Need more help PDLs Ohio

Can't your bank put your account on a hard feeze where nothing can go out. Are they telling you you can't close your account because it will be forced open by the ACH withdrawls or is it in the red?

You can't succesfully do a stop payment as the PDLs will change the amount and there name and just come right back at your account. I would go there and meet with the branch manager to discuss your options. Explain that you have paid these back and this is unauthorized. You have the right to revoke ACH withdrawals at any time.

bj...these were internet loans correct?? The only problem with stop payment orders is that they can only be for 1 specific company and 1 specific amount. Many of the internet lenders...especially the non-legal ones--when they can't get through they will turn around and send it through again for a different amount or under a different name. Even though your account works by being forced open they should still be abelt to put a hard debit block or deposit only status on your account to give you more protection.

Your next plan of action would be (Uusally after account is closed and your money is safe) to send each lender a letter revoking their right to debit your account, revoking any wage assignments, asking for a paid in full statement and/or offering the balance of the principle you still owe. But the account has to be closed first or they will cotinue to try to take the money out. They rarely actually listen to our requests...

The stop payments will not work. These pdls have so many different names that once they find out you stopped payment they will put through another ach using a different name and amount. The onky way to stop it is to close the account or out a hard block. They will use so many different names amd amounts that it is impossible to stop paymnet on them

Great minds think alike!!

Yes we do we all posted together

we must have all posted about the same time!!

I asked my bank about the possibility of the pdl using another name to collect. they said to contact them if that happens. i have to have a checking account because my employer only does direct deposit.
i changed my social security check to paper check.
i am starting to feel that i can't beat this now. so what is the use.

Contact the bank?? Will they reverse all the charges ?

Kashzan, bank said we can deal with that if it happens. does the abk charge a fee to freeze/block debit?

They shouldn't charge for blocking the account or closing it for you. Are they saying if the ipdl changes their name or debits for a different amount that they will turn it away??Or reverse the charges?? If that is the case than you should be ok ...for now. Somehow though you will have to open another account. These pdls can come back months and months later to try to recover what they think you owe. That is why we recommend that you close the account completely and change to a different bank. Please don't think it's hopeless...many of us have been through the same things...that's how we know what works and what doesn't...keep going ...you will get out of this!!

It definately will happen, and you need to find out what the bank will do. If they keep accruing charges it will cost you a fortune.
Morning is right, you need to close the account. You will never be free of them. They have come back after a year and debited from some members who have kept the accounts open, also from some members who had paid them

my bank only does stop payment. do i call pdls or email them. what do i say to them. i have morally paid back all that was borrowed plus some interest.

Then change banks. You can not put stop payments on PDLs. They use nmany different names and will even change the amounts to get your money. If they find out you stopped payment, they will just put thru anothey ach or even a paper check under another name and they will clean you out. Why can't you close your account. Unless you do , you will never be free from these guys.

I am on social security and work part-time one or two days a week. they cannot touch my social security. what goes into the bank is from my part-time job. I am confused that you keep insisting that I close my account when they can reopen it anyway and then the bank would charge me fees for insufficient funds. If the pdls change name or amount I would easily recongnize it. If I am threaten by the pdls to have my wages garnished I will just quit my part-time job.
What is the U. S. Government doing about this illegal pdls. Are these pdls money launders?

I will do a stop payment on my other 2 pdls today and also make arrangement to close account. that should take care if they try to use another name or amount. it is starting to dawn on me the consequences of doing all of this. just bare with me if i appear a little reluctant.

Please do not do a stop payment on the PDLs. It will not work and you will be paying the bank a fee to do this. PDLs use many different names and once they see that you have placed a stop on one of them , they will use a different name to put the debit thru. Also they will change the amount. Sometimes they will even put a paper check thru. So you see that a stop will definately not work.The only safe way is to close your account if you can or have the bank put a hard block on the account. Dont waste you money trying to stop payment. You neber know what name or amount to put the stop on, as they will change it to get it to go thru.

I just was reading another thread and you advised to contact employer to stop any of these pdls getting your paycheck. do i need to do this also?

Some if thenm may send a wage assignment to your employer. This is something that they may have had in the contract. It is STRICTLY VOLUNTAR, and you maty revoke it . Just send the pdls a letter saying I (name) hereby revoke any and all wage assignments that I may have signed for you or your affiliates.

my bank said closing account won't stop anyone reopening it. i did stop payment on my 4 online pdls. they won't freeze it or credit only it. they have the attitude that i made this problem not them. the next debit from them is scheduled for 12/21. do i wait until the pdls contact me? my part-time job does not do paper checks only direct deposit. when i get through this pdl ordeal i can have a direct deposit on a visa prepaid card. i am feed up with banks now.

As I posted above, stopping payment will do no good at all. These companies will just debit using a different name or a different amount. They will just debit every day .They will not stop . A stop payment will do nothing at all.You should set up another account for your paycheck at another bank. Did you speak to the branch manager at the bank. Yes they can put a hard block , or deposit only on the account.
Forget stopping payment. You have paid for 4 stop payments that wont help you. They sometimes even put thru paper checks to get their money.

yes, i spoke with the branch manager. first i called customer service. i was told that they do credit only, but the branch manager said no. i could close the account but it could be reopened. i can't win here. branch manager does not even want to talk to me anymore.

Do nit give up. They need to do something .You will be collecting nsf charges right and left if the account is going to be forced open. These companies will debit all day every day. Who is above the branch manager? Go to anyone you need to go to. How about the fraud dept?

i transferred my paycheck to my savings account. i have not used my checking account. so if anything comes in it will be one of the pdl using another name. so what can i expect from SSM, USFastCash, Crown Lending and EDESCO (?).

Are you sure your bank will not link your savings to your checking.
What about all the fees that you will be getting? will the bank reverse them. You will wind up owing the bank tons of money.

i have talked to different poeple in customer service. they are the ones that did the stop payment. i even spoke with their counseling dept.
i can close account but that will not stop someone reopening it. i am reading some of your other threads where even with a new account the pdl took money out just this last week.

maybe the bank is also the bad guy. i think they want the collect nsf fees.

i have to go off internet now. i'll be back tonight.

It is very rare that a pdl gets a new account . Happens but very seldom, and usually because the person took out another loan and put there new info in. These guys are so related, its hard to tell who you are dealing with.