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 Posted: Mon May 12, 2008 1:44 pm
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wow..that is awesome...trying to make sense of it now before i shoot it off...i was pretty much told that i have to deal with the PDL on my own...they would make the initial contact to let them know that intercept is involved...however, it would just be...MR..XXXX contacted us regarding the revocation of debits..would you please contact him....yada yada yada
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toledoguy030
Joined: 08 May 2008
Posts: 120
Debtcc Points: 997
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Posted: Mon May 12, 2008 1:55 pm
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The bank already credited my account. but this is what I got from Intercept EFT via e-mail.
I am in receipt of your email to InterceptEFT. I am contacting you to ensure you understand the only way to revoke your authorization is by the following the NACHA recommended steps outlined below:
Contact your bank, the RDFI (Receiving Depository Financial Institution)
Complete and provide a Written Statement Under Penalty of Perjury to your bank
Your bank can then return the transaction(s) as unauthorized to the originator of the transactions.
Intercept can not revoke the authorization for you. You must do this through your bank where your account is held.
Once Intercept has received a transaction returned unauthorized or authorized revoked, it is our policy to honor the request to not allow any future credit or debit transactions to that account.
If I can be of any further assistance, please contact me.
Christy Stock
COO, AAP
Intercept EFT
Phone: 800-378-3328
Fax: 701-499-5347
email: christy@intercepteft.com
What should I do now with them? I'm going to close my bank account hopefully this week. I'm just waiting for the bank to credit the NSF fees which she said should take only 2 days.
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maria_flores07
Joined: 05 May 2008
Posts: 37
Debtcc Points: 570
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Posted: Mon May 12, 2008 1:56 pm
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You want them to contact the PDL to be sure that you will not have your account debited again. Have her contact them and confirm with you. This should just help them understand their responsibilities. Or, more specifically, tell them that you understand them. They are correct, however, that they have no control over your pdl account. They do have control over making sure your bank account is not touched.
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Posted: Mon May 12, 2008 2:00 pm
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They may not be able to close it but can't they make it debit posting only?
I had to do that with my account at first because I had a direct deposit coming through the next day and the PDL's would have killed my account? 
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eulogyforinnocence
Joined: 08 Apr 2008
Posts: 42
Debtcc Points: 725
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Posted: Mon May 12, 2008 2:31 pm
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Thank Intercept. And tell them that you are only looking for them to insure their client respects your Revocation and does not attempt to debit your account again. You are not looking for Intercept to deal with past transactions. rather, you are revoking any authorization for future transactions with their client. Explain to them that if their client followed the law when notified that authorization is revoked they would not be hearing from you. let us know if more details are needed...but you just want to be sure there are no future transactions
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Posted: Mon May 12, 2008 4:00 pm
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I believe that is all the processor can do. They told me that they could not revoke the debit it had to be done by the PDL and my bank. Fortunately, it never got to that point. Once the PDL was notified that I contacted the processor, they gave me my PIF. That is why I feel it is imperative that the PDL know that their processor has been informed of the revoked debit. I don't think anyone has reported back after they have emailed the PDL about the contact with the processor. Has anyone gotten any responses from the PDL themselves?
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llw1995
Joined: 02 Feb 2008
Posts: 863
Debtcc Points: 10247
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Posted: Mon May 12, 2008 4:08 pm
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OK I replied back to Christy at Intercept and told her thank you and that I completely understand everything. I just wanted to make sure they would not debit my account again (PDLs). So I'll wait to see what she says. Thanks all I feel so much better this week. Thank you all and special tahnks to llw.
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maria_flores07
Joined: 05 May 2008
Posts: 37
Debtcc Points: 570
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Posted: Mon May 12, 2008 4:11 pm
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maria. . I did get your email. I will respond shortly. Can you answer a question for me? If you notified the PDLs of your contact with Intercept, have you gotten a response from them yet? I am curious to see how they are reacting to yet, another, complaint to Intercept.
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llw1995
Joined: 02 Feb 2008
Posts: 863
Debtcc Points: 10247
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Posted: Mon May 12, 2008 4:51 pm
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maria..i was dealing with christy as well....question? my checking account is still open just because work reasons and thus I am current with the 3 payday loans I have...and only owe each two more payments...only $100 to each. If I send them emails saying I contacted the ACH processors and I want PIF letters since they are illegal....do you think they would go in and take all of their money that is owed out...even if I am current? Can they do that? I didn't breach the supposed contract...just curious. I know it is stupid...but I really can't close my account and national city has refused to put a hard block on it?
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toledoguy030
Joined: 08 May 2008
Posts: 120
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Posted: Mon May 12, 2008 4:56 pm
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Revoke authorization, and make sure Christy knows as well as the pdl. Best to do on the same email. I doubt very much they would dare debit your account in that case. That's all a processor can do
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Posted: Mon May 12, 2008 5:57 pm
Latest Blog Post : http://needhelpwithbills1966.yesdebtfree.org |
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Ms Maria, I got a letter that you can use that will help you bank put your account of "deposits only"
Dear Sirs:
After doing research on internet payday loan laws in the state of North Carolina I have found that your internet payday loans are actually illegal.
North Carolina State Information
Legal Status: Prohibited (N.C. Gen. Stat. § 53-281 authorizing payday loans allowed to sunset in 2001)
Citation:
The consumer finance act applies. N.C. Gen. Stat. § 53-173
Small Loan Rate Cap
36% per year
I will be contacting the North Carolina Office of Financial Institutions and the North Carolina State Attorney General’s Office regarding your internet payday loans and your state’s Attorney General Office and the office of Financial Institutions in your state as well. I will also be contacting the Better Business Bureau and the Federal Trade Commission as well.
I will only pay the original amount that I have borrowed from your company.
I demand a physical address to mail payments to, as you are no longer authorized to debit my bank account. This address must be able to receive certified mail that will be required a signature. I will not remit any payment using Money Gram or Western Union. If a physical address is not provided for me to mail payment to, no payment will be made.
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.
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. I also prohibit you to attempt to make any contact with neighbors in regards to this loan. Once I inform you of this, you must stop the telephone contact immediately or you will be breaking the laws of North Carolina.
You are also hereby notified that I am revoking any voluntary wage assignment I may or may not have signed. I will no longer authorize anyone from your company or any affiliates to attach any part of my wages or contact my employer for your collection purposes.
I am revoking your right to debit any checking account that I have now or in the future. You, your company or your affiliates are not authorized to debit my checking account at all. Please be aware that I have informed my financial institution of this situation and they will also be receiving a copy of this correspondence. Any further attempts at debiting my account will be rejected by my financial institution.
I expect a response from your company no later than May 15, 2008, regarding this matter. This response may only com via US Postal Mail or e-mail. No telephone contact is permitted. My mailing address is "I removed my home address for safety purposes My e-mail address is I removed my e-mail address for the same reason.
I worded this letter for my home state of NC where payday loans are illegal. You can tailor this letter to your needs. Just make sure that you give this to your bank as a hard copy and mail, e-mail, fax this letter to the payday lenders.
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wssu91
Joined: 31 Mar 2008
Posts: 223
Debtcc Points: 1423
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Posted: Tue May 13, 2008 7:39 am
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Thank you for your help. Well since I e-mailed Christy at Intercept no one has tried to debit my account. My bank has also credited my account on the three transaction that PDL did last week and I'm waiting for the bank to credit the overdraft charges. ONly one for $33.00 and that's what I'm doing right now. So hopefully I can close my account today.
I sent the PDLs the C&D Letter and I have only heard from OneClickCash who left me a voicemail saying to contact them so they can help me. LOL....One e-mail from JD Marketing stating that they have sent my account to AIS. No phone calls at home. As per LLW I will send them an e-mail letting them know that I have contacted their processor. Wow I feel so much better. Toledo after I contacted the processor, I also let the bank know what I had done and that same day they credited my account. They have not tried to debit the account. Maybe it's becasue of the C&D letter and letting them know about the revokation. I don't know about the PIF becasue I still owe the PDLs.
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maria_flores07
Joined: 05 May 2008
Posts: 37
Debtcc Points: 570
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Posted: Tue May 13, 2008 7:40 am
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Everyone try the processors it really works.
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maria_flores07
Joined: 05 May 2008
Posts: 37
Debtcc Points: 570
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Posted: Tue May 13, 2008 7:46 am
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did you have any luck with christy maria?
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toledoguy030
Joined: 08 May 2008
Posts: 120
Debtcc Points: 997
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Posted: Tue May 13, 2008 8:52 am
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ok...i contacted christy at intercept again...telling her i was going to resend revocation emails with her copied on them...letting them know that i did contact their processor....a little fumed after i just sat down and went thru my last 5 months bank statements to see just how much i paid
Loan Point---originally 300 paid 875 balance is $145
Quickest Cash Advance---originally 300 paid 735 balance is $195
E Payday Loan---originally 300 paid 830 balance is $130
gave me more motivation to take care of this today.
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toledoguy030
Joined: 08 May 2008
Posts: 120
Debtcc Points: 997
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