PA Payday Advice

sorry, i'm in pennsylvania and they are ALL internet companies

All payday loans are ILLEGAL in PA....close your account asap!! Call your 24/7 customer service line and report your account has been compromised. You owe principal only...no fees, no interest.

my bi-weekly direct deposit gets deposited overnight tonight. i don't want/or cannot go without that money.

Your bank should be able to redirect that deposit to the new account. At least mine was able to as well as reroute my debit card to a new account. They would only do it once for the pay check and after that you would need to provide your employer with your new info.

so not only did TD Bank tell me that payday are NOT illegal in PA, but they are also unable to hard block payday transactions.
i'm unable to close my account because the payday fees have put me negative.
so i was told by the branch manager all i need to do is make the account in good standing and they can close the account.
if i had money laying around to make accounts correct, would i have even been looking for payday loans?
she also told me that they would be unable to forward my direct deposit tmrw to a new account even if i made the current account good and then closed it.
so apparently, TD bank invests in payday companies and i'm stuck in this cycle of negative balance each paycheck.

Bankers are not lawyers....they have the wrong information...Take the correct information in to show them.

Did you do an ACH revocation and take copies of those to the bank?? "Hard debit block" is not a banking term (I worked for both Wells Fargo and TD.).I really dont know who came up with this stupid term....you can do an account "deposit only" but I worked in banking and never heard of hard debit block. Even googling it does not come up with a definition or rules concerning it. Only credit type boards use it and I have discouraged repeat posters NOT to use this term.
With an ACH revocation the bank MUST reject payments if you revoked the privelege...that is federal law.

As with most banks, an account cannot be closed by the depositer unitl it is brought positive. If you do not bring it out of the negative quickly, the bank will close it and report you to chexsystems.

just got off the phone with TD's 24/7 assistance. more bs. they can't hard block any debits since i gave these companies my account & routing #.

i can't close the acct because it's negative, obviously it will be negative again after more payments are taken out tmrw.

i can request a stop payment for each transaction for $30 apiece. and it will only work if i have the exact amount for each, if i'm off a $1 either way it will still be processed.

these forums tell me to get a hard block on any debits to my account, but TD bank says that isn't an option no matter the standing of my account.

READ WHAT I JUST WROTE!!!

You need to revoke ACH revocation with each PDL....then submit a copy of each revocation to the bank.

I hereby revoke any and all ACH debit authorizations with your company from debiting any of my personal accounts, per Federal law, Regulation E Section 205.10 Preauthorized transfers. I have closed my account with the {bank name} to protect my interest in this matter, per instructions from the _______ Department of Finance. I also revoke any and all wage assignments I may or may not have signed with your company, I no longer authorize you, your company, or your affiliates to attach any part of my wages or contact my employer for your collection purposes. I have notified my employer about this matter so any attempts to do so on your part will be rejected.

TD like all other banks must abide by Federal law.

TD 24/7 just told me they can't do ACH revocation because i supplied these companies with my routing/acct #.

all i can do is request stop payment for $30 apiece.

BS...it is FEDERAL LAW!! Go into a branch....talk to a manager., Take copies of your ACH revocation that quotes the federal law. Tell the branch manager to look it up if necessary.

ok, i'm going to the bank again this morning to try and get this resolved once and for all.
i'm afraid the stop payments i placed will do no good unless i get the account status changed today. they will continue to attempt to debit my account i'm sure.
should i take anything along besides copies of the ACH revocation letters i've made?
my account is still negative, all TD would do for me was stop payments for $30 each (6 times, for another $180), AND I WAS TOLD THAT THEY MAY OR MAY NOT ACTUALLY STOP THE PAYMENT FROM POSTING????? fees charged regardless
anyway, i asked about turning off overdraft coverage and putting the account into deposit only and i was told that was possible, but i would continue to get charged $35 NSF fees for each debit submitted until i was able to close the account.
please advise on the best way to proceed and what exactly i should be asking for?
i went without paperwork and was told firmly that there was nothing that could be done for me. this was at the branch that i opened the account.

look up the EFTA(electronic funds transfer act)print that up and bring it with you.

as an update, no luck. unreal.

i took an ach revocation for each PDL along with me, along with the PA state laws & a printout of the dealing with unlicensed lenders sticky from this forum on what to do.

at first the branch manager said they can put my account into freeze and only allow deposits until the negative balance is cleared (less than $300). direct deposit every other Friday is more than triple that amnt.

then he had to call a TD tech to get the freeze applied and they informed him he couldn't do that because i signed an agreement with these companies and it looks like i just dont want to repay them. 4 of the 8 i owe less than $50 on the principal. 3 others have recv'd 1 or 2 payments. the last one doesn't have the first due date until next Friday.

on a side, there has been over $400 of bank fees between overdraft paids and stop payments that they would not give me any back since i had a $70 bank fee credit back in the beginning of this year.

so all that happened, was he removed my overdraft points from 200 to 0 so nothing else will get approved, and told me i SHOULDN'T get any returned fees for anything else submitted.

He also opened a complaint with the CIR dept asking for a freeze and said he could call me once they have a determination in the next day or so.

my question is this, how am i the only one that can't even get the bank account closed. these companies are finding out today or tmrw that the payments have been returned and i'm sure they will submit another debit.

HOW WOULD I EVER GET THE BALANCE CLEARED UP?

Why have you not gotten your paycheck taken off direct deposit yet? At the very least you can make sure you get your check then go settle up with the bank to close the account instead of allowing everyone to keep charging your account freely.

that's what i plan on doing for my next paycheck.
should i send the PDL anything at this point without a secure account?
they are beginning to email/call about the latest payments getting returned.

once the account is secure/closed send the templates in the sticky titled(dealing with illegal lenders).never send them a thing until they acknowledge they are illegal,and the amount you truly owe.not what they claim,and send money orders only after that and they give you an address to send payments.also if you are behind on other bills pay these on your time and terms,not theirs.

finally recv'd paper check for first pay period after cancelling direct deposit.

TD bank would allow me to close the account, but the branch manager told me that for up to 60 days, any transactions drawn against the old account i will still be responsible for.

then i asked her if she heard of ach revocation, and she said yes, but they do not allow with payday companies because of that high # of revocations that they would need to place.

so everything this site is telling me to do, i havent been able to accomplish any of it.

i didn't deposit the check and i'm still flat broke.

i'm afraid that the second i deposit it, a few random paydays come through and take the positive difference between my check and negative balance account.

in the last 5 days, there have been 3 or 4 random payday attempts and they were all returned (for $35 each). my acct is negative $550, and i can easily add up $800 in fees since Dec 1st. I asked for a refund on the fees today and I was given (1) $35 fee reimbursement, thats all I was eligible for.

TD Bank is definitely not even close to a convenient bank, let alone the most convenient. This branch has led me to 3 different customer service reps and they have all been less than helpful.

the first told me PDL are indeed not illegal, the 2nd told me the CIR dept would freeze my acct and get in contact w/me (found out today he is now unemployed).

for one do not deposit anymore money into the TD bank.find a currency exchange and cash it there.then you file complaints with your state DFI(dept of financial inst)and your AG against this bank as they are violating a federal law the EFTA.you send copies of all your papers.the ach revoc forms and anything this piece of garbage bank gave you to back you up.do that and find a credit union in your area as they will open an account for you.

I suggest you call or send a letter to the CEO of TD Bank and explain your situation and the lack of customer service you've received. His name is Bharat Misrani.

Toronto Dominion Centre
Toronto, Ontario M5K 1A2
Canada

Phone: 416-982-8222
Fax: 416-982-5671

cashed the check through a friend's account at another bank.

TD is now at negative 750 with more returned PDL's. As an added bonus, some of the PDL companies put their debits in as 2 separate transactions (1 for interest, 1 for principle) so I get 2 fees for the same company taking their 1 payment. TD cannot those down to 1 fee each (or so they say)

my question for now is what should i do about the PDL companies until I get some sort of resolution with TD?

I've so far ignored all phone calls and emails. they have all been sent to collections at this point. it's been 2 or 3 payments returned on each by now.

none of them have been notified that i know they are illegal and i'm only willing to pay the principle. 3 of those are less than $50 left on the principle amount.

what should i do about the PDL companies until TD is resolved?

2 of them contacted my employer today demanding i contact them.

I would continue contacting the lenders and telling them they're unlicensed, illegal and you will only pay the principal. Have you filed complaints with your AG? Also, what exactly did your bank say? Did you file fraud disputes on these charges? Did you ask to have the account switched to deposit only? What have they done for you?

no TD will not make my account deposit only because the balance is negative. i asked to revoke ACH privileges and had a letter with me for all 8 companies.
the TD rep would not even look at them and pushed them back to me. telling me i can't revoke ACH privileges to a company i signed a loan contract with.

she is the branch manager at the branch i opened the account a few years ago.

she said that because i signed a contract with these people, i am obligated.

i said they are illegal, she said they do not get involved in PDL any longer.

they said i can't file fraud because i agreed to these contracts. the one visit the rep actually called the CIR dept and said they were fraudelent, but they still wouldn't make the account deposit only.

she also said even if i satisfied the negative balance and then closed the account, any debit coming in against that account for up to 60 days, i would still be responsible for.

i am filing the complaints today with AG.

one visit, a different rep attempted to freeze my account and make it deposit only and he was told we can't do that for a negative account, it looks like i took these loans out and don't want to repay them.

i firmly stated that it appears you have the interest of other companies instead of your client (me) in mind. they have made at least $1,000 of fees off of me since this mess.

what a crock business banking is. they loan money they don't have to people and then charge fees on top of it. anyway off topic for now.

other posters in this thread told me not to say anything to the PDL companies until the TD account is secure, which is still is not.

negative 750 and random PDL attempts come in daily and get returned (at $35 apiece)

so now i'm supposed to notify the PDL companies i know they are illegal and unlicensed even without a secure account?

is anyone willing to get on the phone w/me while i visit the branch yet again? because i ask questions and get a quick response like it's fact, full well knowing they are wrong, but they don't listen to what i say. they continue to say no, thats not true, no you cant do that.

or, can you tell me exactly what to say and request. I went with a folder full of paperwork and ACH revocations and nobody would even look at it. they told me i was wasting my time trying to get out of these debts.

you contact your AG and your state DFI and not only file complaints,but ask them about what you need to do to sue this piece of sh*t canadian bank.yes sue as it's obvious they don't care about not only your state laws,but US FEDERAL law as the EFTA is a federal law.everything they stated was a bullsh*t excuse not to close the account,and to bend you over in fees.file the complaints,and look into a lawsuit and i would not contact TD again until you have a plan in place to sue them.a good contingency lawyer will get this done for you.time to start getting serious here.

The Office of the Comptroller of the Currency is the banking regulatory agency to whom you should complain.
You can file an online complaint with their customer assistance group here.

go to the link in ohiogal's post above.file the complaint asap.i would still look into the lawsuite though.just keep it in mind.

i appreciate the feedback and advice but nobody is telling me what to do with the PDL companies for now.

yesterday, they contacted my brother (lives in a different state, not listed on any application), my dad, and 2 different people at my employer. (12 person company, in which i supervise 8 of them).

should i send them the ACH revoc. letters to let them know i know they are illegal and unlicensed?

complaint filed through the link from ohiogal

did you file AG,AND FTC complaints against the lenders?if not do so immediately.if you have file follow-up complaints.handle the pdl's that way.

Here's the problem. Sometimes lenders will abide by your ACH revocation and stop debiting your account (PlainGreen is likely the only one that will do that for you).

With others, when you send ACH revocation, they get worried they won't be able to get their hands on your money anymore and they hit your account for the full amount they believe is due. Sometimes in one debit, sometimes in several. And, if returned, they will do it over and over again.

So, it's really up to you if you want to risk it. I think you should call the PA Dept of Banking and explain your situation to them. See if they can help you with this issue you're having with your bank and/or the PDLs.

Call them:
1.800.PA.BANKS. (1.800.722.2657)

ok i will call the PA dept banking now and file follow up complaints

i don't mind them harrassing me, but i want them to stop calling other people about my financial business.

what is the quickest way to that? they are leaving voicemails at my work on the general 800# for me to call back, this is mypaydayloan.com, etc., etc....

just called 800 # from ohio gal

was informed that they are not the regulator for TD bank. must contact the office of the comptroller, she gave the #, i am calling now.

she did say that payday loans are illegal and they should not be lending in this state and i should not be taking them out.

well that office is the least helpful of anyone i've talked to at this point.
she told me to search the site for the laws and she isn't allowed to say anything until my case # is responded to.
i asked 15-20 questions and her answer was the same to each. she isn't allowed to give me advice.

filed complaints for each PDL with the PA AG.

please let me know anything else I should do at this point in time.

thanks again for the help

I would go ahead and revoke ACH auth for PlainGreen. Also revoke wage assignment.

got a call from World Group today stating that SDS processing has filed charges against me for check fraud and something else.

what should i do with them? they want $400 something, but could waive a fee for $250.

if not, he said i will be served.

i have not yet waived ach or wage assignments with any of these companies.

filed all the complaints and no response from any of them

15-20 calls/day easily. now they called 2 of my family members today from worldgroup.

td bank is still negative ($1000) and not secured and about to be closed within 20 days.

what should i do here?

should i send the wage assignment letters to each company at this point? i want to stop that before it starts.

still no secure bank account, but i'm receiving paper checks and getting by.

i just want to ensure i continue to receive my full paycheck

any ideas on this and the post above?

It sounds like you may have already verified your information over the phone (DOB, SSN, etc). If you have done this (and this needs to be verfied by an expert) I believe that you have in effect, validated yourself as owing the debt. If you have not done this yet, when you do get a phone call, do not verify any of your information and ask whoever you are speaking with to send you a letter. Most likely they won't as this is an illegal debt. Threats to serve you are most likely just that-threats to get you to pay. Even if you are served with legal papers, all you have to do is show up to court and inform the judge that this is an illegal loan on which you have already overpaid. However, since these are illegal companies, there will most likely not be any court hearing sent, these scumbags for some reason that the threat of being served is enough for people to cough up money.

If you have not done so already, send cease and desist letters to the company or companies so that they stop contacting you and your family. If they are releasing specific information to your family about your circumstances, file a complaint with the FTC.

I hope this, along with the other information on these boards, helps you. These companies will try to say you're being reported for check fraud and everything else. These are loans and are a civil matter, not a criminal matter. Securing a loan with checking account information is much, much different than going to a store and writing a hot check for $1000 (which in most states, would constitute check fraud). There have not been debtor prisons since around the time of the Civil War. The most they can do is hurt your credit, which (from what I've read on these boards) is unlikely being as they are illegal.

Hang in there and this will be resolved. Look on the brightside, you have your paycheck back.

rocky,except for the first part your info is good as always,but just by confirming that basic info(DOB,and their name plus last four of their social)doesn't mean they owe a thing.now as for TD bank.let them close it.then you can work on paying that down in due time.to confirm yes this place that called is a lawbreaking bottomfeeder that broke the law with their threats.

td bank account finally appears closed. i can no longer login online.

should i now send the ach & wage revocation letter to each payday company?

i just want to make sure i can continue collecting my full paycheck.

i thought you already did send the ACH,and wage assignment revocation letters.do so right away.