Need some help in Texas.

Yes PayDayOne is legal. I am in the process of dealing with them now. I sent them an ACH revoke letter and they are honoring it (although I had already closed my checking account). They will make payment arrangements with you after you are past due.

So closing my account and letting them go past due is the correct next step?
Once it is past due then do I contact them to set up payments?

Yes, I would close your account first, then send them an email saying your having financial difficulties and had to close your account and have to revoke thier ACH priveleges and request to make payment arrangements. PayDayOne will probably not make arrangements with you until after you are past due, so you can contact them again after that.

I am pretty sure CashNetUSA is legal as well and I think they will do payments as well.

Cashnet USA is legal and yes they will make payment arrangments.

Well I contacted Bank of America asking about that account freezing so only deposits would go through and they told me there was no such thing and they also told me that I needed to just try and work it out with the PDL ppl to get them to stop debiting my account because there was nothing they could do.
I asked about just closing the account would it automatically open back up when they try to run something through and the lady didn't have an answer to that! So basically they are telling me that I need to just let them do it and if anything bounces oh well add that to the list of extras to pay!! WTH is with these ppl!!

Okay first BoA can be hard to work with. Even if you close the account when the ACH hit they will open it back up.

You have to be clear that it is to close and not reopen.

Many posters here have had major problems with them. The only way that some were able to get help was to file a complaint with the OCC. My best advice to you is to speak directly to a bank manager. Do not take no for an answer.

You have the legal right to revoke any ACH three days before it is due to post. Write up your letters to the illegal PDLs. You can find an example here. Scroll to the 13th post to find it. Change the information on the letter to reflect your information and state laws. The letter includes the ACH revocation and wage assignement revocation statements.

Take them to the bank with the federal law that states you can revoke the ACH. You can find that here under 3(c).

Tell the bank manager that you have been dealing with these illegal lenders and although you have sent them those letters they are still debiting your account illegally and you want it closed down to stop them. You want it frozen solid. No ACH withdrawls what so ever from any company. Be prepared to sign an affidative to the facts they are illegal and and illegal withdrawing from your acount.

Do not take no for an answer. Demand they close it. It is your right and if they don't you are going to report them. Be ready for them to deny your request and give you the run around. Stand your ground.

Also read this.

BoA are horrible when it comes to these things. You really have to go in loaded with every piece of paperwork you can find to get them to do what is your legal right to do.

I have written up my letters and printed out the law to take to the bank.

Thank you so much for all your help I REALLY appreciate it!!

Hanna you said:
You have the legal right to revoke any ACH three days before it is due to post. Write up your letters to the illegal PDLs.

What if these places are not actually "illegal"?? I still send them the letters correct???

I am sorry. I thought you had illegal ones. For legal lenders you just need to send the ACH revocation statement. It is actually in the body of that letter.

If you send it to both companies three days before the loan is due to post then they should not debit. But if you do not have enough time then write up the revocations and then take those to the bank. Post date them for three days ago.

Okie dokie Hanna!

Thanx a bunch for all your time and advice I really appreciate it I will send out the letters via fax, email and snail mail

I have a PDL in Texas with The Cash Store and need any information possible. I am at a point that I can't pay anymore without taking out another PDL. $281 on $1375. is a lot to have paid since 7/08.

The Cash Store is legal in Texas. I belive they are registered as a Credit Service Organization, so the PDL laws do not apply to them.

I suggest trying to call them directly and explain your situation. Maybe you can work out a reasonable repayment plan. Best of luck to you :wink:

I have my letters done up and ready to be faxed and emailed but I have been waiting and hoping my child support would be in my account before I sent them because its too late to stop the direct deposit.
I HAVE to have the letters emailed and faxed by Wed to make the 3 day time period.

It is bad enough I am unable to stop my direct deposit for my paycheck on Friday but I dont want to lose my child support too....
BOA will NOT close the account and guarantee me that it will stay closed and they will not put it on deposit only what should I do?? I want to scream I am so stressed out!!

Any input would be great!!
Oh yea the letters are going to 2 legal PDL

Did you take all that info to BoA that I posted 6 posts up?

You need to be firm and have all your information. Tell them you sent the letters but they are still debiting.

Yes I took it all with me and the manager told me there was nothing he could do since BOA doesnt place accounts on deposit only blah blah blah.
He said the only thing he could do was put a stop payment on the charge which will cost me 35 dollars and as we all know wont help if they change the amount by 1 penny.

I guess I will have to chalk this up to stupidity on my part and hope for the best next month.

I have contacted child support and placed a stop on direct deposit and I have also contacted my HR to stop direct deposit I just hope it goes into affect soon since I get paid weekly.

I guess I will just send the letters to the butt heads and they can do whatever they want to with the account hey if they run something thru today I know it wont go thru since BOA will return something if your a buck short and boy will it be more than a buck short unless they hit it on just the right day LOL

Lesson learned and boy was it an expensive lesson.

I know you are giving up but you really need to close that account.

It will come back to haunt you one day when the PDL takes all of your money out and BoA won't reverse the transaction.

You need to go back and demand it be closed. Not froze or deposit only but closed.

You can file a complaint with the OCC.

I recieved a reply back from PaydayOne and they will honor my request to stop the ACH to my account but have not heard anything from CashnetUSA and I sent to them 1st so I dunno.
I am now going to send a email to PaydayOne and ask for a EPP and hope it works out.......Lord I hope this all works out and I can get payment plans with both places I just gotta get through this and finish this last stretch thru school and things will start looking up.

I will go back to BOA and to the main branch office instead of the lil one by my house and speak with the bank manager
I will bring them I copy of all my stuff along with the reply from PaydayOne .......Hopefully that will do the trick.

Thank you sooooo much for all your input and advice I truely appreciate it and I will keep you posted!!

Well crapola that last post was from me I forgot to log in LOL

Long day at school today :sun:

Good luck with the main branch and the other PDL.

Take the notice you sent to cashnetUSA with you as well. LEt them know you are afraid they may debit even though you have revoked the ACH.

Keep us posted :)

Okay I got email from CashNetUSA...

Dear Kimberly XXXXX,

Thank you for choosing CashNetUSA as your trusted online lender. At this time
you do have a payment due on 5/08/09 for the amount of $276.29 for the extension
fee. Also since you stated that you did not want to use your bank account please
contact our customer support team there available 24 hours a day, seven days a
week to help answer all your questions via phone, email or online chat
concerning different payment methods.

CashNetUSA Customer Support
Phone:(888)801-9075
Fax:(866)326-5265
www.cashnetusa.com

Was this email not helpful enough? Please click here
http://cnuservice1.questionpro.com to share your comments with us.

Now here is the thing....... I never requested an extension on this but once again its saying extention grrrrr

and since it says different payment method does that mean they won't ACH me to death???

It does sound that way. I would email them back to confirm and to ask what payment options they have.

Many do moneygram but will also accept a prepaid visa card.

I will be writing them to ask what payment options they have. But I will also be asking how come I keep getting these "extentions" when I havent asked for any!

This is why ppl can't pay this stuff off!!!

When you call tell them you do not want an extention you want an EPP or Extended payment plan.

Well here is the update....

PaydayOne did like they said and they stopped the ACH and CashnetUSA said they were going to but I got a email from them thanking me for payment even though the BOA account was suppose to be closed?? Go figure HUH

I emailed PaydayOne explaining my situation and stating that I am unable to continue to pay the crazy interest and would like to make payment arrangements.

I got a reply from them stating that they understand and will settle for the following payment arrangements.
Payment (1) $194.91 due 05/15/09
Payment (2) $194.88 due 05/29/09
Payment (3) $194.88 due 06/12/09
Payment (4) $194.88 due 06/26/09

All that on a 600.00 loan?? and I hadnt missed a payment until Friday??
I dont know about anyone else but do they not realize ppl have rent to pay and kids to feed.

Any advise as to what to do now??

I checked with BOA and according to them nothing attempted to come through the account and its still closed so I dont know what CashnetUSA is talking about?? And I havent gotten anything back in reguards to my request for a payment plan.

Now PaydayOne I am still trying to come up with a way to pay these nuts off to get them off my back but I dont know how I will do it with the payment arrangement they want....

Should I pay off CashnetUSA 1st since that is the least amount then worry about paydayone??

So many questions.

Deal with the one you can first.

I had the same problem with Payday one. I could not afford the payment plan. They have now sent mr three emails with settlement offers. The last one I did accept but they claimed it expired and wanted payment in full again.

I again tried to make payment arrangments and I never hear back. It is frustrating as I want the debt gone.

I am hoping they will send another setttlement offer so I can pay it and be done.