Payday Loan MESS

Someone with more info that I will be along; in the meantime, if your bank DID put a hold on your account yet the ACH's are pending, you should get in touch with the bank manager as soon as possible about the situation. Did you put a hold on ALL ACH's from your account, or just the names of the lenders above? Thing is, so many PDL's use so many names, if there's a hold on one name on your account, they might try to use another. In any case, please contact your bank about this.

Pachacutec1 is right, you need to get in touch with the branch manager asap, no one else will do, it must be the branch manager. If your account was frozen those debits should NOT go through.

By the way, you only have one legal lender there, and that is Ace Cash Express. Close your account and deal with the legal lender right now, you can worry about the illegal ones later, but you need to close that account. ACH blocks will only work usually for one debt attempt because illegal lenders are known for changing their names and debiting HUGE amounts repeatedly. CLICK HERE to find out how to deal with illegal lenders.

My branch manager told me to close my personal account, take the cash and open up a new checking account at a different bank. My question is, even if I send the email letter to the PDL, can they still come after me for the cash I owe. There is no way I can pay off all the cash I owe. I can pay off ACE cash express but not all the rest. I was told by my branch manager that they can end up suing me for all the money I owe. Is this true? I live in Texas.

Thank you Pachacutec1 and Shazzers for the useful information!

Thank you Shazzers and Pachacutec1 for the useful information. I am really worried about my financial situation.

Don't be scared of getting sued or anything, if you handle things with fear, you won't get much done! confront them, write letters, do what you need to do but don't be scared or show you're scared, they'll try to intimidate you. just make sure you don't hide from them or it will get worse and annoying, communicate in writing so you have proof of everything. Like Shazzers said, deal with the ACE cash express first, I am dealing with them, I wrote the a letter since their ACH transaction was blocked and they were willing to work with me with payments because I explained what happened. good luck and read through the threads of other persons there's good info. I've learned how to handle my situation by reading other people's posts reather than waiting to get answers on mine, it works!

Thanks Paulie - You guys (and gals!) on this forum really do give a great deal of valuable information and comfort to folks like me and my situation. I will contact ACE this afternoon to get the process started. I can not wait to get out of debt!!!!! Thanks again! ;-)

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It is ignorant people like you that come forward whining that the payday loan industry has downed them. WTF business did you have taking out not 1 but 7 loans totaling nearly 2500.00 that you couldn't pay back as you lost your job. You have defrauded 7 businesses, lied on 7 loan applications. If you had gotten into a cab that you couldn't pay for or eaten a meal that you couldn't pay for you would be arrested. But now, 7 companies who trusted your word that you would pay back your loan and have your signature to prove it, giving you money on pure trust have been defrauded and are now the bad guy.
I think they should sue you, for lying and being a moron and borrowing money you couldn't afford to pay back. Irresponsibility at its worst.

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