$106.40 7/31/08
$18.92 8/15/08
$81.08 8/15/08
$50.00 8/29/08
$72.15 8/29/08
$76.30 9/15/08
$50.00 9/15/08
Total: $739.97

United Cash Loans
Deposited $350 on 7/16/08
Payments:
$105 7/31/08
$100 7/31/08
$50 8/15/08
$75 8/15/08
$50 8/29/08
$60 8/29/08
$45 9/15/08
Total: $485

US Fast Cash
Deposited $400 on 7/18/08
Payments:
$100 7/31/08
$50 8/15/08
$90 8/15/08
$50 8/29/08
$75 8/29/08
$60 9/15/08
$50 9/15/08
Total: $475
Balance: $0

500 Fast Cash
Deposited $450 on 7/22/08
Payments:
$50 8/15/08
$135 8/15/08
$120 8/29/08
$50 8/29/08
$105 9/15/08
$50 9/15/08
Total: $510
Balance: $0

Webpayday.com
Deposited $525 on 8/05/08
Payments:
$156.25 8/15/08
$175.00 8/15/08
$137.50 8/29/08
Total: $468.25
Balance: $56.75

Nhcash.com
Deposited $200 on 9/18/08
Payments: $0
Balance: $200

SGQ Ltd.
Deposited $300 on 9/24/08
Payments: $0
Balance: $300 ]

I live in New York state. I just learned from this site that PDLs are illegal in my state

Posted: Wed Sep 24, 2008 10:25 am Subject:

I also had my bank account in negative status.I couldnt close because of that BUT YOU CAN put a freeze on it .Thats what they did to me .THey put a freeze on my account so no activities at all can take place especially any withdrawls from these pdls.GO to your bank and tell them that.WHats your bank name? iam with chase and they were good.

Posted: Wed Sep 24, 2008 11:10 am Subject:

Seems to me like you need to be seeking a refund, if you cannot get that then you need to get a PIF on all of these except the last 3, pay the PRINCIPAL AND NOTHING more!

If they try and hit your acct again, you have the letter there, show it to your bank, fill out a fraud form and tell them they are not authorized to debit your acct any further!

Posted: Wed Sep 24, 2008 11:21 am Subject:

Freeze that account today!

Posted: Wed Sep 24, 2008 12:36 pm Subject:

i agree, they can freeze it. call and ask for a manager, if s/he cannot help, ask for someone else. it can be done and has to be done, for your sake.

Posted: Wed Sep 24, 2008 3:14 pm Subject:

I just recently had this occur to me. I had a neg bal in my acct and i spoke with the bank and they were not too helpful, i asked them about putting a block on my acct and stopping any and all withdrawls, she told they cant do that, they are already authorized. this doesnt make any sense to me. I got enough money last fri so they closed my acct, without my knowledge and put the remaining into my savings acct which was also neg. I had NO money this wk, so nice. Anyway she said well there is good news, your acct is closed HAHA dont think thats good news at!!
Well i still have to send out letters notifying these companies my acct is closed.
I hope all works out for you,
wendy

Posted: Wed Sep 24, 2008 4:02 pm Subject:

Internet payday lenders are not legal in NY, either because of restrictive laws, or because the state does not license companies not located in that state, but requires a state issued license to lend.

ritchie · Posted: Thu Oct 23, 2008 10:38 am Subject: bank

yeah i know what u mean..i had tons in the bank now none... and its neg. and they treat u l ike a criminal. b ut they loved me before.
so just catch up if u can. and go from there..dont close /open accts etc. just catch up and go on

Zena · Posted: Thu Oct 23, 2008 12:35 pm Subject: Update

This account was made current and closed. The bank has pushed back all the debits that were attempted since the account was closed. Additionally, they have done a reverse ACH to claw back the money from companies that I have overpayed.