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Guest · Posted: Sat May 10, 2008 12:30 pm Subject:

That is what I was thinking. I never gave them this account information. I have no idea how they got my new bank and accouont information.

Posted: Sat May 10, 2008 12:43 pm Subject:

Guest · Posted: Sat May 10, 2008 1:02 pm Subject:

Posted: Sat May 10, 2008 5:18 pm Subject:

My advice to the Guest is to write a letter to the payday lender revoking authorization for any account that they have now or in the future. I had a company try to debt a second account that was not even listed on my application.

Posted: Sat May 10, 2008 5:33 pm Subject:

That's very scary knowing that they can legally debit an account you didn't give them the information for. So basically it seems if you get a PDL you're not even safe from them even if you close your account and change banks & account numbers. It's just not right they can do that to people.

Johnita

Posted: Sat May 10, 2008 6:01 pm Subject:

Usually when you take out a loan you sign the contract. The small print says that you do give your permission to debit any accounts you have now or will have in the future, You did give them permission to do this if they find your new account.

jon1972 · Posted: Sat May 10, 2008 6:03 pm Subject:

they can not debit an account you did not give them info....that is FRAUD and against the law. File fraud charges against them and your bank should get fined.

My bet is the person got another PDL online and the info was shared. Not a smart move!

Posted: Sat May 10, 2008 6:06 pm Subject:

You gave them permission to debit any account you have or will have in the future. They can and will dsebit if they find you.

Posted: Sat May 10, 2008 6:09 pm Subject:

jon1972-It is not against the law....and if the PDL shows the bank a contract giving permission to debit ANY account EVER, then no the bank should not also be fined.

The poster of this thread just needs to tell the PDL to stop debiting....this can be done in writing by revoking ACH rights to that account and any account ever.

Posted: Sat May 10, 2008 6:19 pm Subject:

Guest, I want you to know that I wrote a letter revoking a payday lender to debit any accout have have now or in the future for this very reason. On Monday, go to your bank with your letter in hand to revoke authorization to this account or any other account. Good Luck.

Guest · Posted: Sat May 10, 2008 7:16 pm Subject:

Thank you all for all of your help. By the way...this is not an internet loan, it is a store-front loan. I have never had any PDLs from this account

Posted: Sat May 10, 2008 7:35 pm Subject: pdl

BOY...PDL's can be sneaky!! That happened to me once. A PDL took money from an account I NEVER gave them. And I got the PDL off the Net. I suppose they 'search' for any OTHER accounts you may have..i don't know for sure, though. But, a 'store front' PDL? How WOULD they know another account number you may have? You WOULD have to have given it to them..some way.

Posted: Sun May 11, 2008 5:18 pm Subject:

Do they always check chexsystems when you open a bank account? I had gone to another bank and got a new account. I did have one already with the new bank but did not use that one as it was opened when I was 16 with my mother's name attached. I have had it for over 16 years now. Anyway how do we find information out about out chexsytems report?

Posted: Sun May 11, 2008 6:02 pm Subject:

Just FYI, a Universal Authorization is illegal. In fact, it's illegal to even debit the same account for either the wrong date or wrong amount. You guys are giving out some seriously wrong advice. I can write in a contract that I can knock you over the head whenever I feel like it...that doesn't make it legal. Jon 1972 is right.
Regarding pdls talking to each other, they hate each other. They are competing for your money. Why, when they know you have limited funds, make their own collections more difficult? I'm not trying to be mean, but some of the theories you pass as truth are just absurd. They get your account info by calling the bank with your ss# since they have your information already. That's why you switch banks, not just accounts. Sometimes they'll run reports looking for new account openings. Other times, you apply to a lead generation company that sells them your information. They do not call each other up and say "Hey man...got new accounts to debit for xxx?".

Regarding the EFTA and Universal Debit Agreements..

§ 907. Preauthorized transfers

(a) A preauthorized electronic fund transfer from a consumer's account may be authorized by the consumer only in writing, and a copy of such authorization shall be provided to the consumer when made. A consumer may stop payment of a preauthorized electronic fund transfer by notifying the financial institution orally or in writing at any time up to three business days preceding the scheduled date of such transfer. The financial institution may require written confirmation to be provided to it within fourteen days of an oral notification if, when the oral notification is made, the consumer is advised of such requirement and the address to which such confirmation should be sent.
(b) In the case of preauthorized transfers from a consumer's account to the same person which may vary in amount, the financial institution or designated payee shall, prior to each transfer, provide reasonable advance notice to the consumer, in accordance with regulations of the Board, of the amount to be transferred and the scheduled date of the transfer.

Regulation E
Section 205.10 Preauthorized transfers
Requires financial institutions to provide the consumer with some form of notice that electronic transfers that recur at substantially regular intervals, such as the direct deposit of salaries or benefits and the preauthorized payment of bills, occurred as scheduled.

These are just the ones that require notice. Pretty much every pdl violates this...just in case you ever needed different angles

Posted: Sun May 11, 2008 6:09 pm Subject:

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