Need HELP in Alabama for payday loans
Date: Wed, 07/28/2010 - 16:08
Zip19
National CS
Alpine
Brighton FNL
ACE Cash
yellowdale
National PDL
ABC
I have got to stop this Friday from coming out of my account. I have read all sorts of things about not closing your account or it could get you in big trouble. Then I have read to close the account. Can I stop payment on these? Can I send each of them a letter tomorrow stating that I revoke the ACH authorization and will that be in enough time to stop them? I get paid tomorrow, so I planned on going and withdrawing the money and just letting everything hit on Friday but then I will get hit with a large overdraft? Any suggestions, I am drowning here. I get no sleep just worrying about all this. I do want to pay them all off, but I just can't keep paying the interest. Any suggestions? Thanks
Your bank will probably charge you for every stop payment on eac
Your bank will probably charge you for every stop payment on each lender, instead, exercise your EFTA rights and revoke all their rights to debit your account, per regulation E, if you fill out a formal dispute with the bank, you will need to name each lender individually but at least you can stop any debits this week, which will buy you time to figure out what you need to do to resolve this altogether.
I am doing some research on your lenders, will get back with you and let you know what your legal rights are and how to proceed. :)
Internet payday lenders are required to be licensed in your stat
Internet payday lenders are required to be licensed in your state in order to be legal, you can check the link below to see if any of your lenders are legal, but I don't think they are:
http://www.bank.state.al.us/ADPSA_Licenses2.asp
CLICK HERE to find out how to deal with illegal lenders.
Thanks Shazzers. I have sent all of the loan companies the lette
Thanks Shazzers. I have sent all of the loan companies the letter revoking authorizations from the template you had on here. Going to the bank now. Really appreciate your help and responding. I will never, ever get myself into this mess again. I just want to get them all paid off and start over. Thanks again for all of your help, from what I could tell, none were legal in Alabama. Hopefully I can start sleeping some. Thanks again!!
All of the debits went through anyways even after I notified eac
All of the debits went through anyways even after I notified each of them in writing that I revoked their rights. All of them bounced, so now my bank has charged me with NSF fees. I disputed all of the charges but now the bank won't refund the NSF fees until I give them a letter from the companies that they received my notification and could not stop the ACH in time. Likely won't get that from any of them. Only one has responded that they are willing to work with me.
Quote:Originally Posted by AnonymousAll of the debits went throu
Quote:
Originally Posted by Anonymous All of the debits went through anyways even after I notified each of them in writing that I revoked their rights. All of them bounced, so now my bank has charged me with NSF fees. I disputed all of the charges but now the bank won't refund the NSF fees until I give them a letter from the companies that they received my notification and could not stop the ACH in time. Likely won't get that from any of them. Only one has responded that they are willing to work with me. |
Did you revoke the ACH's with the bank also as instructed in the illegal lender thread? Print out copies of the ACH revocations that you sent to the lenders and take it into the bank and show it to the branch manager (no one else will do). You really should have closed your account BEFORE you sent out those letters, I was very specific about that in the illegal lender thread. You must follow it step by step, if you skip a step this is the kind of thing that happens. Go back and re-read that thread, you should have notified your bank about the revocations also.