Closing my account
Date: Fri, 11/09/2007 - 11:09
I plan on sending out letters this weekend and I have been gathering all my loan history and working on the amounts I paid or overpaid on. I'm just concerned with the legal pdls.
Unless your current bank makes it that your new account can not
Unless your current bank makes it that your new account can not be touched, then yes, a payday loan company can access your account at the same bank. Inquire what you can do with the bank manager.
Yes, Anthony is right, some banks will link the accounts in the
Yes, Anthony is right, some banks will link the accounts in the system, or allow a business to debit the account.
So what Can I do as far as the Legal Payday loans? I have been f
So what Can I do as far as the Legal Payday loans? I have been figuring out the amounts and some I have overpaid on. I know that CashnetUsa is legal in Nevada and CashCentral is legal in Utah. Do you know the laws in those states?
Sonya, be very careful with your bank accounts. I was told by my
Sonya, be very careful with your bank accounts. I was told by my bank, that any incomming debits could force the account back open within 30 days of closing it. It hasn't happened to me yet (i closed mine earlier this week). but it could. Also, i'm pretty sure that debitors can even try to collect from a NEW bank account if they are able to obtain your new account info. I'm not sure about that, but i have heard of it happening. A Mod should be able to answer that question. Also, if you want to maintain a relationship with your current bank, leave your savings account open and just close your checking account. Thats what I did, my bank said noone could touch my saving account.
Thank you for letting me know about the account. I will open an
Thank you for letting me know about the account. I will open an account at another bank. I still need info on the Utah and Nevada Laws. Can someone help me with this?
how did you know that they are legal in your state, are they sto
how did you know that they are legal in your state, are they store fronts?
Sonya, ask a mod but think they can even go after your NEW accou
Sonya, ask a mod but think they can even go after your NEW account at a NEW bank if they obtain the right info. Not positive, but it's worth checking on before you open a new account. I'm going to holf off on a bank account for awhile and use a pre-paid debit card to do my banking.
No they are internet pdl's. I looked up threads on this site and
No they are internet pdl's. I looked up threads on this site and found out what states they are legal in. I live in PA and storefront pdls are not allowed but internet pdls that are licensed; I have to abide by that states laws that they are licensed in. I'm trying to figure out what the laws are in those states so that I can go ahead and take care of the pdls that I have properly.
You will find the Payday loan laws for Nevada here (just select
You will find the Payday loan laws for Nevada here (just select your state),
http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html
You will find the Payday loan laws for Utah here (just select yo
You will find the Payday loan laws for Utah here (just select your state),
http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html
The thing that sucks, is that you will find that most of the com
The thing that sucks, is that you will find that most of the companies will be licensed in a state with very lax laws.
Did you need DE too for Payday One, Payday OK, and Magnum?
It's really very rare that a pdl finds your new account informat
It's really very rare that a pdl finds your new account information. Chances are probably better that an everyday ID thief gets it.
You can lower your risk considerably by never applying for another payday loan.
Quote:It's really very rare that a pdl finds your new account in
Quote:
It's really very rare that a pdl finds your new account information. |
Don't forget a skip trace. Goudah is right - it is rare. But they can do it. The biggest thing - when you get a new account, avoid using it in a manner that a couple can directly debit it. Info like that can show up in pretty bizarre places. Also, make sure you opt out on your credit report:
privacyrights.org/fs/fs1a-basics.htm
The less access a company has to your credit info, the less they know about you.
I wish I could be 100% sure a new bank account wouldn't be hit.
I wish I could be 100% sure a new bank account wouldn't be hit. It's really a pain not having a checking account. I've only been without one for 4 days and it's already a pain. Still waiting on my paycheck from Wednesday to arrive in the mail. And then i'm going to have to worry about finding a place to cash it. But, i just can't risk waking up one morning and finding my brand new bank account drained.
I am wondering how pdl's can get your new account information an
I am wondering how pdl's can get your new account information and debit your account without me giving them the account number or authorization. I opened up a new account at my same bank and I am afraid of it, but my bank tells me there is no way that they can get to it unless i give them the info. I hope they are right.
I'm not sure how they do it. But, i wonder if it's legal for the
I'm not sure how they do it. But, i wonder if it's legal for them to do it?
How about a savings account? While you probably can't get an ATM
How about a savings account? While you probably can't get an ATM card (worth an ask, though), at least you will have your money in an account. And most banks do not allow a debit to a savings account. Ask the bank about their rules regarding this.
Thank you Goudah for posting both Nevada and Ohio Laws. I do hav
Thank you Goudah for posting both Nevada and Ohio Laws. I do have the law for Delaware. I closed one of my accounts and will be closing the other account Tuesday after my car insurance payment goes through. The lady that handled my account told me I will not have any problems. I hope none of these pdls will gain access to my new checking acount. I plan on opening one at my credit union.