Making sure I am on the right track
Date: Tue, 05/22/2012 - 13:13
1 from ACE, which is paid off now-I believe they are legal here in Texas though, as I think they have store fronts? If they aren't then I will look more in to it and try to get some money back from them, because I know I paid them more than the principal....
2nd was from Check N Go-Again, I am pretty sure they are legal as well. I took out a $425 loan, and still owe them all of it plus the refinance fee, so the total comes out to 532ish. I called them and told them I am revoking their ACH rights, and that I was aware that this would send it to collections, but I can't keep doing this with them and I need to figure out another way to pay it. I also made it very clear that I was not trying to be shady, or hide from them in any way, and what was why I was calling them. They said the only way I would be able to stop them from taking it out of my account would be to close my bank account...I went to my bank (chase), and told them the exact same thing, that I was working to get this taken care of, but needed them to revoke the ACH rights. They responded, telling me that all they could do was put a block on the account, for a set dollar amount, and that if the company simply changed the amount, even by 1 cent, it would still go through because it only blocks that one set amount...I really don't want to have to close the account...I will if I have to, but I think they I am possibly receiving some incorrect information from them....I read on here that this is my RIGHT...Is it different because Check n Go is legitimate?
3rd one is from Cash in a Wink, which I know for a fact is not legal in Texas after doing some research here on this site. $300 from them, refinanced it twice at $90 a pop, so I owe them $120 on it still. Once I pay them the $120, do I just need to tell them that they aren't legal in my state and so that is all I owe them, or what?
I'm about to be 23, and embarrassed that it got to this point, but I am glad that I found this website and am getting this stuff taken care of in a professional manner.
Ace Cash is legal, nothing much you can do about that account. G
Ace Cash is legal, nothing much you can do about that account. Good thing is that you paid them off.
ChecknGo is legal as well. Have you tried working with them to chalk out an extended repayment plan? Its going to hurt your credit score if you let it go into collections. As for the bank account, you can close it at will, its your right. If you want to get this done without closing the bank account, put it on 'deposit only' status.
Cash In a Wink, pay off the principal and revoke their ACH, send copies to the bank as well. You don't need to go through the ACH bit if you open a new account. File complaints with the AG and the FTC if they bother you or try to harass you.
Yeah that's what I thought. When I called Check N Go they kind
Yeah that's what I thought.
When I called Check N Go they kind of just kept telling me that they don't do the repayment plans, and that the collections department would handle it if I closed the account...Like I said I was very honest w them and told them that I wanted to get it figured out.
I guess the only question I have still is can I revoke CNG's ACH rights, or can I not seeing as they are legal and all?? Cuz like I said, I don't want to have to close the account, and I don't want to have to put it to deposit only, either.
Alright, just spoke to another CNG rep on the phone, he was much
Alright, just spoke to another CNG rep on the phone, he was much more helpful. I told him I needed to put a stop payment/Revoke their ACH rights, and he said that on my scheduled day, nothing will be taken from my account, but that it will go to collections and they will contact me.
Now I'm just afraid to leave it like that, because I technically have no proof that this conversation even happened....I really don't want to close my bank account, but Chase will only put a stop payment for a set amount and says they can't just block them out of my account entirely...
Am I going to be forced to just close the account??
The only down side that I can see to that is that then CIAW will put my loan in to default as well and start blowing my phone up. I was going to pay them off next weds thru the same account...I don't want them to have the new account info though, bc they are going to try and get more than the principal out of me. Should I just pay them thru the mail the last $120 that I owe them, but use a certain kind of mail that they have to sign upon delivery??