Payday Loan Question

No they cannot threaten you with arrest or any of the things they say! Find yourself an attorney that will sue them and only get paid when you do. These are egregious violations of Federal and State laws. Be aggressive! Fight back! You can do this on your own by sending a cease and desist letter to the collector along with a debt validation letter, but if you have an attorney there is nothing better. They must stop contacting you and they will because it is not worth their time to deal with a lawyer. Most collectors will pay the settlement out of court and move on to softer targets as they are basically scavengers. It is their cost of doing business! Go get em!

Can I do that even if I've already scheduled to pay them? What I'm wondering is if I can take the step back and call them to tell them they can no longer debit my account for the money.

I want to add, I know it's the right thing to do to pay a debt I owe, but they totally screwed me. I counted the hours until I had to pay it back (a week) and I called them to debit the money and they never did it. It's so odd to me. I've never taken out one of these loans before and my debt is mostly medical bills and credit cards that I've unfortunately lived off of when I was younger. I thought this would be easy.. (I've read what some people go through WRT taking out these payday loans).. but this is absurd. I checked with my bank back to 2008 and no debit was taken from the company. There was 200 taken from an ATM it looked like, and I must've thought that was them debiting. My mistake.

At this point I'm kinda broke. Can I just take jotted down notes of my phone conversation to a lawyer with no money and start something? These people need to pay for harassing people like that. I can only imagine the more broke, old, helpless, scared people they've dragged down. This guy told me I'll be paying a thousand if I don't pay the 250.. and now he has my debit info and is gonna take it from my checking account on the 24th.

I seriously feel violated. Ugh. Thanks for the reply. = )

An update for anyone interested.
I sent an email to these people listing all of the wrongdoings and laws broken when their employee was dealing with me over the tele. I also called and revoked permission to debit my account. The guy was really rude and mean and I told him to shut up and confirm that my request would be honored. He asked for my lawyers name and number. I told him if he wants to press further he can meet my lawyer .. in court.

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shazzers is correct the only way to be safe is to close your account.

Oh no!! I assume that would cost me money to do that.

My brain is super scattered.. this is so stressful.

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I owe you all a million. I'll be sticking around this forum to learn and help others. I appreciate it so much.

This is what I'm doing tonight.. Emptying my account. I called the bank and they said a hard block just means i need to call the number on the back of my debit card ("report lost or stolen") and they'll put the block on it immediately and tomorrow i must go sign paperwork in person. She said i can write myself checks in person at the bank and that's it. So my husband is going over right now to take out our money. then i'm reporting the card stolen. is it right that they can still do something where they withdraw the money as though they're using a check?

I will go in person tomorrow to discuss with the bank manager. for tonight i'll be keeping my money stashed under my pillow.

the problem is that our paychecks are auto deposited from work on 12/24 so i can't close my account yet. i'll be over there at 9am that day to clean it out and close it for good. i would like to totally freeze everything until that day, let the paychecks go in, get them, and close it and move on.

i hope "payday loan" is the right term i'm using. it was a one-time loan for 200 bucks a year ago that i got off the internet.

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Shazzers- okay, I wasn't sure.
I just reported the card stolen. can they force the acct open or try anything else?

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re: forcing open my account. Ya mean the bank? i'm joining a credit union the first of the year.

Shazzers-
You're right. Thanks for giving me a hand with this. I'll open a new account at the local credit union tomorrow afternoon and have my paychecks rerouted to there beginning the first of the year. There's nothing I can do IRT closing my account until the 24th, as my employer is fixed to send my pay there on that date and I can't update it until my next pay cycle. I guess I'll go to the bank tomorrow and insist nothing come out of my account until I come in to close it on the 24th when I take out my paycheck.

I assume once I close it, it's closed? I vaguely recall seeing that someone closed their account only to find the bank still honoring these "lenders" request for money.

I got an email back from LMK & Associates after I demanded confirmation that they won't debit my account:
(Letterhead, with their and my address, claim #, etc)
"This letter is to inform you that our office will close this account as unpaid and is under review with the Sr. Council. This will therefore close the above mentioned account as "UNPAID".

However, no payments will be run on your debit card and all of your information will be destroyed."

and that was it. I assume it's over now...(although I intend to keep the hard block and close my account in a few days when I can do that)

Has anyone gotten a letter and STILL had them mess with their account? I just imagine them doing that to me and then making up tons of checks to run through because they hate my guts. I'm hoping I scared them because I told them in writing they were reported to the BBB and others and then I listed their offenses of PDL laws and said that if they agreed to leave my account alone and confirm they would, I would not press charges. I also said I'd get a notary for the next letter. : P

Hello

i recently got a call from cmk through my girlfriend who i put down as a reference when i applied for a loan through eagle financial. She called me and gave my the number. I called and they told me i owed the loan amount, plus atty fees and court fees. I told him i paid my loan off through a collection agency. They told me i have to verify it. I found the letter stating that i'm paid in full. I called them the next day and them the account number and the amount i paid. They told me that the account isn't correct. I told them i have a letter stating that i'm paid in full. He told he doesn't know about the letter and i will have to settle this matter by 2.m. Or they will proceed to sue me. I called the place that i orginally paid the bill to. They told me has far as they know my debt is paid in full. She also suggested i fax the letter to them and write a leter to seize and desist. So i know what you are going through. Also i called me about one year after the loan.

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