Need some advice on checking account problem
Date: Mon, 11/03/2008 - 18:39
I need some advice on something going on with the checking account I closed when attempting to resolve my payday loans.
I went to close the account and some of the payments were being debited. This was before the bank put a fraud hold on the account. They advised me to leave it alone, let the payments be returned and file a dispute (since I revoked authorizations) on the charges and the NSF fees that hit would eventually be refunded to the account. Well, the account went over 500 dollars negative. In the meantime, I filed the paperwork and waited to hear something. They said to allot 60 days.
Before the time was up - they send the account to collections on the total amount negative. Now I'm fighting a different department who seems to totally ignore all the documentation I have stating that I followed the guidelines as they stated - and they are wanting me to pay off this amount which is totally made up of nothing but NSF charges from the transactions I disputed. They are now saying I can't dispute transactions that are returned....and have left the fees.
Today they sent me a letter offering to settle for 75% of what is due. Should I fight this further? I want to - I did everything asked of me, but I also want to preserve my ability to have a checking account, etc. Particularly since my husband's name is on the account and he is an innocent party. The payday loan fiascos are my issue and it's only right that he isn't harmed by any damage I've done to my own credit.
Any thoughts?
I have found the following information relevant in the thread ht
I have found the following information relevant in the thread http://www.debtconsolidationcare.com/paydayloan/nc-pdl-laws.html#390018 : -
[quote]Close your account asap, if you are unable to close your account, go into your bank and ask to speak with the Branch Manager, tell him/her you need a hard debit block placed on your account immediately! Explain that you are revoking ACH authorizations from unlicensed/illegal companies, and have learned these companies are notorious for ignoring revocation, therefore it is important to BLOCK any withdrawal attempts on your account to protect your interest. This is your privilege, do not accept no for an answer. The following link will provide you important information regarding closing accounts. CLICK HERE
What next?
AFTER your account is secure send each pdl (the unlicensed and illegal) an email similar to THIS (please scroll down to locate letter template). Tailor this letter to your needs, and try to write it with the same basic concept in your own words. You will need to research and locate email addresses/physical addresses if you don't already have them, I suggest that you type the name of the pdl (example: "oneclickcash address") in the search box in the upper right hand corner of this forum. You may also search for addresses HERE at the Better Business Bureau.
File complaints: Most of the time, you can file a complaint online with the following, I encourage you to follow through with doing so, you will need to search the Internet for your state Attorney General's website, however, here are links to file complaints for the FTC, Online complaints: Federal Trade Commission., and the BETTER BUSINESS BUREAU.
Keep in mind that you may not receive a response for days, or even weeks, or, you may receive harassing and threatening phone calls. I have found the best way to deal with this is not to respond or reply, simply hang up.
Side note: If you have paid an illegal/unlicensed payday lender above and beyond the principal amount you borrowed, it might be a good idea to demand a refund and a paid in full letter/receipt. You may or may not get one or both. It still doesn't hurt to include that tidbit in your letter.[/quote]
