Help with ala pdl law

Someone will come along shortly and help you determine whether or not these lenders are licensed to do business in your State or not. In the meantime, I would go close my bank account right away so that they cannot get at your paycheck. Also, remember that if these companies are not legal in your State, then you are only responsible for paying back the principal balance and not the interest/fees.

I was thinking of doing that today but I get direct deposit on Wednesday and was worried about closing my account. Also I was concerned about the interpretation of 'check' in the alabama laws-does that include ACH. And I have the two storefronts that I do business with, I cant afford to totally pay them off now (I can renew) but they are holding checks for this account -any advice on how to handle that?

Thanks to all for the advice

Hi, I will return with more information shortly.

True, you don't want to close your account until you have the store front loans paid off due to the pdl laws in your state. What are the names of the store front loans, are they members of the CFSA? If they are members, you could be eligible for an extended payment plan, see the link below to read about the EPP.

I wouldn't focus on the Internet loans right now, I would focus on paying off the store front loans, then you can close your account once you have them paid off. Once you have the store fronts paid off you will need to go obtain a new account elsewhere and close that account. Internet payday lenders are required to be licensed in your state, if they aren't they aren't legal, I suspect most of your online loans are not legal. I have also included a link below of the licensee data base so you can check on these online lenders to see if they are licensed.
http://www.bank.state.al.us/ADPSA_Licenses2.asp
http://www.cfsa.net/public_education_campaign/guidelines/guidelines_extended_payment_plans.html
CLICK HERE to find out how to deal with illegal lenders.

If I were you, I would go into the bank, talk to the branch manager (no one else will do) and request a hard debit block be placed on your account, explain that you have been scammed by some Internet payday lenders who are not licensed to lend in your state.

Thanks I will take care of that with the bank today-they are a small local bank so maybe they will be understanding. Will let you now what happens. Many thanks once again!