PDL nightmare, too!

You will find the Payday loan laws for New Jersey here (just select your state),
http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html

Ok these loans are illegal in New Jersey.
If you close your account yiu will need to redirect your pay check to your new account. This may take a pay period to get straight so you will need a paper check until your pay roll dept changes your account

money, I too was given loans I never applied for. You do need to deal with your bank account. Please read the following on closing your bank account. It has really good information you should know before contacting the bank. Do not tell the pdls you are closing your account or they will try to debit before the due date.

http://www.debtconsolidationcare.com/paydayloan/close-account.html

Thank you all for the info and encouragement! I checked with the payroll dept. at work and they informed me that a change to my direct deposit would take two pay cycles. This means that if I get paid on 11/30, it will still be deposited into my account with no way around it. On 12/14 when I get paid again, that will be a paper check and on 12/28, my pay check will finally start to go into the new account. I haven't talk to my bank yet but if they are not willing to work with me, the only other solution I see is to withdraw my entire pay check on the morning of deposit...This would still mean I'd get stuck owing the bank a lot of money:(

moneyhelp-I withdrew all of my money on payday early in the AM before the PDL debits posted then closed the account with a hard debit block.

If you cant close the account, ask for it to be placed on deposit only then at least you can go into the branch to withdraw funds or just take it all out at one time. At least you have YOUR money in your pocket!!!

MOney, the other thing you could do is askthem to put a hard debt block on your account or put it on deposit only status. The important thing is to stop the debits. And as you said as a last resort, take all your money in the morning.

Make sure that you read the thread about closing your bank account so there won't be any surprises for you.

Kash, Volley and RoxyNY are very knowledgable and will offer you great advice.

ladybug

Money,
I too live in New Jersey and have filed compliants with the AG's office, the BBB for each of the same pdl's that you have and have sent via fax, email and USPS revocation of Autherization for debits to my account. I also sent one to my bank to show that I have revoked the Authorization.
I have been at this for two weeks now and so far have recieved a PIF from CMG and GECC(Csahdirectexpress) and settlement offers from B&L and Loanshop for the balance of what they deposited.

It took some work but it was worth it, the first thing I did was to close my account and worked with payroll to get a hard check.
I have samples of letters , people have sent me I could forward them to you if you want?
David

I am following all of your wonderful advice! It is a lot of work but I have learned my lesson to say the least. David, please do send the sample letter(s) my way! You can send them to (email removed for your safety.cannr). Thanks!

Money-Would recommend not sending those letters until your account in closed. If they (the pdl's) get any sense that you might be closing your account or defaulting in some way, they will go in a bleed you dry!

Do you have contact information for Loanshop? I also am looking for Vince Enterprise. We ended up sucked into this cycle too. Thanks for any help.

The Loan Shop
2207 Concord Pike Suite 505
Wilmington, DE 19803

Ala, I have never heard of Vince enterprise. Is it a pdl company?

Yes. that is how the deduction shows up on my statement. I can not find any other info. We made some big mistakes and have several pdl's. i can't match Vince with any of my paperwork.

You don't happen to have a phone number for the Loan Shop? I assume this is the same as Loanshop-Broadmo?

E-Care/Sonic Payday/Cash Transfer Centers/Loan Shop/Northway Credit

They're all one company...Here is the mailing address and other details you requested:

13696 104th Avenue
Surrey, BC Canada V3R 1V9

phone: 1-866-958-3278
fax: 1-866-809-4069
email: customercare(at)cashtransfercenters.com

Sorry, I was unable to find any information on Vince Enterprise. Maybe someone else has heard of them.

Thanks for the info. I am going to go back thru my bank statements and try and track Vince thru the deposit. I will post if i find anything.

David, thanks so much for the letters, I am working on them now! The bank has agreed to do an ACH hold ($28) but I was a little too late...The bank opens at 8 but before 7 am, over $600 had been withdrawn from my account...Hopefully, they won't get me next week.

Money,
Just hurry and get those letters out, that way you have some ammo for the next time they try to access you account. By the way I got a refund offer from CMG of about 95% of the overpayment. I had to stay on it and not give up and NEVER give them your new bank account information for any reason, you don't want them to get back into your funds.
CMG keep trying to get me to give them an account so they could "deposit" my refund but I taught I don't know who owns who in this pdl game, since they all have so many different names, they could take my account new information and give it to the other pdl's I have made settlement offers and then I am right back to where I was.

Maybe I am paranoid but after three- four years of not having control of my money I need to be a little paranoid :shock:
David

David, you are on quite a roll here. With your own situation and jumping in and helping others...good work. I am enjoyinf your posts and I have learned quite a bit from you. Maybe some of your persistance will rub off :lol:

Roxy,
I took my que from the "wise sages" of Debt CC :wink:

:lol: There are quite a few of those around here and you appear to be well on the way to becomming one yourself. :wink:

david has jumped in with both feet! :wink:

Cannr,
I learned from a good sponsor :lol: besides, why should you guys have all the fun :lol:
Money, as they told me if you need anything just ask and someone will be along to help you out. The NJ Department of Banking sent me a reply to my compliant on CMG, saying they will look into the issue.

Just stay positive and it will all work out.
David

Wow, intelligent, funny, smooth and kind hearted.....
And yes, we do have fun on here...and the more the merrier.

Hey, I say anyone giving advice to someone from their own state is a Godsend! Nothing like having someone from your own state in the same situation! And, david, we are enjoying having you along for the ride! :D

Preaching to the choir (sp)...Hello...and your telling me :lol: It really is a Godsend!

Is there a letter for companies that deposit loans that you didn't ask for? How about any desist orders for the state of NJ? The only ones I see here are for CA. What's funny is if you go through the whole process with these companies...the 5 weeks of paying $90...the 5 weeks of paying $140, etc...they end up taking thousands from you!

Guest,
I found this letter at https://www.debtconsolidationcare.com/forum/template-cdletter.html

It looks like a good one that can be used for any state.
David

UPDATE: Again, thanks for all of your help! I received a mutual release from NetCash USA within days of sending David's letter. I've still heard nothing from ameriloan and I've sent them the letter at least 3 times...I'll keep trying, sending it once every 2 weeks or so...

MoneyHelp,
I finally heard from these guys this week but only in an email saying that my account was not up to date and I need to pay them $390.00 and all will be forgiven :lol: I resent them my letter agreeing to pay the balance of what was deposited and told them I will wait until they agree in writting before paying that amount.

I will see how that flys then move forward.
I have just kept sending the letter, that way they could never say I was not making an effort to resolve this matter.
David

Great advice, david! Keep sending the trusty old "first" letter over and over and over. There's your proof that you've made numerous attempts! Lord! Plus the fact that MAYBE one day, it might actually sink in to their heads!! :lol: