Payday loan companies taking out fees from my account

What companies do you have the loans from? Are they internet or storefront lenders? IPDL companies are prohibited from lending borrowers in NJ. Get specific help from the attorney general of your state.



You should get the help from your bank if the loan company is charging excessive fees on your account. They will dispute the charges and get your money back if the loan place isn't verifying it.

That law applies to consumer loans, not the interest rate for pdl's. Since they are prohibited they cannot legally lend, therefore they cannot legally charge you interest.

I changed bank accts and did not give them my new acct # until I could get back on track. Somehow the debited my account. The bank is checking on this for me.

Did you stay with the same bank? Maybe they just rolled over the accounts to the new bank account. Go and talk to your bank and see what you need to do to keep them from debiting your account. They might work with you, but you will need to explain to them what is going on.

How much is the actual loan principal and find out the total payments done till now? First be confirmed that you have paid back their principal amount. Notify the AG of your state about this loan company making illegal charges and lending in your state. Your bank must get your money back to the new account if you are sure of not giving the new bank account information to the lender.

Sometimes very agressive pdl's will try to debit random banks using your ss#. If they hit you bank by chance they can debit your account. But you should be able to reverse this with your bank if that is the situation.