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Need more help PDLs Ohio

Date: Mon, 12/10/2007 - 09:46

Submitted by bjpetersen2
on Mon, 12/10/2007 - 09:46

Posts: 71 Credits: [Donate]

Total Replies: 29


I called my bank and could not close withoput PDLs reopening. Bank advised stop payment. Good for 6 months. Includes debit and paper check transactions. I can call bank back in 6 months and renew stop payment for no charge. It cost me $35.00 per trasnaction. I could only afford to do 2 today and will do the other 2 Friday. What can I expect to happen from the PDL companies. My previous correspondence here stated that my 4 PDLs were not licensed in Ohio and/or illegal. I have paid back what I borrowed plus interest except for one which should be about $50 more including interest. Please help me with the next plan of action. Thank you.


You can't succesfully do a stop payment as the PDLs will change the amount and there name and just come right back at your account. I would go there and meet with the branch manager to discuss your options. Explain that you have paid these back and this is unauthorized. You have the right to revoke ACH withdrawals at any time.


lrhall41

Submitted by Frogpatch on Mon, 12/10/2007 - 09:54

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bj...these were internet loans correct?? The only problem with stop payment orders is that they can only be for 1 specific company and 1 specific amount. Many of the internet lenders...especially the non-legal ones--when they can't get through they will turn around and send it through again for a different amount or under a different name. Even though your account works by being forced open they should still be abelt to put a hard debit block or deposit only status on your account to give you more protection.

Your next plan of action would be (Uusally after account is closed and your money is safe) to send each lender a letter revoking their right to debit your account, revoking any wage assignments, asking for a paid in full statement and/or offering the balance of the principle you still owe. But the account has to be closed first or they will cotinue to try to take the money out. They rarely actually listen to our requests...


lrhall41

Submitted by Morningstarr430 on Mon, 12/10/2007 - 09:54

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The stop payments will not work. These pdls have so many different names that once they find out you stopped payment they will put through another ach using a different name and amount. The onky way to stop it is to close the account or out a hard block. They will use so many different names amd amounts that it is impossible to stop paymnet on them


lrhall41

Submitted by kashzan on Mon, 12/10/2007 - 09:54

( Posts: 5401 | Credits: )


I asked my bank about the possibility of the pdl using another name to collect. they said to contact them if that happens. i have to have a checking account because my employer only does direct deposit.
i changed my social security check to paper check.
i am starting to feel that i can't beat this now. so what is the use.


lrhall41

Submitted by bjpetersen2 on Mon, 12/10/2007 - 10:07

( Posts: 71 | Credits: )


They shouldn't charge for blocking the account or closing it for you. Are they saying if the ipdl changes their name or debits for a different amount that they will turn it away??Or reverse the charges?? If that is the case than you should be ok ...for now. Somehow though you will have to open another account. These pdls can come back months and months later to try to recover what they think you owe. That is why we recommend that you close the account completely and change to a different bank. Please don't think it's hopeless...many of us have been through the same things...that's how we know what works and what doesn't...keep going ...you will get out of this!!


lrhall41

Submitted by Morningstarr430 on Mon, 12/10/2007 - 10:44

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It definately will happen, and you need to find out what the bank will do. If they keep accruing charges it will cost you a fortune.
Morning is right, you need to close the account. You will never be free of them. They have come back after a year and debited from some members who have kept the accounts open, also from some members who had paid them


lrhall41

Submitted by kashzan on Mon, 12/10/2007 - 10:48

( Posts: 5401 | Credits: )


Then change banks. You can not put stop payments on PDLs. They use nmany different names and will even change the amounts to get your money. If they find out you stopped payment, they will just put thru anothey ach or even a paper check under another name and they will clean you out. Why can't you close your account. Unless you do , you will never be free from these guys.


lrhall41

Submitted by kashzan on Tue, 12/11/2007 - 04:57

( Posts: 5401 | Credits: )


I am on social security and work part-time one or two days a week. they cannot touch my social security. what goes into the bank is from my part-time job. I am confused that you keep insisting that I close my account when they can reopen it anyway and then the bank would charge me fees for insufficient funds. If the pdls change name or amount I would easily recongnize it. If I am threaten by the pdls to have my wages garnished I will just quit my part-time job.
What is the U. S. Government doing about this illegal pdls. Are these pdls money launders?


lrhall41

Submitted by bjpetersen2 on Tue, 12/11/2007 - 23:13

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Please do not do a stop payment on the PDLs. It will not work and you will be paying the bank a fee to do this. PDLs use many different names and once they see that you have placed a stop on one of them , they will use a different name to put the debit thru. Also they will change the amount. Sometimes they will even put a paper check thru. So you see that a stop will definately not work.The only safe way is to close your account if you can or have the bank put a hard block on the account. Dont waste you money trying to stop payment. You neber know what name or amount to put the stop on, as they will change it to get it to go thru.


lrhall41

Submitted by kashzan on Wed, 12/12/2007 - 05:25

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Some if thenm may send a wage assignment to your employer. This is something that they may have had in the contract. It is STRICTLY VOLUNTAR, and you maty revoke it . Just send the pdls a letter saying I (name) hereby revoke any and all wage assignments that I may have signed for you or your affiliates.


lrhall41

Submitted by kashzan on Wed, 12/12/2007 - 05:29

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my bank said closing account won't stop anyone reopening it. i did stop payment on my 4 online pdls. they won't freeze it or credit only it. they have the attitude that i made this problem not them. the next debit from them is scheduled for 12/21. do i wait until the pdls contact me? my part-time job does not do paper checks only direct deposit. when i get through this pdl ordeal i can have a direct deposit on a visa prepaid card. i am feed up with banks now.


lrhall41

Submitted by bjpetersen2 on Mon, 12/17/2007 - 14:01

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As I posted above, stopping payment will do no good at all. These companies will just debit using a different name or a different amount. They will just debit every day .They will not stop . A stop payment will do nothing at all.You should set up another account for your paycheck at another bank. Did you speak to the branch manager at the bank. Yes they can put a hard block , or deposit only on the account.
Forget stopping payment. You have paid for 4 stop payments that wont help you. They sometimes even put thru paper checks to get their money.


lrhall41

Submitted by kashzan on Mon, 12/17/2007 - 14:06

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i have talked to different poeple in customer service. they are the ones that did the stop payment. i even spoke with their counseling dept.
i can close account but that will not stop someone reopening it. i am reading some of your other threads where even with a new account the pdl took money out just this last week.


lrhall41

Submitted by bjpetersen2 on Mon, 12/17/2007 - 14:23

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