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closed bank account today now what do i do????

Date: Mon, 03/10/2008 - 15:07

Submitted by anonymous
on Mon, 03/10/2008 - 15:07

Posts: 202330 Credits: [Donate]

Total Replies: 25


closed bank account at pnc bank today. have another account at same bank. live near pittsburgh,pa. have 5 pdls. not sure what to do now that my account has been closed.all loans are through the internet. little loan shoppe owe 200 have paid 240. cashnet usa loan for 600 have paid 270.paycheck today.com loan for 250 have paid 375. payday-loan-yes owe 260 have paid 240. and route 66 funding owe 60 dollars the have been hitting me for 35 dollars for months now. all of this has been driving me crazy. i haven't had the money to pay my car. insurance. and other bills. what should i do next?? this friday when these companies try to hit my account and realize it is closed what happens?? can i go to jail for closeing my checking account?? i am a total moron when paying bills. have neglected numerous items. like local school taxes and credit cards. any suggestions as to how to proceed. make decent money just makeing poor decisions is killing me.


Okay, bugs. You reside in PA. I'm going to post the PA state pdl law for you. Let me point out; however, that in PA, if the pdl is licensed SOMEWHERE, PA will "allow" the pdl loan. If they are not licensed SOMEWHERE, they will not be considered a legal debt. So, let me post your state law, just so you can see it, but keep in mind, if some of your pdls are licensed SOMEWHERE, you will have to consider them legal loans and abide by the state law in which they are in. Okay? So let me post this and then we need to check and see which of your pdls are legal and which are not.


lrhall41

Submitted by cannr on Tue, 03/11/2008 - 16:25

( Posts: 9317 | Credits: )


I have two dachshunds! :D They are both 7. Welcome to another doxie lover!

And, just because a pdl has an address in the states does NOT mean they are licensed/legal. Little Loan Shoppe just so happens to be one that is licensed. CashNetUSA is licensed in a lot of states. I'm checking the others because I believe a couple of them won't be licensed to lend.


lrhall41

Submitted by cannr on Tue, 03/11/2008 - 16:40

( Posts: 9317 | Credits: )


Okay, bugs. Here's what we need to do. You will need to contact Little Loan Shoppe and CashNetUSA since they are licensed. Give them a call, shoot them an email, whatever. Tell them YOUR BANK closed your account (blame it on the bank). Tell them you need to set up an alternative payment plan with them. Not Money Gram or Western Union (that costs money). Ask for a mailing address where you can send money orders to. Deny having a bank account at all. As for the illegal ones, we do have a letter you can use to send them stating they are illegal, your state law, not to contact you via telephone, etc. I can post a copy of the letter for you to use as a "guide" to send to the illegal pdls. Let me look at your amounts paid. Hang on.


lrhall41

Submitted by cannr on Tue, 03/11/2008 - 17:07

( Posts: 9317 | Credits: )


PaycheckToday
Borrowed 250/Paid 375/OVERPAID 125

PayDayLoanYes
Borrowed 260/Paid 240/OWE 20

Route 66
You owe them 60, but they keep taking 35? How much did you borrow (principle amount only) and how much have you paid back total so far? I'm sure you've overpaid them. They are sooooooooo illegal.


lrhall41

Submitted by cannr on Tue, 03/11/2008 - 17:11

( Posts: 9317 | Credits: )


(name removed for your safety. cannr):

Please reference your loan contract the Loan Note & Disclosure
Statement,
the Governing Law section. This is what you agreed to when you signed
your
loan contract.

Governing Law:
"Both parties agree that this Note and your account shall be governed
by all
applicable federal laws and all laws of the jurisdiction in which the
LENDER is located, regardless of which state you may reside, and by
signing
below or by your electronic signature, you consent to the exclusive
exercise
of regulatory and ad judicatory authority by the jurisdiction in which
the
Lender is located over all matters related to the Note and your
account,
forsaking any jurisdiction which either party may claim by virtue of
its
residency".

We only accept electronic payments. The loan payoff listed below is the
best
I can do for you.

As of today, your total account balance is $350, settlement is for
$320,
payment arrangements are for two (2) payments $160 due on 4-11-08 and
4-25-08 . To confirm this payoff you will need to complete the payment
confirmation that is listed below.

This is a loan payoff, meaning once you confirm this payoff by
providing
your card information, your account will then be removed from the
collections process, your balance will be frozen and no further charges
will
be assessed on the loan balance as long as you follow through with the
agreed arrangement.

Regards,
Karen Lamb
Advanced Collections Department
1-800-654-7444
x846

____________________________________________________________________________
___________________________________
Payment Authorization
Very Important
To accept this loan payoff please follow the payment confirmation
instructions listed below
Visa / MasterCard Payment Confirmation Instructions

Instructions: You must first click on the reply function, this will
then
allow you to type your payment information.

**Please make sure that you provide all the requested information**
There is a $5.00 processing fee per transaction


1). Your Name :

2). Cardholder Name (as it appears on the card) :

3a). Your payment authorization will be rejected if you do not provide
fax#

3b). Cardholder / Fax # : Area Code: Fax#:


4). Visa OR MasterCard (debit/credit) # :

5). Expiration date :

6). Three (3) digit verification code from back of card :



____________________________________________________________________________
___________________________________
____________________________________________________________________________
___________________________________



-----Original Message-----
From: (removed for your safety. cannr)
Sent: Tuesday, April 01, 2008 6:07 PM
To: tim(at)payday-loan-yes.com
Subject: Re: Your Checking Account!


Name and Address of Payday-Loan-Yes
PO Box 572037
Murray, UT 84157

Payday-Loan-Yes
328 Margarette Gdn
Des Moines, IA 50307


After doing research on internet payday loan laws in
the state of pennsylvania, I have found that your
internet payday loans are actually illegal. I have
also found the following laws to be true applying to
payday loans in the state of pennsylvania in general:
Pennsylvania State Information

Legal Status: Prohibited

Citation:
Check cashers are specifically prohibited from making payday loans under Check Cashing Licensing Act of 1998, ???? 505(a). Otherwise, consumer discount company act applies. 7 Pa. Cons. Stat. Ann. ???? 6201 et seq.

Small Loan Rate Cap
$9.50 per $100 per year discount or 24% per year

Where to Complain, Get Information:
Regulator: Pennsylvania Department of Banking
Address: Market Square Plaza, 17 N. Second Street Harrisburg PA 17101
Phone: (717) 214-8343
Fax: (717) 787-8773
Regulatory Contact: Jim Keiser Administrator of Non-Depository Institutions



I have contacted the pennsylvania Office of Financial
Institutions and the pennsylvania State Attorney
General's Office regarding your internet payday loans
and was informed they are indeed illegal in
pennsylvania and was advised to pay what is due
according to principle amount only of the loan.

I have currently paid 245 DOLLARS on my 200 DOLLARS
loan. The legal amount that could have been charged to
my loan is the principal amount of 260 DOLLARS even if
your internet pay day loan was legal in pennsylvania.
I have paid 245 DOLLARS on this loan by your debits of
my bank account and only owe 15 DOLLARS to have this
paid in full. I am willing to pay the amount of 15
DOLLARS to pay the principle amount of the loan only,
as advised by my Department of Financial Institutions
and my state Attorney General's office.

I demand a physical address to mail payments to, as
you are no longer authorized to debit my bank account.
You must provide me with a physical address to mail my
payments. I will not Money Gram or Western Union any
payment. If no physical address is provided for me to
mail payment to, no payment will be made.

I demand that any contact be made through US Postal
mail or email only. I will need everything in writing
to keep accurate records of all communication as per
instruction from my state Attorney General's Office.

I prohibit you or your affiliates to contact me via
telephone at my place of employment or my home
telephone number. I also prohibit you from calling my
references listed on my loan. Once I inform you of
this, you must stop the telephone contact immediately
or you will be once again breaking the laws of the
state of pennsylvaia.

You are also hereby notified that I am revoking any
voluntary wage assignment I may or may not have
signed. I no longer authorize you, your company, or
your affiliates to attach any part of my wages or
contact my employer for your collection purposes.

I am revoking your right to debit my checking account
any longer. You, your company, or your affiliates are
not authorized to debit my checking account at all.
Please be aware that I have informed my financial
institution of this situation and they will also be
receiving a copy of this correspondence. Any further
attempts at debiting my account will be rejected by my
financial institution.

I must also inform you that I have filed complaints
with the Better Business Bureau, the Federal Trade
Commission, and my state Attorney General's Office.

I expect a response from your company no later than
4-11-08, regarding this matter. This response may only
come via US Postal mail or email. No telephone contact
is permitted.


(name removed for your safety.cannr)

--- tim(at)payday-loan-yes.com wrote:

> Dear (name removed for your safety.cannr)>
> We are experiencing a problem with your checking
> account.
> Please call us at 1-800-666-8107 or email me at
> tim(at)payday-loan-yes.com.
>
>
> Thank you,
>
> Tim Atkins
> Branch Manager
>

so now how should i proceed or should i not worry about anything??? any suggestions??? thank-you


lrhall41

Submitted by bugsas99 on Wed, 04/02/2008 - 15:59

( Posts: 11 | Credits: )


bugs, Tim Atkins is a blow hard jerk. And these people are friggin insane. They want your credit card information???? Sure they do!!! They can't debit your bank account any longer, so - gee - give them your credit card information! Do these guys think you are that crazy??? Oh my God. bugs, send your original letter (again) as a response to both Karen Lamb and Tim Atkins. Send it over and over and over again. They are so disgusting. I'm sorry, but this just really pains me. Please, reply to their emails with your original letter only. Keep on sending it. If they respond, email it again.


lrhall41

Submitted by cannr on Wed, 04/02/2008 - 20:51

( Posts: 9317 | Credits: )