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 Posted: Wed Dec 05, 2007 10:41 am Subject: Can i stop mte from withdrawling from my acct?
Latest Blog Post : http://screwedup.yesdebtfree.org |
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Paychecktoday.com borrowed $400 paid back $755.00
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ozmentc
Joined: 29 Nov 2007
Posts: 5
Debtcc Points: 150
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Posted: Wed Dec 05, 2007 12:13 pm Subject:
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You are probably going to have to close your account and open a new one. Before you close your account, be sure to read the sticky about this on the Pay Loan Help site on this forum.
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khill2
Joined: 05 Nov 2007
Posts: 37
Debtcc Points: 1102
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Posted: Wed Dec 05, 2007 12:22 pm Subject:
Latest Blog Post : http://screwedup.yesdebtfree.org |
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I have read it, can I just get my bank to stop the debits? Also, what can I expect from MTE when I do this?
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ozmentc
Joined: 29 Nov 2007
Posts: 5
Debtcc Points: 150
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Posted: Wed Dec 05, 2007 12:30 pm Subject:
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MTE will use several different names and several different amounts to get their money. Once they find out you stopped one of their debits they will start with different names and amounts. This will not work. You need to close your account.If not they will get in and take it all.It is a highly illegal company .
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kashzan
Debt Samaritan
Joined: 11 Jul 2007
Posts: 5458
Debtcc Points: 38911
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Posted: Wed Dec 05, 2007 12:43 pm Subject:
Latest Blog Post : http://frogpatch.yesdebtfree.org |
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Do not let them get another dime from you. They can do nothing but threaten. Be sure to revoke any wage assignment agreement you may have signed. They may turn you over to a collector. Do not pay them a dime either.
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frogpatch
Moderator
Joined: 09 Apr 2007
Posts: 3768
Debtcc Points: 31152
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Posted: Wed Dec 05, 2007 1:02 pm Subject:
Latest Blog Post : http://screwedup.yesdebtfree.org |
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I don't believe I agreed to a Wage Assignment Agreement. How would I know.
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ozmentc
Joined: 29 Nov 2007
Posts: 5
Debtcc Points: 150
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frogpatch
Moderator
Joined: 09 Apr 2007
Posts: 3768
Debtcc Points: 31152
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Posted: Wed Dec 05, 2007 5:37 pm Subject: r
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oz, what state are you in? Is this the only pdl that you have? MTE is pretty ruthless. They will not stop debiting your account. You can't just "block" them (they will use one of their many other names). Also, you can not just "block" ACH debits (they will send through an electronic check). Take it from me. They will stop at nothing. The only thing to stop them is to close the account they have the information on. This is why I am asking the other questions. Do you have any other pdls out and what state do you reside in? We need this information to check your state law to see if everything would be okay to close your account and also see if you have any pdls that might actually be considered legal pdls. 
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cannr
Moderator
Joined: 07 Jun 2007
Posts: 9372
Debtcc Points: 124815
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Posted: Thu Dec 06, 2007 12:19 pm Subject:
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I'm in NC. Is paychecktoday affilated with MTE?
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Guest
Debtcc Points: 100
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Posted: Thu Dec 06, 2007 12:30 pm Subject:
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Guest, Yes, Paycehck Today is affiliated with MTE. I believe internet loans are prohibited North Carolina. Paycheck Today will not be licensed to do business in your state. You do need to do as everyone has said and close your account. You have also way overpaid and need to keep them from getting anymore of your money.
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In life it doesn't matter
how hard you hit, it matters
how hard you get hit
and keep moving forward.
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RoxyNY
Moderator
Joined: 03 Aug 2007
Posts: 4113
Debtcc Points: 11516
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Posted: Thu Dec 06, 2007 12:38 pm Subject:
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Oz, here is NC law
| Quote: | 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
Where to Complain, Get Information:
Regulator: North Carolina Attorney General (See also Commissioner of Banks)
Address: NC Attorney General's Office 9001 Mail Service Center Raleigh NC 27699-9001
Phone: (919) 716-6400
Fax:
http://www.ncdoj.com/default.jsp
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I sent you a letter to use with them in a Private message. I have them as well. DO NOT SENT THE LETTER UNTIL YOU CLOSE YOUR ACCOUNT. If you send it before you close your account they will debit your account for everything they say you owe. If you have any questions just post....To get your message, you have to be logged in, and you will look at the top 1/2 right side of the page under CHAT...it should say You have 1 new message...click on that and you messages should be listed....click on the message to open it.
_________________
In life it doesn't matter
how hard you hit, it matters
how hard you get hit
and keep moving forward.
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RoxyNY
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Joined: 03 Aug 2007
Posts: 4113
Debtcc Points: 11516
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