How To Really Stop ACH and PDLs

Date: Wed, 04/16/2008 - 15:53

Submitted by james
on Wed, 04/16/2008 - 15:53

Posts: 114 Credits: [Donate]

Total Replies: 55

Aside from the information posted in this forum about revoking authorization, there is a way to stop PDLs without having to deal with them. Every PDL uses an ACH Processor, the entity that actually sends their credit and debit files at the end of the day. The processor can be found be contacting your bank about a previous ACH and simply asking them where it came from. This is different from the obvious "who" it came from. They will be able to identify the institution that sent the file your ACH was included in. Contact the processor and inform them that you wish to revoke authorization and vendor "x" is not responsive. Not only will you no longer be ACHed, but you will damage the PDL. Loans can not be sent sent or collected without a processing entity. These institutions are very legitimate businesses that work cross many industries and will not risk exposure. They will stop your account from being touched and go a long way towards getting a PDL thrown out if they continue and have numerous complaints. The lifeline of a PDL is its banking relationships. Threaten those and you will watch them back off. The 2 common processors are Moneygram Intl and Intercept EFT. Good luck.

PDL

Hi, i'm new to this forum. I need help I have 7 PDLs. I have no living family,unfortunatly. I needed help to keep us going. I live in VA. The PDLs are with Quik Cash, Check Smart, Advance America, Check'n Go, 1st Choice, ACE Cash Express, and Cash-2-Go of VA. I want to pay them off, but the interest is too high. Help!!!!

lrhall41

Submitted by on Tue, 04/22/2008 - 19:50

( Posts: | Credits: )

Desperate single mom Hi, i'm new to this forum. I need help I h

Desperate single mom
Hi, i'm new to this forum. I need help I have 7 PDLs. I have no living family,unfortunatly. I needed help to keep us going. I live in VA. The PDLs are with Quik Cash, Check Smart, Advance America, Check'n Go, 1st Choice, ACE Cash Express, and Cash-2-Go of VA. I want to pay them off, but the interest is too high. Help!!!!

Hello and welcome. :) It would be much easier if you would start your own thread mom, that way all your information would be in one thread and easier to keep track of. Once you've started your own thread, please list the following information.
-Names of each pdl
-Whether they are Internet or store front loans
-State you live in
-How much you borrowed
-How much you paid back

lrhall41

Submitted by Shazzers on Tue, 04/22/2008 - 20:04

( Posts: 17344 | Credits: )

Desperate single mom- start a new topic for your issue..please l

Desperate single mom- start a new topic for your issue..please list in your post what state you live in and also list the names of the companies when and how much you borrowed and to date how much you have already paid even if its just the fees.