Pay Day Loans

Kerrie, most of the time members advise you go to another bank to make it more difficult for the pdls to find you. It is your call. I have nver heard of these companies....I would try to atleast make contact so your can file further.....I would do so in writing and followup with a phone call. I am really happy you were able to close your account. Just be sure it is completely closed and can not be forced open if the pdls continue to debit.

I received another letter from my bank today informing me of some more attempted debits. When I went to the bank on Thursday, my account was in the negative and I had to bring it positive before closing it. I asked the women I was dealing with if I brought it positive today would we be able to close it today even though it was past 3pm. She told me yes, it would be immediate. Luckily I had money to put into the account and processed the paperwork. Apparently the women I spoke with was incorrect. Now my account is in the negative again. My whole paycheck has been wiped out with all of this and I don't have the money to bring it positive. I am also a little concerned about putting money back into the account. I spoke with the bank about putting a "hard block" on my account until my next payday so I don't get hit with anymore fees. They told me they couldn't do this? I feel like I am being bounced around and no one is willing to help me. I am really getting emotionally drained and don't know what to do. I very nervous about what is going to happen, because I sent the letters out on Saturday, after my bank account was supposedly closed. Does anyone have any advice?

Hi Kerrie,
It is unfortunate you are dealing with all this. Most banks have a force open policy within 30-60 days after closing your account. So any debits that come through after your account is closed will re-open your account and cause you NSF fees, etc.. Did you speak with a Branch Manager at the bank and inform them of your situation and why you were closing the account? Sometimes the BM can place a freeze or "do not force open" restriction on your account on top of closing it, so it cannot be re-opened. This is done when you loose a checkcard or have it stolen, and identity theft. Banks can do this, it is just a matter of being thorough with them and persistent in why you are closing your account.

I would go back to the bank and speak with the same representative and question her why the account was re-opened. It is apparent she did not inform you of the "force open" policy. Bring the letters you sent to the PDLs and show the BM that these companies were unauthorized to debit your account. Maybe they can reverse the charges and re-close the account with the restriction placed on it. It is worth a shot, also this has been done before by others on the forum. You said your whole paycheck was wiped out, did that go into your closed account as well?

My paycheck went into my account before I closed it, and then I had to transfer money (the rest of my paycheck) to bring the account positive in order to close it.

The letters I sent to these pdl companies I drafted from the letter that was posted on this thread. Should I give them copies of that, or should I send another letter out? I am sorry to ask so many questions, I just am anxious to get some relief from these. Thank you to everyone for your help!!

Take a copy of the letters revoking the PDLs debits to the bank with you. Show them this and maybe they will be willing to help. Did you send these letters out certified with signature confirmation?

Yes, I sent them out certified w/ signature. I was also going to email and fax them yesterday (because I didn't have access to a fax over the weekend), but I haven't done this yet because of my account. I am sure they will start receiving my letters as soon as today, so should I just send them out email and fax or just wait? I have a call into the bank manager now, I am just waiting for a return call, I will let you know.

Send them again today if you like. OK, keep us posted. Best of Luck :P

Thank you very much for the encouragement. Reading the different threads on this site and the advice I have been personally given, really makes me feel better and I am really glad that I am not alone in this mess.

I spoke with the branch manager, she was very nice. She is going to wait for me to come in tonight to give her the letters. She said when she has those I will need to sign something and she will put an immediate block on my account. So hopefully this will be the end of the bank account.

I also sent out all of the letters via email and fax, so we will see what happens.

Thank you again

Happy to hear that. It is great she will work with you. The BM will probably have you sign an affidavit putting an permanent block on the PDL companies. Make sure you have all the names of the PDLs before you go into the bank. Also point out that you spoke with the CS rep at the bank and she informed you the bank account could not be reopened. Hopefully she will reverse the charges as well for you. Ensure the BM places a restriction on your account after closing it. Good Luck!

I just received this from one of the PDL's. I believe it is just a standard response?

Yeah that is a generic email.

Ok, so I am starting to get some feedback from my faxes and emails yesterday. Below is an email I received regarding my loan with Prestigage Marketing / Vince Enterprises:

Kerrie, this is Steven with the customer service company for Vince Enterprises. First of all I must say that I'm dissapointed that you reported us to all that was stated in your letter. When we loaned this money to you, we explained how this worked and you accepted the terms and the money anyway for 2 loans. Now all of a sudden it's all our fault and we are the bad guys.

We don't want your money. Consider your loan forgiven. No more charges will be taken from your bank account and your name will not be turned over to collections.

In the future it's my suggestion that you take responsibility for your own actions. We were faithful in loaning you the money when you needed it and again explained how this worked. Apparently you didn't listen and now you're all upset throwing all these threats around. Again your loan is forgiven, so relax life is too short. Any questions call 877-878-2700 ask for me and we'll talk about it if you wish.

Sincerely,
Steven

Here is another one that I never originally signed up for, but after reviewing my accounts, they did deposit money into.

Kerrie,

I have received your fax this morning and I am able to refund you $196.50.
I do need to fax you over some paperwork that I would need you to sign and send back with a copy of your drivers license.
Please provide a fax # that I can submit to.

Thanks,

Signmyloan.net

And another:

Ok, I just received a phone call from Anthony Carter at the Loan Shop. He wants me to call him back so we can work out a deal.

Kerri,
I hope you did not give that company your office fax# and Drivers License information Why can't he send the information through email