Ach revoke & Wage Assestment?
Date: Mon, 05/17/2010 - 20:40
Yup, check out the following link. There is a template in post#1
Yup, check out the following link. There is a template in post#13.
http://www.debtconsolidationcare.com/paydayloan/illegal-pdl-dealings.html
Thank You: I am still looking for the wage assessment cancellati
Thank You: I am still looking for the wage assessment cancellation form
She meant post #1. Here's the info from the thread that Shazz po
She meant post #1. Here's the info from the thread that Shazz posted. There really isn't a "form"; you just need to inform them that you're revoking ACH debit permission and any wage assignments you may or may not have signed. You need to also supply a copy of the letter to your employer and your bank.
Zip is a pain in the behind. You have to be persistent. You have to file your complaints. They will, eventually, concede, but you MUST keep at them.
[QUOTE=Shazzers;700131]I would send them emails and you can elect to also send a letter to each of them USPS certified return receipt. Try to write a letter in your own words stating the following information:
-You are revoking wage assignments
-You are revoking ACH authorizations to any of your personal accounts. (you may want to include a copy of the EFT laws below)
[QUOTE=]Electronic Funds Transfer Act
907. Preauthorized transfers
(a) A preauthorized electronic fund transfer from a consumer's account may be authorized by the consumer only in writing, and a copy of such authorization shall be provided to the consumer when made. A consumer may stop payment of a preauthorized electronic fund transfer by notifying the financial institution orally or in writing at any time up to three business days preceding the scheduled date of such transfer. The financial institution may require written confirmation to be provided to it within fourteen days of an oral notification if, when the oral notification is made, the consumer is advised of such requirement and the address to which such confirmation should be sent.
(b) In the case of preauthorized transfers from a consumer's account to the same person which may vary in amount, the financial institution or designated payee shall, prior to each transfer, provide reasonable advance notice to the consumer, in accordance with regulations of the Board, of the amount to be transferred and the scheduled date of the transfer.
[Codified to 15 U.S.C. 1693e] [/QUOTE]
-You are aware they are illegal and unlicensed to lend to consumers.
-Demand they cease communication with you other than USPS or via email.
-Demand they not contact your employer, family, friends, or any of the references listed on your loans. (Be aware that the Federal law regarding cease communications only applies to a third party collector, however it never hurts to add this anyhow.)
-Inform them you will pay back the principal amount of the loan ONLY, via USPS with money orders only.[/QUOTE]