Can they do this?

Date: Sat, 02/21/2009 - 13:10

Submitted by anonymous
on Sat, 02/21/2009 - 13:10

Posts: 202330 Credits: [Donate]

Total Replies: 5

I got a $600.00 payday loan in December. I don't dispute I owe it. My life has gone steadily downhill since that time, and I had to close my checking account and start over. I contacted a company called PDL Assistance to help me with my many payday loans. I sent a "financial distress" letter to Nationwide. SOMEHOW they managed to get my new account number, which was at a different bank, and withdraw $1100.00 all at once. I am broke now, and distressed. I called my bank, but today is Saturday, and I got their customer service team who said they were 96% sure they could get these debits returned. I am not so sure. They came through yesterday. Can Nationwide DO this? In no way shape or form did I authorize these withdrawals.

Luckily I got a family member to cover the $1100.00 until I can get this clear. I paid other bills, and multiple overdrafts are exactly what I DO NOT need!

Thanks,
CM

I am so sorry to hear this and I hope you get your money back.

I am so sorry to hear this and I hope you get your money back.

Did you apply for another loan or any internet transaction using your new account? Are you paying any other lenders out of this new account? Some of these PDL's are so closely related if one has your information they all have it.

Please keep us posted on this, I would really appreciate knowing how this happened.

lrhall41

Submitted by kfstaff24 on Sat, 02/21/2009 - 13:28

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What state are you? I think Nationwide is an illegal company.

What state are you? I think Nationwide is an illegal company.

I would definatly dispute the charges with your bank.

lrhall41

Submitted by nohiogal on Sun, 02/22/2009 - 01:50

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What's a "financial distress" letter? Either you revoked their

What's a "financial distress" letter? Either you revoked their authorization debit your accounts or you didn't. Without knowing what you put in the letter, it's imposible to tell whether you can file a fraud affidavit at the bank.

lrhall41

Submitted by on Sun, 02/22/2009 - 20:28

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When ever you get a pay day loan in the fine print which most p

When ever you get a pay day loan in the fine print which most people dont read is a clause that says "you authorize them to withdraw money from any account you have now or will have in the future. "
how they got our new account is a whole other story

lrhall41

Submitted by on Mon, 02/23/2009 - 09:23

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Since they already have your SS # and other personal information

Since they already have your SS # and other personal information, they probably call each bank asking for the account # by stating they just open the account and do not know the account #. And some unprofessional at the bank, gives it out.

lrhall41

Submitted by on Mon, 02/23/2009 - 12:17

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