New Here and Need Help

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

kate, have you done anything with your bank account yet? You are dealing with some loans that will not be licensed/legal to lend to you. You need to first prevent these pdls from being able to access your bank account any longer. I am going to post something by goudah regarding closing your bank account. Read this carefully and post any questions that you may have. Also, you have a loan with Cash Transfer Centers. Highly illegal and overseas. They will attempt to send a wage assignment (not garnishment) to your employer. You need to quickly type up a letter to them stating that you revoke any and all wage assignments you have signed. Fax it/email it/mail it certified to them. Keep a copy & give a copy to your HR/payroll person. You need to do this now, as they must receive it before attempting to send it to your employer. I see that you have paid almost all the principle amount back on 3 loans. You paid Loan Shop $180; however, how much was deposited into your account? Arrowhead - have you had any debits by them? With a bit more information, we can help you. I am going to post the information regarding closing your bank account.

before closing bank account read http://www.debtconsolidationcare.com/paydayloan/close-account.html

Thanks for the info. I will ask for deposits only on my account, today during lunch.
Arrowhead i'm not sure if any has been taken out, looking at my bank statement, I have 2 withdrawls for Loanshop, but no deposit for them. I didn't know if Arrowhead and Loanshop were the same place.
Also does anyone have a template of a letter to use to send to pdl's and my payroll? Once I get the deposits only on my account then I will send out the letters this afternoon.
Thanks

I will Pm you a letter taht many of have used. Just Doctor it to fit your needs.

Does anyone know what company is DFG?

I have 2 withdrawls from them, and that's all the bank has on them.

Thanks

I sent the letter . Go to the side of the screen , under the word chat. It should tell you that you have a message. Click on that and it will open up your messages.

got it thanks!!!

You are very welcome. Please post if you need anything else.

I found this in our posts:

Quote:
Dollar Financial Group, Inc.
1355 South 4700 West, Suite 200,
Salt Lake City, Utah, 84104

Phone: (888) 202-9026
Fax: (800) 955-2799
Email: info@ dfg.com

It looks like it might be a DBA or Collection service for Cashtillpayday

Great find Morning.

Thanks Kash...love your new avatar...

Thanks. NYC really does look beautiful at this time of the year.

Thanks for the info.
Can someone explain the difference between:
deposit only
an ach block
hard hold

Thanks again:)

sorry i forgot to log in.

Basically, it's ALMOST all the same thing. But the key here is that you do not want ANYTHING to go through on the account. So an ACH debit block will not be enough. A lot of pdls will find they can not do an ACH debit, so they will put through an electronic check. A hard debit block will prevent ANYTHING from going through - ACH debits, checks, even your own ATM/debit card. Nothing will go through. A hard block, I believe is the same thing. Deposit only status, I believe is the same thing. Just remember, you want NOTHING to go through on the account. No ACH, no checks, no ATM card, nothing, nothing. Block it all. This is why you will need another bank account at a different bank - so that you will have a working bank account for yourself.

Went to the bank today, can't close my account since it's negative right now, but the manager said for me to cancel my direct deposits and use my live checks to open an account at another bank, and then pay back my negative balance to close the account. The bank will return anything that gets applied to my account. I will email/send/fax the letters tomorrow.
Thanks so much for the advice, I appreciate it:)

kate, I understand the bank not closing your account since it is in the negative. And I see that the manager told you anything that tries to hit your account will be returned. However, did the manager also state that there would be no fees assessed (NSF) on your account for any debits that try to hit it?? I'd hate to see the pdls hit your account, the bank reject them, however charge you NSF fees for each one.

Which they probably will do. And the thing is, the pdl's don't just try once. They will try many many times. You need to talk to the bank, and see if they can do some sort of block. You need to make sure your account will not go further into the red.

The hard block is now in place:) I have my new account open elsewhere and have cancel the old direct deposits and switched them to the new one. Also talked with my payroll, and they won't do voluntary wage assignments here without a court order. So that's good:)
As for Cash Transfer Center, since they are illegal, what do I have to pay back?
Thanks again so much for everyones help. I so appreciate. It's nice to be able to know that payday will come and I will have money to spend on my bills (rent and daycare) as opposed to pdls:)

I am so glad that your bank and your job were both so great in working with you. That is a relief.
Just pay back the principle amount, and be rid of them.Pay by pre paid debit card, money gram , ir any other way that does not involve them getting your checking account info.