Something Every Defaulter Should Realize

Wow! That's certainly good information to know. I've seen many posts on this forum of people who have done exactly that, closed their bank account and opened a new one thinking their money is safe. I actually don't have problems with payday loans, but I have several credit cards that I am in default on. Please tell me that they don't also have the right to seize my bank account money!

Only the Government can seize your money. The others have to take you to court to get a judgment.


Please read the Sticky in the Pay Day Loan forum about- What to do before you close your account, it will help you understand what is legal and what is not.

Anyone that comes here with comments about taking your money and using your ss number is to be questioned

First off, 'lurkingcollector', thanks for tipping us off to where you work. Or at least the industry in which you work.

Second, you need to check your facts before you go around telling people you're going to take the money from any account with their social security number on it. If you had the ability to do so, many more people here would be in much more dire straits than they are now. The fact is that you only have authorization to take money from the account number you have been given - unless there is some written contract somewhere that states you have been given full-out access to any account number at any bank in any state with the ssn in question. With most PDL companies - especially the illegal ones, there isn't even a contract to begin with, let alone one with such a liberal clause in it.

If you represent a legal, licensed PDL company, operating under the law, you would still have to have permission to access a bank account.

I'm locking this thread before it turns into a mess - I see nothing valuable in leaving it open, since the OP has come here in an attempt to deceive our members and guests. Mods, I suggest any future posts by this individual be locked or deleted.