Revoked ACH Authorization Yesterday
Date: Wed, 12/29/2010 - 05:36
The letter wasn't hard to write (with tips from everyone here!), I put together 7 of them yesterday and faxed them out. If anyone would like to use it, this is the letter format that I used:
Company Name
Company Address
Phone:
Fax: [COLOR=#333333]
[/COLOR][FONT=Arial][/FONT]
Date:
[FONT=Arial][/FONT]
Loan Contract #:
[FONT=Arial][/FONT]SSN:
[FONT=Arial][/FONT]
To Whom It May Concern:
I hereby revoke any and all ACH debit authorizations with your company and/or any of their affiliates from debiting any of my personal banking accounts, per Federal law, Regulation E Section 205.10 Preauthorized transfers. Additionally, I revoke any authorization to automatically charge my credit/debit card which may be on file with your company. I also revoke any and all wage assignments I may or may not have signed with your company.
All contact should be made through US Postal mail or email only. I will need everything in writing to keep accurate records of all communications.
Signed________________________
907. Preauthorized transfers
(a) A preauthorized electronic fund transfer from a consumer's account may be authorized by the consumer only in writing, and a copy of such authorization shall be provided to the consumer when made. A consumer may stop payment of a preauthorized electronic fund transfer by notifying the financial institution orally or in writing at any time up to three business days preceding the scheduled date of such transfer. The financial institution may require written confirmation to be provided to it within fourteen days of an oral notification if, when the oral notification is made, the consumer is advised of such requirement and the address to which such confirmation should be sent.
yeah,but being as this is an illegal lender they won't adhere to
yeah,but being as this is an illegal lender they won't adhere to the letter,and will try to debit your account dry if you haven't secured,or closed your current account.please tell me you have.if not do so asap.
As Paul stated, I sure hope you have closed your account. I ha
As Paul stated, I sure hope you have closed your account.
I have emphasized so many times that whoever used my thread "How To Deal With Illegal Lenders" to PLEASE follow the steps and do not skip any. So many times people will skim through it and skip THE most important step of all, and that is to close their account, but then they hurry and send the letters out before closing the account and the next thing you know the illegal lenders are hitting their accounts, which causes an enormous amounts of NSF charges and more headaches than are necessary. I don't know how to be more clear about how important it is to close your account BEFORE sending any letters out.
I can only add my voice to what paulmergel and Shazzers have sai
I can only add my voice to what paulmergel and Shazzers have said; please, get that account closed or if you can't do so because of an incoming deposit, put it on complete "deposit only" status until you CAN get it closed. And if you have any other questions regarding how to deal with the PDL's, this is the place to ask. Please keep us posted.
Chase doesn't allow for deposit only status... Nationwide Cash
Chase doesn't allow for deposit only status...
Nationwide Cash took out the full amount from my account this morning...which I expected. I called Chase and they cannot dispute the transaction until it posts to my account (still pending transaction), so tomorrow I will dispute the transaction and hopefully get the money back. I won't hold my breath however.
I can close the account after the dispute is complete - and am going to do so gratefully. I really dislike banking with Chase...I have only banked with them for about 8 months, but have paid hundreds of dollars in fees to them.
On the bright side? VIP Loanshop didn't try to hit my account for their usual payment :)
