PDLs in NC

love your quote RoxyNY

Your son is correct. They can change one little thing and the debit will go through. That's how these sneaky illegal companies keep getting money on accounts that are not closed/blocked. Yes, $150 is cheaper; however, you will still have a problem, unless your thinking of putting a stop payment on them for this one time and then closing the account before they hit again. Can you take letters in to your bank stating that you've revoked their authorization to debit your account and then they will put a block on it? You can type up quick letters revoking debit authorization to each one and take copies in to the bank showing you revoked their authorization.

Cannr, since love gets a monthly deposit..could love not drain and close the account as soon as everything goes throuh..deposit and debit.

Love, thank you...my son taught it to me...it is from Rocky...

You need to contact SSI tomorrow and find out how to change your direct deposit and how long it will take...that also plays a very important part in all this.

That's why I was asking those questions. love can let these go through or attempt to put a stop payment on them for this time. Then go in there after the 3rd, take every friggin penny out and close that account. Go to a different bank and open a new account.

how do you write letters......i can possibly get my money out but the bank will not close my account officially for so many days--i believe 10 days...i went through with my ex

i will contact ss when i have new account number

any form for a letter to copy--i need something soon--i have 5 tonight to do


HELPPP---need help with letter SOOONNN

well i finally found a form--typed five for the bank tommorrow....what and when do i deal with the payday loans




should i take a copy of the law for payday loans in nc

HELLOOOOOO anyone out there to help....i would like to know the next steps to handle lenders.....

why dont you just relax...very impatient arent you. canner and rox have been helping you.

its not that I am impatient..I am asking an aunt to drive down here to take me to the bank/post office to do the paperwork. I have to get it done at the bank tomorrow because the loans come out on the third. I also get direct deposit on the third (as earlier stated). I have resorted to finding what I can but since my aunt is driving a good distance to help me--i need all i can get correct so this gets done...sorry if it comes off impatient but.....

I did do the letters for the bank...also the attorney generals stuff has been started....no the lenders...all five of them....need help there.....oh how do i send proof of the loans or do i need to??

should i take a copy of the payday loan law to my bank?

ok forms filled out for the state...bank letters to revoke ready...pdl's letters ready....info from this website ready for bank (since they don't understand what I want....made copies of a few bank statements showing transactions--so they know what to be stopping or blocking.....ANYTHING ELSE????? Please someone let me know as soon as possible will be heading to bank in a few hours.....thanks

is anyone on that can give a quick answer....will be heading to bank---bank that don't know much....need a backbone/shoulder...

Take this to your bank.You have the right to revoke ALL ach debits from your account.
Per the Electronic Funds Transfer Act:

Quote:
???? 205.10 Preauthorized transfers.

(a) Preauthorized transfers to consumer's account--(1) Notice by financial institution. When a person initiates preauthorized electronic fund transfers to a consumer's account at least once every 60 days, the account-holding financial institution shall provide notice to the consumer by:
(i) Positive notice. Providing oral or written notice of the transfer within two business days after the transfer occurs; or
(ii) Negative notice. Providing oral or written notice, within two business days after the date on which the transfer was scheduled to occur, that the transfer did not occur; or
(iii) Readily-available telephone line. Providing a readily available telephone line that the consumer may call to determine whether the transfer occurred and disclosing the telephone number on the initial disclosure of account terms and on each periodic statement.
{{10-30-98 p.7369}}
(2) Notice by payor. A financial institution need not provide notice of a transfer if the payor gives the consumer positive notice that the transfer has been initiated.
(3) Crediting. A financial institution that receives a preauthorized transfer of the type described in paragraph (a)(1) of this section shall credit the amount of the transfer as of the date the funds for the transfer are received.
(b) Written authorization for preauthorized transfers from consumer's account. Preauthorized electronic fund transfers from a consumer's account may be authorized only by a writing signed or similarly authenticated by the consumer. The person that obtains the authorization shall provide a copy to the consumer.
(c) Consumer's right to stop payment--(1) Notice. A consumer may stop payment of a preauthorized electronic fund transfer from the consumer's account by notifying the financial institution orally or in writing at least three business days before the scheduled date of the transfer.
(2) Written confirmation. The financial institution may require the consumer to give written confirmation of a stop-payment order within 14 days of an oral notification. An institution that requires written confirmation shall inform the consumer of the requirement and provide the address where confirmation must be sent when the consumer gives the oral notification. An oral stop-payment order ceases to be binding after 14 days if the consumer fails to provide the required written confirmation.
(d) Notice of transfers varying in amount--(1) Notice. When a preauthorized electronic fund transfer from the consumer's accounts will vary in amount from the previous transfer under the same authorization or from the preauthorized amount, the designated payee or the financial institution shall send the consumer written notice of the amount and date of the transfer at least 10 days before the scheduled date of transfer.
(2) Range. The designated payee or the institution shall inform the consumer of the right to receive notice of all varying transfers, but may give the consumer the option of receiving notice only when a transfer falls outside a specified range of amounts or only when a transfer differs from the most recent transfer by more than an agreed-upon amount.
(e) Compulsory use--(1) Credit. No financial institution or other person may condition an extension of credit to a consumer on the consumer's repayment by preauthorized electronic fund transfers, except for credit extended under an overdraft credit plan or extended to maintain a specified minimum balance in the consumer's account.
(2) Employment or government benefit. No financial institution or other person may require a consumer to establish an account for receipt of electronic fund transfers with a particular institution as a condition of employment or receipt of a government benefit.

[Codified to 12 C.F.R. ???? 205.10]

[Section 205.10 added at 44 Fed. Reg. 59471, October 15, 1979; amended at 45 Fed. Reg. 8265, February 6, 1980, effective May 10, 1980; 61 Fed. Reg. 19672, May 2, 1996]

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Thanks for posting that, guest! Sorry, had to sign off last night.

I realzie this is stressfull, just hang in there. Take all the stuff you listed and I would print out the laws that guest posted. You can do this. As Cannr pointed out when you go to the bank request to speak with the manager. Do whatever you can to make them listen and hear you. You need to fight the good fight if needed. Also, if they are still not helping you, aske the manager who his/her boss is and their contact information. You can report the bank if need be...be strong..this is your money, fight for it.

WOW thanks everyone--i stayed ALL night organizing/copying/typing---just yesterday morning death looked better than my coffee---I will report back to you all when I get home from everything---FIGHT FIGHT FIGHT

(PS do not know when aunt can get here she is busy but she wants to help she has kept us off the street!)

(c) Consumer's right to stop payment--(1) Notice. A consumer may stop payment of a preauthorized electronic fund transfer from the consumer's account by notifying the financial institution orally or in writing at least three business days before the scheduled date of the transfer.

it has not been three business days--is that a problem

LOve, also found this..take it with you so you can refer to it if you get nervous....


This is who the banks answer to and if they do not want to help you then you can throw out there that you will be happy to file a complaint with the OCC. I would check out the web site if you have time.

ok...is it to late as i mentioned above...

I would point out that you have been trying for how ever many days to get this taken care of and the people you were working with were no help...It would also be helpful if you can remember the names of people you talked to. Good luck with this...let us know what happens...gotta go get ready for work.

have a great day at work...ty

Oh...and also, if they say they can not reverse or stop anything, tell them then you will dispute it, Take notes and be sure to take names in case you do have to file.

i will--going to bank in about an hour....FIGHT FIGHT...nerves are setting in.....

I am "stealing" your pixie dust...LOL

Take all you need :wink: You can do this!

Please post as to how it goes. As roxy stated, if they give you a hard way to go regarding the "three days", tell them you have been trying to resolved this issue since (whatever date). So, they can stick that excuse. Also, ask to speak with the manager/boss/head honcho. Do not be afraid. Apparently this "supervisor" is not willing to help you. Go higher. If they STILL give you a hard way to go, ask them directly for the telephone number of their corporate office, as you will be needing that to contact them. Make them give it to you. And, also roxyny posted good information regarding reporting the bank. Do not be afraid to use that either. I'm not saying go in there with guns blasting, but when it comes to your money, you need to be firm. There is no reason they can not put a hard debit block on this account. When I put the block on my account, the manager hit a couple of keys on the keyboard and it was done. It took all of two seconds. That's why I do not understand your banks problem. Do not hesitate to contact the corporate office if need be. Hell, I did and I got results from them. They helped me when my bank tried to be butts. Please go today, stand firm, ask to talk to the person in charge. If they still won't help, get the phone number for the corporate office, tell them you will be contacting them, and also let them know you will be filing a complaint against them. You must be strong. I know you can do it. Please post. I'll be back on later to check how things went. :wink:

no i need to go in pepto bismal blasting---hmmm--pink walls in my bank...hmmm..

its sure nice to know someone is truly out there to help---i am disabled losing my vision---teenager is gtting ready to graduate...i want this cleared so he can go on with his future without a burden plus be a role model---THANK YOU THANK YOU (my son says to think of them
****---oh that will be a pepto bismal moment--lol)


Ok I am off its about 9:30am--a journey that will change my life and my teenagers and hopefully give hope to many others...

[color=Red]****Adult term removed - Jason[/color]

:D :D :D :D :D --- went much easier in part to all the paperwork in order---advice printed out from posts--confidence builders before my time at the bank--and the willingness to FIGHT FIGHT FIGHT. I CLOSED my account (checked the rules/laws of doing that) and I got monitoring on my bank account for a week at least (got that in writing) and I got a box of checks for FREEEEE. No stop payments were done since they are useless--so no $150 dollar charges. I faxed the companies of my intent---tonight I mail envelope to Raleigh,NC.....and we just wait till !@#$%^&*()_+hits the fans. Oh I will be on vacation when the calls start rolling in (LOL). But most of all---THANK YOU THANK YOU THANK YOU to all who walked this walk with me...I went in head strong (and a nauseated stomach)due to all who rallied around me and gave me confidence---THANK YOU. I will keep you all updated and I wish that many others can feel the desire to make that jump to a better life.

CONGRATULATIONS!!!!! :D :D :D
You did an excellent job!! I'm sooooooo happy this went well for you! You did an excellent job! I'm doing a happy dance for you!

Love...How AWSOME for you!!! I am happy dancing too.
What a change from the posts yesterday :lol: Excellent job!!

No lie! Talk about a roller coaster ride! :shock:

its nerve racking, nauseating and you feel alone.....I knew I wanted it badly but actually doing is another story....I have really no one I can say I can count on (yes my aunt helps but its usually on when desperate sets in)...being disabled I have a hard time believing in much--you gey used to people trampling over you but you all treat people as humans...I really appreciated that. My teenager will be so proud of me--he was worried I would of backed down---the bank was astonished how prepare I was and I just thanked all the people on this website. She could not do much jerking around and trying to pull a fast one. Ok--what do I do if calls start coming in..don't rush in response I am enjoying my day (with a sinus problem) and KFC (my aunt treated me. I have so many calls to make to change accounts. My account # is 123***NOT A CHANCE...LOL

oh they will deal with social security to

Okay. Enjoy your day! Really! Now that your bank account is taken care of, you're okay. We can now take our time and work on these. You did letters already, correct? So you have letters to send to each pdl? It states your state law, how much you've paid, and how much you owe/paid/overpaid? Let me know what you have so far and we'll move forward! Take your time. You don't have to be frantic any longer! And we are here to help you. Please know that.

Wow, alot has happened since I bumped this one up late yesterday right before I left work. Nice work everyone! I guess I will leave this one as under control!

Thanks for "bumping" frog! This way love didn't get overlooked!! :wink:

done all of that w/ pdls--faxed and postal :D

social security done---it will be done OVERNIGHT--yes OVERNIGHT...it will be effective April..th bank was trying but the form they would use would of taken weeks..... 8) 8) 8) 8)

I do not have time to read all this right now, so I am hoping that I am not repeating anything that anyone else has already said...

First PDL's are illegal here in NC (I am in NC also)

As far as your bank is concerned, you need to write a letter and send it via email or USPS telling them you are revoking your authroization to debit you account. Make sure you include all the information you gave then when getting the loan, which is the name of your bank and account number. Make sure you let them know you found out that they are operating illegally in the state of NC. In the letter include that you revoke any authorization you gave them to contact you references etc.

Take a copy of this to your bank. If nothing else, until you can get the new account established (which I recommend at a different bank), show them this letter and fill out some paperwork they give you. Keep an eye on your account and when you see these debits on there, go right to the bank and have them reversse the transaction. Most of the time they can do this, but they do have to have a copy of the letter you sent to these people on file, and you need one for each company. But get that bank situation taken care of ASAP or they will eat you alive.

Hang in there and keep you chin up, it will get better! I promise and if I have repeated myself, please forgive me. Trying to multi task here

love, you are doing GREAT! This is working out better than we hoped for! I am sooooo happy for you! You should be very proud of yourself for what you've accomplished in such a VERY short amount of time! :D

Oh gosh...now reading a little more in between thing, do I feel dumb!

Glad you got things going for you. Like I said, hang in there!!! It is tough to start with but the fight is worth it to be out from under those things.

:oops: :oops: all these comments and compliments--haven't heard those in a LOOOONNNNNG time---it sure makes me feel good to know there are people cheering you on for all the right reasons--like getting your life back on track---this is the best graduation present for my teenager (he graduates CLASS OF 2009-GO CLASS!!!) Thanks 2nband for your thoughts--it was appreciated....

I have to admit I was worried about the bank and how that would go ....I came in to work today and the first thing I did was check. Love, the one thing everyone here will do is provide support. We have all been in your shoes and we all know the feelings of lonliness and deperation. I was afraid of everything when I found this site and now I am helping others. Please enjoy the rest or your day and that KFC. :lol:

i was sweating my bank--they usually have a bad attitude and after last night i worried this morning out....

Yeah...but it worked out just fine. Now just take things one day at a time and you will do great.

YAY for love! :D

all stuff is mailed to appropriate people---time to pop some popcorn and get under a warm blanket and wait to see what happens..... :P 8) :roll: :) :D :lol: