Bank issues - had to close my account b/c of identity theft

Did you file a police report for the identity theft?
And, have you gone to the bank in person? Ask for someone higher up...go there if person, and tell them if they need more paperwork, you are there to do it, and that you need this done immediately.

I went to the bank several times. It's like I'm getting the runaround..

I'm sorry for all the stress this is causing you. I know many of us here can empathize because of unauthorized withdrawals from loan companies.

Hopefully you can quickly get your deposit back. I wish you luck.

I hope so too. I've been waiting on my money since January 12th.

You've been waiting since January 12th??? If you haven't already, I would file a complaint with FDIC or NCUA (whichever one the institution falls under) because they should not have held your money this long. In an investigation, I think Reg E allows 30 or 60 days (can't remember which) for the matter to be settled. Either way, it's been more than 60 days. You should have received your money back, period.

And for your son's therapy, have you contacted a state agency for assistance with that? I ask because my son is mildly disabled, and he receives therapy through the local school district at no cost to us. Feel free to send me a private message if you would like.

Dana

That's what I was thinking Dana. She can receive some assistance from state agencies.

BTW, did you file police report when the ID theft occurred? I think the copy of police report is enough to prove your situation and your bank should honor it. Contact someone with higher designation, hopefully your problem will be solved soon.

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P.S. do you have payday loans?

kbraveboy,

bankersonline.com/regs/205/205-11.html

Ok, your bank had 10 days to investigate, and that could be extended out to 45 days max. Have they sent you notice of their investigation findings? And did they give a provisional credit for the unauthorized withdrawals?

More on the therapy- as far as I know, according to what level of therapy your son needs (speech, occupational), at age 5 your local school district provides therapy. And your son may also be eligible for Medicaid through your state; in many places Medicaid is offered to children with disabilities, when financially the family wouldn't otherwise be eligible.

Collectcorp does this.

curlycarl, yes i do have payday loans. why?

Your first post is quite similar to those who have payday loans. Increasing NSF charges, overdrawn account are the signals of payday loan, that's why I asked you the question.

How are you handling them? Have you consolidated the payday loans? Are they internet payday lender or store front lender?

the payday loans are what i have now. before it was an upfront loan scam that wiped me out.

Payday loans are very very costly and they often break usury laws of state. Are you current with your loans? Try to get out of it ASAP.

That's easier said than done. Just living on one paycheck supporting family of 3. I feel like my world's falling down around me.

Most payday loan companies charge unfair interest rate and financial charges. Are you aware of that? Do you know if your lenders are licensed to do business in your state? Brose this forum for more information.

Where do I browse to see if they are licensed in SC? All of them are online payday loans.

Well, I can pretty much guarantee that none of them will be licensed in the state.
Payday loans are under SC code 34-39-110. License is required, just as is the holding of a paper check.
http://www.scstatehouse.net/code/t34c039.htm

Limit of $300 loan, interest of 15%. No other fees allowed. I don't know of anyone online companies, except paydayok, that charge only 15%.
The companies operating without a license in SC could be charged with a class B misdemeanor, fines of up to $1000 per incident (per loan, per overcharge of fees)

I would also file written complaints with your state attorney general and dept of consumer affairs. They can file suit against the companies, if enough people complain.

Will I get anything in return for all of the trouble, even though I was the one that applied for the loans?

If the AG files suit, I would say they would press the company to refund overpayments. That is what happened in Colorado, when the CO Attorney General's office sued Quikpayday.

At the least, you might be able to get the rest of your loan forgiven, so that it's one less thing for you to worry about repaying right now. That is just by sending letters to Quikpayday, but having complaints with your state forwarded to the company on your behalf will definitely help your cause.

The bank is still holding on to my deposit. I have contacted BBB and FDIC. Don't know what to do anymore. I hate to sound so pitiful. Any donations will be greatly appreciated.

Hi kbraveboy

Have you send copies to the local Attorney General in your state. You can also involve them in the process. The complaints don't go unheard. It's just a matter of fact that we have to be a bit patient on this and leave it on time. Trust me! Everything will be fine.