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Posted: Thu Nov 15, 2007 2:31 pm Subject:
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I haven't closed the account yet because I need to verify that I can get a paper check from my employer.
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needa2ndchance
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Posted: Thu Nov 15, 2007 3:46 pm Subject:
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Even a letter will not stop them from debiting. They will even keep trying to debit after the account is closed.
When can you find out if your job can give you a paper check?
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volleyballmom
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Joined: 27 Aug 2007
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Posted: Thu Nov 15, 2007 4:32 pm Subject:
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See if your bank will block the debits if you can not get a paper check from your employer. Some banks will do that for you. Then, a soon as your check is deposited, close the account.
Volley does a beautiful job with her letters - don't ya think??
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jazznjoker8
Joined: 22 Aug 2007
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Posted: Fri Nov 16, 2007 8:19 am Subject:
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jazz you're too kind Excellent advice too!
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volleyballmom
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Posted: Fri Nov 16, 2007 10:00 am Subject:
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Boy are they great! I don't think I could form a coherent sentence due to my hostile feelings toward these companies. My employer will issue me a paper check, but if I close my account...where do I go to cash it? Again, I'm sorry that I sound like an idiot but this is all new to me, I've had the same bank/account since I was a teenager.
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needa2ndchance
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Posted: Fri Nov 16, 2007 10:11 am Subject:
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why can't you cash it at the bank it was drawn on Just ask your employer to call the bank for you, and they should do it. That is what i did when i got a paper check.
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kashzan
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Posted: Fri Nov 16, 2007 11:16 am Subject:
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needa-Congrats on getting the paper check from your job! You can cash that check most places and a good place to start, as kash mentioned, is the bank it was drawn on. Most grocery stores and wal mart also cashes them.
You going to close your account right?
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volleyballmom
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Posted: Sun Nov 18, 2007 12:39 am Subject: volley kash so much love!!!
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you 2 keep rockin the house with your info--nuthin but the big hugs going out at ya!!!!!
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HANKYSPANKY42
Joined: 06 Sep 2007
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Posted: Sun Nov 18, 2007 7:43 am Subject:
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Back at ya dear Hanky!
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volleyballmom
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Posted: Sun Dec 09, 2007 1:14 am Subject:
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thanks girlfriend!!!!!
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luv you volley!!!
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Posted: Mon Dec 10, 2007 1:46 pm Subject:
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needa
what did you mean that renewals and extension are illegal? I am in the exact same boat as you are..
AND also live in VA.
thanks
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buddha
Joined: 10 Dec 2007
Posts: 2
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Posted: Mon Dec 10, 2007 1:59 pm Subject:
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| Quote: | Virginia State Information
Legal Status: Legal
Citation:
Va. Code Ann. ยง 6.1-444 et seq.
Loan Terms:
Maximum Loan Amount: $500
Loan Term: Min: 7 days
Maximum Finance Rate and Fees: 15%
Finance Charge for 14-day $100 loan: $15
apr for 14-day $100 loan: 390%
Debt Limits:
Maximum Number of Outstanding Loans at One Time: Not Specified
Rollovers Permitted: None (cannot refinance, renew, or extend)
Cooling-off Period:
Repayment Plan:
Collection Limits:
Collection Fees: $25 NSF fee; Court Costs; Reasonable Attorney's Fees (not to exceed $250)
Criminal Action: Prohibited
Where to Complain, Get Information:
Regulator: Virginia Bureau of Financial Institutions
Address: State Corporation Commission, 1300 East Main Street, Suite 800 Post Office Box 640 Richmond VA 23218
Phone: (804) 371-9657
Fax: (804) 371-9416
Regulatory Contact: Susan E. Hancock,, Deputy Commissioner, Consumer Finance
Regulator Website
http://www.scc.virginia.gov/division/banking/ |
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kashzan
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Posted: Mon Dec 10, 2007 2:01 pm Subject:
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oh, I see. Thanks! I was confused ***
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buddha
Joined: 10 Dec 2007
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Posted: Mon Dec 10, 2007 2:03 pm Subject:
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No problem. If you need anything just ask.
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kashzan
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Posted: Tue Dec 11, 2007 7:37 am Subject:
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I'm also in VA. My employer is based in LA and my payroll checks are drawn on a bank I never heard of in FL. I used a check cashing place 2x before I realized that Wal-Mart was cheaper. They charge $3.00 flat fee to cash payroll checks and their limit is $1,500.
I stopped my direct deposit because of overdrafts and ACH debits from creditors. I'm trying to get that checking account paid off and closed and have opened a new one at a different bank and attached a savings account for overdraft protection (something my current bank didn't even offer when I opened my account there 2 years ago). Once I'm comfortable this account won't be closed on me, I'll start up my direct deposit again. Until then, its $3 every two weeks to Wallyworld to have cash in hand and to keep the vultures from picking me clean before I can pay anyone.
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mlmtlnd
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