PLEASE HELP....Payday Loans in MD

Date: Wed, 03/30/2011 - 09:34

Submitted by dtkreimer
on Wed, 03/30/2011 - 09:34

Posts: 5 Credits: [Donate]

Total Replies: 7

I would love any help possible. Between my husband and I we have 14 payday loans. I have sent out the C&D letters requesting refunds since we have paid most of them more then what was borrowed and when we went to the bank to close the account the bank gave us a really hard time and now we just got a letter stating that account is in the negative because there was something pending the day they were going to close it and they had to wait and now some of these are still hitting that account. I went to sign the affidavit with the bank and I took the letters showing that I had told the companies to stop all ACH withdrawals and they told me that if they do an investigation and find that I signed agreements with them then they will come after me and it could mean jail time. I am scared and not sure what to do.....

Are these online PDLs? I suggest you enlist the help of the MD

Are these online PDLs? I suggest you enlist the help of the MD Commissioner of Financial Regulation.

Department of Labor, Licensing and Regulation
Commissioner of Financial Regulation
500 North Calvert Street
Suite 402
Baltimore, MD 21202
Hours of Operation: 8:30 a.m. to 5:00 p.m.,
Monday through Friday, excluding holidays.
Telephone Number: (410) 230-6100
Fax Numbers: (410) 333-3866 or (410) 333-0475
E-mail Address: [EMAIL="finreg@dllr.state.md.us"]finreg@dllr.state.md.us[/EMAIL]

lrhall41

Submitted by OhioGal1 on Wed, 03/30/2011 - 10:02

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Yes they are all online PDLs. I have emailed them and we had a l

Yes they are all online PDLs. I have emailed them and we had a lady respond back and since the email response we have played phone tag.

lrhall41

Submitted by dtkreimer on Wed, 03/30/2011 - 10:26

( Posts: 5 | Credits: )

MD and TX are probably the best states you can live in when it c

MD and TX are probably the best states you can live in when it comes to fighting these PDLs. You'll be in good hands with the Commissioner's office.

lrhall41

Submitted by OhioGal1 on Wed, 03/30/2011 - 11:49

( Posts: 5253 | Credits: )

I'll second what OhioGal said; contact the dept. of Financial Re

I'll second what OhioGal said; contact the dept. of Financial Regulation, they are a LOT of help. I'm surprised that your bank is taking such an attitude. Is the account still open w/ a negative balance? If so, can you at least put it on a deposit only status until you get the negative balance cleared up? (make sure they won't charge you for returned ACHs'). But please, DO try and get in touch with the Financial Reg. Dept., it's worth the time and effort.

lrhall41

Submitted by on Thu, 03/31/2011 - 07:43

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PS; when you went to the bank, did you speak to the manager abou

PS; when you went to the bank, did you speak to the manager about what was happening? If not, try again and talk to the manager.

lrhall41

Submitted by on Thu, 03/31/2011 - 07:45

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Thanks for all the advice and positivity. I am so frustrated and

Thanks for all the advice and positivity. I am so frustrated and just have no idea what to do next. The account is still open I cannot close it until the negative balance is cleared up, Yes I did speak with the manager and he was the one giving me the most attitude and telling me that they dont offer a deposit only account. I will try again to get in touch with the Commissioners office tomorrow. I just wish I could get some of these companies to issue refunds.

lrhall41

Submitted by dtkreimer on Thu, 03/31/2011 - 15:11

( Posts: 5 | Credits: )

Is there any way you can bring the account to a positive status

Is there any way you can bring the account to a positive status - and then close it? You can continue your fight with that bank, but at least your funds will be safeguarded - in another bank.

lrhall41

Submitted by aubrey on Thu, 03/31/2011 - 15:25

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