Governed by the state of Delaware
Date: Fri, 07/09/2010 - 11:49
They told me that the agreement I signed was to be goverened by Delaware law. Any advice.
Also, I went to PNC bank to get a hard hold on all ACH withdrawals. They refused and wanted to charge me stop payment fees for the three pay day loan accounts that I had open. Has this happened to anyone else.
I thought I saw a light but it seems dimmer now - after the bank fiasco.
LW
Quote:Originally Posted by AnonymousI just called Arrowhead Inve
Quote:
Originally Posted by Anonymous I just called Arrowhead Investment and told them that I have already paid $840 on a $400 loan. I said that payday loans in NJ are illegal. And that the interest I was charged was way above what is legal. They told me that the agreement I signed was to be goverened by Delaware law. Any advice. Also, I went to PNC bank to get a hard hold on all ACH withdrawals. They refused and wanted to charge me stop payment fees for the three pay day loan accounts that I had open. Has this happened to anyone else. I thought I saw a light but it seems dimmer now - after the bank fiasco. LW |
all illegal loans say that.it is utter BS your state laws apply.do not let them tell you different.
I dealt with PNC Bank while getting out of my own PDL Hell. Spea
I dealt with PNC Bank while getting out of my own PDL Hell. Speak with the manager, no one else.
Be honest and explain the situation. Let them know you entered into a loan agreement with an illegal lender without knowing it. You are revoking their ACH authorizations on your account effective immediately. (They wanted to know the amounts that would be potentially debited fraudulently when I spoke with them.) Also remove any money from your account that you can. If you have another account with them (savings etc) and have direct deposit the same day your debit is scheduled, go in and try to transfer the funds at midnight when the deposit goes through. If you don’t have a savings set up, do it now.
Type up a letter to the PDL (template can be found on this website) revoking their authorization. Fax it to the company immediately. And call to verify they received it. They will try to debit your account on the due date anyway. (at least most do) At this point you need to go into PNC again and file paperwork due to fraudulent activity on your account. They’ll refund your money and return the transactions to the PDL’s bank. With the fraud statement filed with your bank, they will refund NSF fees to you. As soon as you can get a zero balance on your account, close it!
Last, but definitely not least, contact anyone and everyone whom you pay through your checking account via automatic payment. Let them know you’ve had fraudulent activity on that account and are in the process of closing it. You can try to ask your employer for a paper check for the next couple of paychecks until you get a new account set up if that is doable for you.
Good luck. It can be done, you just need to speak with the right people at PNC and be persistent.