I need help with my Payday Loans!

Also I was told that even if I close my account it can be re opened during the pending close status which can take up to 30 days. What do I do???

Stopping payments wont stop an illegal loan. You need to put an ACH block and close the account. You need to talk with your branch manager.

PaydayOne and Check n Go are legal in your state.
They both offer an extended payment plan, but you will need to ask for it.
Soaplady is right, closing your account is the only option that will totally stop the illegal lenders from accessing your account, stopping payments will only work temporarily, they will then debit your account under a different name, CLICK HERE to find out how to deal with illegal lenders.

I realize closing my account is the step to take. My only concern is if I close my account the lenders that I do want to pay will (such as the legal lenders Check n' Go and PayDayOne) also have their payments rejected. Am I supposed to give them my new account number, I really dont want to do that! I really dont want to default on the payday loans that I can get a EPP set up or make other arrangements (but how should I pay them if I close my account and open a new one without defaulting). I have opened a new account and plan to close the other one today. I have spoke with the bank (Bank of America) and though I put stop payments on the three illegal accounts, but once its closed how do I keep them from re-opening my account and charging to it again!? My bank said that they cannot put a hard stop on all ACH's. Instead they can put stop payments on them if they are unauthorized. The bank also mentioned that my account could be reopened if any transactions came to the old account while its in the pending close status. The deposit only option that someone mentioned, would this stop it?Thank you so much for the replys.

Just found this on Lakota Cash...I am dreading the phone calls I will get tomorrow after they dont recieve payment. Would you suggest sending them an email once my account is closed to inform them that I revoke all ACH transactions from them in a letter such as the ones on this site. Or should I wait until they dont recieve payment?Terms & ConditionsNotice: A short term loan provides the cash needed to meet an immediate short-term cash flow problem. It is not a solution for longer term financial problems for which longer term financing may be more appropriate. You may want to discuss your financial situation with a nonprofit financial counseling service in your community. You will be charged additional fees if you renew the loan. AGREEMENT TO ARBITRATE ALL DISPUTES: By signing below and to induce us, Payday Financial, LLC, to process your application for a loan, you and we agree that any and all claims, disputes or controversies that we or our servicers or agents have against you or that you have against us, our servicers, agents, directors, officers and employees, that arise out of your application for one or more loans, the Loan Agreements that govern your repayment obligations, the loan for which you are applying or any other loan we previously made or later make to you, this Agreement To Arbitrate All Disputes, collection of the loan or loans, or alleging fraud or misrepresentation, whether under the common law or pursuant to federal or state statute or regulation, or otherwise, including disputes as to the matters subject to arbitration, shall be resolved by binding individual (and not class) arbitration by and under the Code of Procedure of the National Arbitration Forum ("NAF") in effect at the time the claim is filed. This Agreement To Arbitrate All Disputes shall apply no matter by whom or against whom the claim is filed. Rules and forms of the NAF may be obtained and all claims shall be filed at any NAF office, on the World Wide Web at www.arb-forum.com, or at "National Arbitration Forum, P.O. Box 50191, Minneapolis, Minnesota 55405-0191." If you are unable to pay the costs of arbitration, your arbitration fees may be waived by the NAF. The cost of a participatory hearing, if one is held at your or our request, will be paid for solely by us if the amount of the claim is $15,000 or less. Unless otherwise ordered by the arbitrator, you and we agree to equally share the costs of a participatory hearing if the claim is for more than $15,000 or less than $75,000. Any participatory hearing will take place at a location near your residence. This arbitration agreement is made pursuant to a transaction involving the Indian Commerce Clause of the Constitution of the United States of America and the laws of the Cheyenne River Sioux Tribe. It shall be governed by the Federal Arbitration Act, 9 U.S.C. Sections 1-16. Judgment upon the award may be entered by any party in any court having jurisdiction. This Agreement To Arbitrate All Disputes is an independent agreement and shall survive the closing, funding, repayment and/or default of the loan for which you are applying. NOTICE: YOU AND WE WOULD HAVE HAD A RIGHT OR OPPORTUNITY TO LITIGATE DISPUTES THROUGH A COURT AND HAVE A JUDGE OR JURY DECIDE THE DISPUTES BUT HAVE AGREED INSTEAD TO RESOLVE DISPUTES THROUGH BINDING ARBITRATION, UTILIZING THE PRINCIPLES OF FEDERAL INDIAN LAW, THE INDIAN COMMERCE CLAUSE OF THE CONSTITUTION OF THE UNITED STATES OF AMERICA, AND THE LAWS OF THE CHEYENNE RIVER SIOUX TRIBE."AGREEMENT NOT TO BRING, JOIN OR PARTICIPATE IN CLASS ACTIONS: To the extent permitted by law, by signing below you agree that you will not bring, join or participate in any class action as to any claim, dispute or controversy you may have against us or our agents, servicers, directors, officers and employees. You agree to the entry of injunctive relief to stop such a lawsuit or to remove you as a participant in the suit. You agree to pay the costs we incur, including our court costs and attorney's fees, in seeking such relief. This agreement is not a waiver of any of your rights and remedies to pursue a claim individually and not as a class action in binding arbitration as provided above. This agreement not to bring, join or participate in class action suits is an independent agreement and shall survive the closing, funding, repayment and/or default of the loan for which you are applying."

NAF is not handling consumer claims
http://www.debtconsolidationcare.com/settlement/about74515.html

CHEYENNE RIVER SIOUX TRIBE..http://www.debtconsolidationcare.com/creditors-information/thread81752.html

Your bank MUST honor a hard black ACH revocation per EFTA, regulation E. Go into the branch and talk to a manager.

For your legal loans....call them and tell your check book was stolen...or something like that.

I have dealt with both Check 'n Go and PDO. They are both very agreeable to payment plans. You simply need to call them before your payment is due and make arrangements. I wouldn't give them your new account info. Do you have a debit card? I think they will both take payments that way.

How does this sound?? I am so scared of closing my account and having it re opened. So ready to go today and try to get this account closed for good!Dear Bank of America Branch Manager,Due to numerous unauthorized ACH debits from my Campus Edge account, I am closing my Bank of America campus edge account ending in 4021 effective 09/16/2010 & do NOT authorize any transactions past the date of 09/16/2010. I have opened a new account with Bank of America and in subsequent do NOT authorize any new ACH payments into the new MyAccess Checking account ending in 2825 or the regular savings account ending in 8430. In addition I do NOT authorize the re-opening of the Campus Edge account for any reasons and any other ACH/service fee attempts to obtain money from my account, as they are not authorized to do so. Regards,Debt Samaritan- I do have a debit card and I will make sure and contact the lenders to arrange payments through other means. Perhaps a debit card will work. I am not to worried about PDO or Check n' Go as I have heard great thigns. Its these illegal pdl companies, I am afraid of them draining me through unauthorized debits and bank fees for re opening. Yikes!

I don't think sending a letter to the branch manager is the right thing to do. Go into the branch and talk to him/her. Get them to close that account and assure you (in writing) that no further transactions can reopen the account. Tell them the situation and make them deal with it!

I was told to take a letter in with me such as the one I created above, speak to the manager and get them to notarize it and close my accounts. Do you suggest just asking them once I get there for our agreement in writing? I want to make sure I present myself in the correct mannor.

You could take your letter in, if that's the purpose for it. If anything in your letter is edited or changed during the conversation, I'd ask for a new agreement in writing. Someone at the bank could quickly type up an agreement and notorize it.

Thanks for the advice, I will let you know what happens after I make my visit to the bank today. Fingers crossed.

So my bank was able to place a deposit only on my account while I am filing claims against the illegal pdl lenders. I have a new account now, though I will not pay my other legal pdl out of my account I am to leery about this happening again. I found that Walmart has a prepaid debit card for three dollars you can pay bills with. So thats what I will be using from now on. Now I am working on letters to the illegal pld lenders and trying to set up EPP's with the others. Not sure what the law is on CSO lenders in Texas, who I got pay day loans with through online....

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I defiantly wont be sharing that info though so far the one l lender I explained my situation with wouldn't give me another payment option. They told me they had to have my payment rejected before they could arrange payments. This lender is First Cash Advance, I got the loan online and the rep I spoke to told me I couldn't pay my loan storefront as they didn't function the same. Is it possible this lender is not legal? does anyone know anything about First Cash and their online loans?

Also they wouldn't let me pay via debit card, only from a bank account. They kept asking me when I would open a new account....

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I'm dealing with lakota Cash LLC also. Does anyone have a contact number, email address or mailing address for them? I have nothing on these guys and I haven't heard from them either.



Thanks!

Well I am wondering if since this was online it was through a third-party lender. First Cash Advance is legal as a CSO in Texas, though online through them I am not so sure. Especially when the rep couldnt tell me why I couldnt go pay in store. Sounds fishy to me, but then again I really dont want to default!

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Yes, I did stop payments with them. I haven't paid in over a month. I have paid the entire principal amount borrowed, but I expect I will be hearing from them soon.

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