OK, so you've determined that your payday loans are illegal. What do you do now?
Step 1
First step is to talk to your bank. You'll want to sit down with a relationship manger (the people who have offices or cubicles at the bank) not a teller. Let them know you're revoking ACH authorization for all/any PDLs you have and will supply them with a copy of your revocation letter if they wish, but want to secure your account before any further activity takes place. If you've already overpaid the principal of the loan, fill out fraud paperwork.


