closing my account
Date: Sun, 11/11/2007 - 06:01
thanks
putting a hold willnot help, as the pdls use many different name
putting a hold willnot help, as the pdls use many different names to get the money and yiuy dont knoiw which one they will use when they find ourt thereis a hold on one name. also theywill change the amount by a few cents to getit thru. the onlky way is to close your account. stop payments will not work ,If you try to make a pay plan whikle your account is open , they will go in and take everything
I have to agree...others have tried this and it mostly hasn't wo
I have to agree...others have tried this and it mostly hasn't worked. They have so many DBA's they will just debit under another name or as stated in an different amount and the charge will go through leaving you nsf or broke or both. That is why we suggest totally closing the account or having the bank put it on deposit only status.
The letters you mean simply say you revoke their right to debit your account (which they don't always pay attention to) and you revoke their right to any wage assignment. Assignment is voluntary and can be revoked...you will have to give a copy of that to your HR person at work also. Garnishment is done through the courts and you can not stop that however most internet loan companies do not use it..
Well thanks for telling me I guess that saved me 150 bucks but w
Well thanks for telling me I guess that saved me 150 bucks but what kind of letter do I write and give to my HR?
The letter is actually to the ipdls...you will state that you ar
The letter is actually to the ipdls...you will state that you are revoking their right to debit your account (and you really must get the bank to close the account or put it on deposit only because they will continue to debit no matter what you say...but you need this for documentation)you will also in the same letter revoke their right to wage assignment. At this time you can also say anything else you want..offer payment arrangements or demand a pif...you can also include copies of your state law. Then you will give copies of the letters to your HR person to prove you have revoked their power to do a wage assignment.
The thing is, though..If these are all storefronts, they are gen
The thing is, though..If these are all storefronts, they are generally acting within the law. They probably would not use a wage assignment. Storefronts can sue you and get a judgement to garnish. They are usually easier to work with than internet lenders, though. You should definitely contact each lender directly and tell them what would be reasonable for you to pay. The bank account thing is tricky...Depending on what state you are in, it could be a crime to close your account at this time..I do know, however, that frequently in a payment plan storefronts will agree to stop ACH debits while you make the payments. I really think that if you level with them and make good on your arrangements they will work with you.
my bad...your right fins...I was thinking intrnet laons...
my bad...your right fins...I was thinking intrnet laons...
LOL, I usually don't catch it!! Can you put blocks against store
LOL, I usually don't catch it!! Can you put blocks against storefronts? I don't know if that can be a crime or not..
Fins is right, be up front and honest with them. Stick to your
Fins is right, be up front and honest with them. Stick to your payment arrangements with them.
Also read the sticky about closing your account that should answer any questions you have.
ladybug
I know in my personal experience my checks had to be presented t
I know in my personal experience my checks had to be presented to the bank and stamped account closed in order for payments to be arranged.
Good luck
ladybug
r
These are 6 storefronts. Not internet. This person needs to let us know what state they reside in so that we can check the state pdl law and see what it says regarding "criminal action" before advising anything regarding their bank account. Some states can take action if you put a stop payment, close the account, etc. We need to know what state this person resides in. Criminal action could be taken. Also, we could also see if any of the storefronts are members of the CFSA so this person can invoke the EPP for payments.
bewitchen - You left me a message on my page asking for letters.
bewitchen - You left me a message on my page asking for letters. Storefronts are the case where you are going to be on the phone with them mostly or talking to a manager in person. Any letters you send are most likely going to be just a repeat of whatever arrangment you made with them in person, that is if you wish to send a letter.
You can close your account but in this case it is better to speak with the companies.
We do need to know what state you reside in. There are laws governing PDLs and we can give you more specific advice if we know. Sometimes states only allow a certain number of PDLs or a total limit to how much you can borrow. If you borrowed from these stores over either limit, that may help your case... and persuade them to work with you. So please let us know!
OKay my reply ended up in the ether..... That was me above, I
OKay my reply ended up in the ether.....
That was me above, I forgot the log in (for the first time)
If these loans are sore fronts chances are they are operating le
If these loans are sore fronts chances are they are operating legally. You need to go in to the store fronts BEFORE you default and make arangements for the epp. IF they are members of the cfsa, they will have to make thses arangements with you.
I forgot about CFSA kash, yeah they have to make arrangements fo
I forgot about CFSA kash, yeah they have to make arrangements for you. You need to make contact with them and soon!
POKO, I believe that they need to make the arangements before th
POKO, I believe that they need to make the arangements before the loan defaults. You are correct, they need to be contacted soon.
Yeah, they only have to help you if you contact them before. If
Yeah, they only have to help you if you contact them before. If you do it after, then I think they have the right to refuse you and demand all the money right then... Or something like that....
r
We still don't know what state this guest resides in. Or what storefronts they have. Poko, did they tell you what storefronts they have on their message? If they are indeed members of the CFSA, this person needs to go to the storefront BEFORE the due date of the loan and request the EPP. They will then sign an amendment to their loan agreement and this will list out 4 equal payments coinciding with this persons paydates to pay the loan amount off. It needs to be done BEFORE the loan due date. Do we have any idea of the state this person is in or what the storefront names are?
They just asked me what kind of letters to write. I didn't know
They just asked me what kind of letters to write. I didn't know anything else about the situation, so I searched for their original thread... finding out that the situation is nothing these letters can help with. I replyed to the quick message, but I don't think they'd know where to find it.
I think so, but I think they are just going off of what everyone
I think so, but I think they are just going off of what everyone else does/what they've read. I don't think they've realized how very very different dealing with storefronts is.