I have payday loans based in NJ and my bank won't let me close acct

Well, explain to your bank that this debt has been paid the company continues to debit your account.

Most banks are pretty nice about this stuff.

I have told them but they told me I need to contact them to stop it from their end.

Is your account overdrawn??

Read THIS for important info on closing your bank account.

What bank do you have?

Guest, Have you went to the bank manager and dicussed the situation?

I would be honest and tell them you have some payday loans that you have discovered are illegal (fraud) and that they continue to withdrawl funds even after you have paid the loan.(fraud)

Maybe if they get the whole story they will be willing to help more.

I have went to the branch and I have called customer service. My account is way overdrawn and I have Bank of America

I have told them I had a payday loans and I have paid them but they continue to withdraw money out. They told me to try to contact them and they have to stop it on their end. They said the only thing they can do is put a stop payment on the amounts but not on the company. Because of these companys I have over a thousand dollars of NSF fees. I am on my last rope with these bank.

Oh Gawd, BOA is the worst to work with. We have another member who is going through the same thing with them.

The only advice is to be persistant. Call corporate and tell them there is fraud on you account and that your local branch will not help you freeze the account.

They have a put a stop for the amounts they saw on my account but the companies are still attempting and are putting different amounts. I don't know what to do.

I just found this. Contact these people and demand they help you.

This has been confirmed to be successful for many victims of BOA???s over draft fees. The CEO of Bank of America???s address is:

Mr. Kenneth D. Lewis
100 N. Tryon Street.
Mail Code NC-1-007-18-01
Charlotte, NC 28255

In the letter to the CEO, all you have to do is to state the reason why you have so many over draft fees and tell him that as a loyal BOA???s customer, you hope he can help you!

And there are other methods to reach BOA???s executive customer relations.

Executive Customer Relations general line: 704-386-5687

Nancy M. Condos
VP/ Customer Advocate
Executive Customer Relations
Office of the Chairman
[email]nancy.m.condos@bankofamerica.com[/email]

Martha Dominguez, Executive Customer Relations :
714-792-4264

Corporate Headquarters (Bank of America):
Bank of America Corporate Center
100 North Tryon Street
Charlotte, North Carolina 28255

Thanks Pugs. I hope they are able to help because this is getting out of hand.

I figured it was BOA :x

I looked at some comments on the site I got that infor from and they said the 704 number worked the best.

Good Luck!

You might also want to inform the bank manager that New Jersey law specifies the penalty for unlicensed lenders making loans to NJ residents is forfeiture of the principal amount! You are under no legal obligation to pay the lender. Morally, this is another story. But it appears you have paid back the principal in full with outrageous PDL fees. New Jersey law also sets a 30% per annum usury cap on all small loans. Once, you get clear of this mess, please give Bank of America the boot. They are the absolute worst.