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payday companies share you checking account info

Date: Thu, 07/31/2008 - 19:55

Submitted by anonymous
on Thu, 07/31/2008 - 19:55

Posts: 202330 Credits: [Donate]

Total Replies: 20


This is not a typical payday nightmare, but the story shows that payday companies have no problem to get their cash from anywhere, and anyhow.

I applied for a loan with paychecktoday July 20/2008. Right before submitting the application, I noticed that their check box for 'agreeing to the terms and condition' contained some other information too. It included a statement, that by checking the checkbox, not only do I agree to terms and conditions, but also to be charged $19.95 by Authority ID for their identity protection program. Well, I didn't check the check box, just clicked continue. One would think you have to agree to terms and condition, but not in this case. The application simply continued.

I filled out the required info, but then, when it was time to sign the application, I didn't. Just changed my mind. I closed the browser, and thought that was it.

But next day I received an email, saying that the money I requested will be deposited the next business day. I called paychecktoday, and canceled the loan (even though I didn't take any loan). They argued that I have signed the documents and they need at least 2 day notice before.

After some arguing and faxing a document they sent me, the loan was canceled. But obviously, it didn't stop Authority ID from charging me $19.95 for their 'services'. They would not issue a refund, and after being asked how did I actually signed up for their services, they admitted that I probably overlooked a check box. But I didn't, I know I didn't click the box. They would not do anything about it, even though they didn't even know, on what web site I supposedly clicked the box. They just said 'You probably applied for a loan'. I told them I did but did not complete the approval process, they said, that I don't have to get a loan, that I signed up just by applying for the loan. Go figure.

So beware! This is a SCAM, nothing else, no matter what you sign or click (or don't click), once they have your banking info, they consider it 'open for business'.
BTW, I could not find anything on the web about Authority ID. I only got their phone # from the bank statement. It's 1-800-418-4817.
So be careful, it seems the scams are getting more and more aggressive.


Well, I guess it's the same with most of these applications. You write your name and email address, and give them your account # so they can deposit the money. Then I clicked "continue", where they asked about housing, work etc, and then, after clicking "submit" the page where you supposed to e-sign the documents appear. So basically they had all the info (that is my email and account #) before I even got to the second page of the application. But as I said, I did not check the "agree to terms and condition" check box, because I actually read what it said! Yet, after clicking continue, the application just - continued. And then again, I did not e-sign it, yet they were going to deposit the loan anyway. I feel little worried about my checking account, because they may do something nasty in the future, when all dust settles. I sure will watch my account very closely now.


lrhall41

Submitted by on Thu, 07/31/2008 - 20:17

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I am curious to know how you were charged the $19.95? Was it included in your payment to the PDL? The reason I ask is that I found out, quite by accident, and from the phone company, that I had something similiar attached to my home phone bill. I never knew how it got there but they insisted I had signed up for the service. The phone company called them while I was on line and read the riot act. They agreed to cancel the contract and refund the 3 months worth of charges on my phone bill. Can't be too careful when dealing with anyone these days.


lrhall41

Submitted by llw1995 on Fri, 08/01/2008 - 05:46

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No, there was no payment to PDL. They never deposited the money, because I called them and then faxed sign document they emailed me before. So there was never a loan. Authority ID simply debited my checking account. The account showed their phone number, so I called them. I tried to search the Internet, but there's NOTHING on them. I don't think they have a web site or anything. Now, after I called Authority ID, they immediately offered to cancel the service (duh...) but no refunds. If I didn't cancel they'd charge $19.95 every month. Yet, there was no signature, no contract, no confirmation - just a little checkbox on a loan application from a different company - which still, I left blank! The economy is having problems, so most people who have to work for their money are having problems = field day for loan sharks and scammers (which to me are pretty much the same breed of people). I just don't understand how some people can feed on problems and misery of others. I mean, the natural feeling I have when I see people in need is to help them if I can, not to push them down even more and make their problems even worse. If someone is applying for a payday loan, than it is clear he or she is having financial problems and paying additional money for a service (if I can call it a service) they don't need is out of question. Yet, these people don't mind to take the shirt off your back. Family, your life, your dreams - that is nothing to them. You are just an easy access to money they would never be able to earn with a regular hard work. Sorry for the rant, I just truly HATE people like these. To call them bottom feeders would be an insult to all bottom feeders everywhere.


lrhall41

Submitted by on Fri, 08/01/2008 - 06:21

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The post above is mine, forgot to sign my name

To clarify - the Autority ID check box was not on paychecktoday web site, it was on a 'payday loan matching site'. Unfortunately I do not remember the name of it. I don't know if this matching site, paychecktoday and Authority ID are somehow affiliated, but given that they tried to in fact go through the loan with my signature seems to be the same tactic that Authority ID used. So I guess, it is the same entity, hiding behind three different services - matching site, payday site and ID protection site. Well, I hope they are the same, otherwise it would mean, that this scheme is even more common than it would seem.....


lrhall41

Submitted by on Fri, 08/01/2008 - 06:31

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I just don't get it.

What you are saying sounds like you signed up for a loan and accepted some offers that came along with it.

So now you are upset that you accepted certain offers at the time you signed up for a loan?

It is not your fault? Give me a break! You did it all yourself.


lrhall41

Submitted by on Mon, 08/04/2008 - 13:37

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I fell pray to the same scam through Jeffreysgrantblog.com

Thank you for listing the Authority ID phone number!


lrhall41

Submitted by on Sun, 03/08/2009 - 13:26

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kfstaff24 is exactly correct. With the explosion of the internet, the scammers now have the ability to work their "magic" without ever being seen! The only way to combat this is by education. Unfortunatley, as WC Fields once said, "There is a sucker born everyday". If people would just take a minute and study up on what they are doing before they go online to get up to $1500 over night, they would learn that the easiest loans to get come with the most strings and headaches.

We can preach and help, but if people still want something for nothing they will get into trouble. As I have stated before, eliminating PDL's is not the answer and will only increase the problems with illegal lenders.

The key is to go to your elected officials and push for simplified legislation that needs to be duplicated in every state to allow legal lenders to operate under the eye of the states and make it foolish for one to go online and be abused by unregulated, illegal lenders.


lrhall41

Submitted by PDLOwner on Mon, 03/09/2009 - 07:44

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I have been hit with lots of these while applying and NOT accepting the loans. It happens because they have a tiny box somewhere NOT in the terms and agreement box but hidden somewhere else that you have to "UNCHECK" if you don't want the added service.

I have been able to at all times, call the company, and cancel any future transactions. I've been lucky that the ACH withdrawel had numbers attached and didn't have to go through the ACH processor.

I was NEVER refunded the money, but wasn't continually charged the fee either. Leason learned! Some of these companies hide all kinds of stuff in their applications.

I am almost completely out from underneath the PDL mess. NEVER, NEVER again will make those mistakes!


lrhall41

Submitted by on Mon, 03/09/2009 - 15:44

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