Geneva Roth Ventures - Illegal Activity?

I'm sure someone will be along shortly, who is more knowledgeable than myself. But I would have to say it isn't legal for them to debit an account, that they were never authorized by you to debit. I would file complaints with the FTC, the BBB and your states AG. These places are just evil, they seem to think they don't need to follow the laws.

Did you apply for any PDLs with your new checking account

I haven't applied for any PDLs with the new number.

PUNk, it may have said in his contract that he authorizes debits from this account or ANY account he may have

I sent a cease and decist letter stating that they have no authorization to debit my account and that they are not licensed to business in my state. They chose to disregard the letter completely.

Matt..the new account, is it at the same bank?

ITs no wonder as they are so illegal that they give illegal a bad name

No - different back.

Thanks for correcting me Kash....I didn't think of that! I knew someone would be along more knowledgeable. :) But I'm learning, slowly but surely!

Sorry - bank (not back)

I think Geneva Roth is known to do this. Somehow they find the new account information. I find this to be very scary. It is illegal, there's no question about it.

How on earth are they doing this??? I work for a bank and I know that account info is closely guarded and not shared or made matter of public record.

As a matter of fact, the bank has a duty to safeguard this info.

I need to look further into this....

I would also contact the OCC...Office of the Comptroller of Currency. If there is one thing private, its your banking info.

Jen, what scares me is if one PDL does it they can all eventually do it.Apparently it is not too hard to do, as this is about the 5th time this week i have heard it done. Yes, they are an illegal co, so anything they do is illegal but, IF Matt signed the stupid thing that gave them authorization to debit any and all accounts he may have they figured why noy give it a try

Kash, what other companies have you heard doing this? I've only heard of Geneva Roth. Goudah even said it's pretty rare for this to happen. And I agree with Volley, our account information should be guarded with the utmost security. What the heck is going on there that they are able to do this?? Are they using some kind of illegal program that allows them to hack into bank information.

That was me above, sorry.

Jen , The onky company I have heard do this is Geneva. But I heard it about 5 times this week. One poster asked them how they got the new bank info , and they told them that they use an agenct that find these bank accounts . It really does scare the hellout of me

So what's to be done?

Geneva Roth is known for doing this . . . .

With the databases of information nowdays, it is not hard for a company to find out what bank you may use. They can pull your Chexsystem report, and see any recent inquiries on it. That could tell them what bank you've opened a new account at. Then they can hit the account. Some banks will allow a business with a contract to debit an account with a ss#.

What bank you use isn't really confidential information, only your account info is. Banks can sell your name for marketing purposes. Therefore that same info could be in any number of databases.

Ahh yes goudah....you are correct, bank name is not really "confidential" per se. I should have noted that. I know that my bank will not give any info even with a ssn even to a business.

Volley, I hope my bank is as good as yours!! This whole thing terrifies me.

But luckily I never had a loan with Geneva Roth.

Ok someone help me out. Im confused and, paranoid Goudah , dont kill me i am always on you about this.I understand they can find out your new bank. Ok that being said, dont they also need your account # to debit. Can a bank really just accept a ssn .Sorry guys , but this is the one topic that gets me crazy.

Most wouldn't allow a business to debit with a ss#, but I've heard of it happening a few times . . . .

I just spoke to my bank. They said that they won't give out the information to anyone exacept the account owner or authorized users (my wife, for example). That begs the question, how did they get the info? It is scary...

Matt, I suppose the good part of all of this is that the bank is not paying the debit. Yes it is a scary thing

Agreed, and they said they won't accept any more attempts, but it still really irritates me!

Matt, why dont you register and become amember. It is free amd there is a lot of information in these forums

I don't really need consolidation help and I thought debt consolidation help was 'part of the deal'...

With the "information age" being how it is, information is all over the place. There are huge databases that collect info everyday. There are businesses that do "skip tracing", a process used to find out information about someone. While it shouldn't be possible to get someone's account info, it isn't that hard, or else ID theft would not be such a huge problem.

Without knowing much more information, there is no way to say for sure how Geneva got your account info.

But- As Kashzan said, the bank will reverse these charges 100% of the time, because they are not authorized. It's just the same as some person on the street getting your account info.

If you register you get a free consultation, but you certainly do not have to get it if you dont need it. You do have PDLs and we can help a lot with that.Its up to you. Thank you for bringing this Geneva thing to light for us

I've been a lurker and you've helped me a ton get all of the PDL's under control, for sure. This is the last lingering one out there.

Well Matt, it is great to know that you have been lurking. If you ever need us, we are here.

Matt, just know that it isn't really a common thing for this to happen, (knock on wood) and Geneva Roth just happens to be one of the really illegal companies that attempts to do this. They are probably using some kind of illegal program to hack into the bank system..at least that's my guess. At least your bank is helping you out and that's great!

This happened to me. Geneva Roth took money out of my old checking account numerous times, using various company names

They were able to get the info because I was stupid and applied for another PDL in a moment of desperation and it was with one of their sister companies.

However, I have a new checking account (I moved to FL, and got a new bank down here) and the only people who have my info are my employer (direct deposit), my car insurance company (direct debit of payment) and that is it. I use a debit card to pay for everything.

GR has something in the agreement that says "they are authorized to debit any account you have in your name if you still owe them money". Knock on wood they haven't tried anything with my new account. They are the worst company to deal with...good luck!

Thanks for that info Guest and you are right, even if you just APPLY for another PDl even if you think it isnt with geneva roth, your new info is now out there in "PDL-Land"

Matt, thank you so much for bringing this to our attention. I do have a defaulted loan with Geneva. I will be on the look out!! Make sure you file your complaints with the BBB and Ag. They are so illegal its incredible and they even refuse all letters and emails I have sent them. Good Luck!

I'm sorry, I should've mentioned that in my earlier post. The reason that they are able to debit with you ss# and a contract is because in that contract it state that you give them permission to debit any account you may have if you default. So it's not like the bank is just giving them the info, they are showing proof to the bank that you've "authorized" the transaction.

This happened to me with a different payday loan.They accessed my new account. My bank returned it. the pdl company (express cash) called me and said they got my new acct number with my ss number which is bs. none of us would be safe from anything if they could do that. I read my bank the riot act and it hasn't happened again

Mom, I wonder if Express Cash is an affiliate of Geneva Roth

teletrack

Mr. Doe, can you elaborate on teletrack?

Matt the same happened to me. Only difference was that I tried to apply for a new PDL online with my new bank account. I was approved, so it said. I supplied my account info for them to deposit the money into my account and the next thing I know Geneva Roth has been trying to get the money. It is listed as an ACH; they make it seem like you have authorized them to deduct the money from your account. Is it possible that you did what I did? I live in TX. I think I am just going to close this account like I did the first.

does anyone have a contact number for geneva roth?

Phone number is 800-351-8820.