Getting Discouraged.................HELP!

bflow, can you get your bank to put a temporary block on so that this paycheck doesn't get sucked out? Will they do that? I know they won't close it for you, but can they at least block it so that Friday you won't be sucked dry AGAIN??? Can't they at least do that? If you have 5 pdl's that are going to suck out money, can you give them the names that they debit from and tell your bank to reject just those debits?

Wish i could help more but what about this thing u can put on ur acct that will ONLY allow deposits?? Not sure what it's called.
I'm sure someone will be along soon to give u some great advice on where to go from here!
Good Luck bf,
Ang

my sister got a hard freeze on her bank account. She told the bank that she wanted all debits, including checks to be stopped. Only deposits could go in and if she wanted to take money out she had to go inside the bank, she couldn't use the ATM. That stopped the payday loans from taking anything out. If you just give the bank the companys name they will use a different name and take out money. So the only way is to put a hard freeze or close account to stop them.

Bflow...did you check out any of the places that Goodah listed for banks?? What about a credit union?? I have heard they are a little less constrictive with opening accounts..There has to be someone you can get control of your money again before they take it all. I know how hard this is...before I closed my account and got my check back I wouldn't sleep the night before or the night after they took all my money..I was a walking zomie..unfortuntely that doesn't help us solve anything..maybe go to a smaller bank and ask to open a new account..even savings...explain the old mark on the system..it's been 5 yrs and pd off!!!! I remember seeing in Goodahs threads there were places that would accept you as long as the od was paid...please check that out.

I think we have a solution! My husband opened a Wachovia acct, we have to mail in a $100 opening deposit and then they will send us checks, atm, etc. The bank is not located here, but, we will set up direct deposit, so, I dont' care if they are located in California!!!!!!!! Next paycheck is ALL OURS!!!!!!!!!!! Thanks for all the suggestions and concerns. My bank really sucks, they won't do ANY OF THOSE THINGS

Good for u bf!!
YAYYYYYYYYY!
CONGRATS!
And i think ur bank if full of it, they CAN do this HARD FREEZE and only accept deposits!!
Ang

Yeah, Ang is right, they could do something . . . . You should ask them what they do when they discover someone is abusing their account - They will freeze it and not allow any other transactions to go through. Ask the bank why they can do it then, but not when it will benefit the customer??? After all, you are only trying to stop FRAUDULANT transactions from going through!

I did send you a list of banks, right? I also know of a few other "internet" bases banks that you could get an account with. If you don't need a branch to go into they would work for you.

Thanks Goudah, I will let you know how this bank works out, the bad thing is it will only be in my husbands name, but OH WELL!!! That works for what we need it for, I don't write checks anyway... besides I have a savings account I can put my check in on Friday when I get the paper one. So, it will work, but NOT for this check :x But then again, everything in steps, it all doesn't happen at once!!! Feeling a little better today!

Great!! I am so glad Bflow...my bank did the same to me but I was able to open a new one the day after I "thought" I closed the other...otherwise I wouldn't have an account either. I am garding this one with my life!!!

Well, they gave me the option of opening another account with them, but, UH NO THANKS! DON'T DO ME ANY FAVORS!!!!

Morningstar - I don't want to scare you - But some banks do sweeps of new accounts - Meaning that if you went and got a new bank account in the hopes of "beating" your old bank's reporting to chexsystems, the new bank may still find it. Some banks do sweeps of new accounts for anywhere between 3 to 6 months. I did the same thing, and 3 1/2 months later my new account was frozen without warning. No access to my money. They sent me a cashier's check 6 weeks later for the balance, minus fees of course.

If the bank you are at uses chex in any way, and doesn't already know you have a chex report, it might be a good idea to open an account elsewhere, just to be safe.

Yeah, and my chex report has every one of those payday loans on it also!!! They also base their decision on how many inquiries were on that report.

Darn...I was afraid of that...that's why I haven't signed up again for direct deposit. For fear my account would be frozen and I couldn't get my money out. It's only been about 2 months with the new bank. In all honesty I wasn't trying to cheat or anything...I truly believed my other account was closed. They never told me it could be forced open. So I guess there isn't anyway to find out if I am on chexsystems other than to pay for their report right?? I think I saw that in a thread somewhere.

ok....what if I out my money into my savings account...would that make it safer???

If the savings account is at a bank that uses chex, and is a recently open account, then no, it could be closed too. If it's an account you've had for a while, then you should be fine.

You can get a free report if you are denied an account, otherwise, yes, you have to pay for it.
Bflow - Have you seen your chex report? How could the payday loans be on it? Chexsystems should only be reporting on the bank accounts, unless something has changed recently . . . .

I got a report since I was denied a bank account and it shows all the payday loan inquiries on it. The last bank I tried for an account actually told me that those inquiries hurt your ability to get an account as well as any charged off bank accounts. What actually sucks about these banks is that if they don't use chexsystems, they do a credit check (not all of them, but a lot) and I don't have real good credit either.

Okay, inquires make sense . . . . The pdl's are checking to see if you have had any bank accounts closed for nsf's or fraud before they are lending to you. I thought they were reporting on it.

And yeah, you are right, the inquires do hurt you. It makes it look like you've been running around trying to open a bunch of bank accounts!

If you want, I can look into your area further and see if I can find any banks that you would qualify for. Have you tried one that runs credit? Most of the time they aren't looking for a score, only to verify your id. I know I had a terrible score, like in the 450's, when i opened a bank account at a credit union that runs your credit report, and I still got an account.

I tried a Credit Union on Friday and they said no. If you don't mind helping me I would appreciat it. I'll pm you where I am located, will that help?

Sorry to butt in but what exactly is Chex??
Thanks in advance,
Ang

Bflow - Yes, that would help. Pm me the info and I can start researching it.

Ang - Chexsystems is a reporting agency that banks use to track overdrawn and fraudulant accounts. If you overdraw your account, your bank can report you and it can stop you from opening an account at many banks for 5 years.

Oh wow now that truly sux! I have overdraft protection so guess im good on that! And luckily with NO pdl's... whewwwwwwwww.... those people are ruthless!
Good Luck bf,
Ang

Even with overdraft protection the bank can still report you if they want to. I've heard of people that got reported because they had 6 overdrafts in a few months, and the bank didn't even close their account. They didn't find out until they went to open another account that they even had a chex report. Legally, the bank can report you for even 1 od. Most don't, but they could. The dispute process is long and difficult, and to make matters worse for consumers, some banks are now reporting multiple nsf's as account abuse, making it look like you did something very wrong.

well, I admit that I had overdrawn on the suntrust acct, but I paid it in full and NEVER received a notice from them or anyone regarding the balance. So, it really sucks that you find it out the hard way.

I agree . . . . It also sucks that even once you pay the balance, the item isn't removed.

If you do owe a bank, and are thinking of paying, be sure to get it in writing before you pay that they will remove the item from chex. Otherwise it is on for 5 years. It will show paid, but that only helps the situation a little.

Yeah. Well, what's done is done. It's there and won't go away for a while. But, I've learned my lesson on PDL's and bank accounts, LOL!

Can you do that?? I will still have to make some type of arrangements on my overdrawn bank account...can I ask that at when the account is paid if full they will work to release me from chexsystems?? Will they do that??

Sometimes - It's just like paying for removal for an item on a credit report. Some banks will agree, other's won't. But it's really worth the try!

Just make sure to get everything in writing. Be sure they agree to REMOVE the item, not just update it as paid or some other stupid thing. The only way to have a clean chex report is for the bank to remove it. I know I have some sample letters on my computer at home, I will check tonight and see if I still have them on there.

Wish I had known that then. It shows paid, but it's still there.

anyway you can still contact them and ask them to remove it?? Just a thought...

I have worked at two different banks......neither one of them would remove the information reported to Chexsystems even if the customer paid off the account. I thought that was extremely unfair myself.

I may try to that, at least a nice letter to ask, what will that hurt??? Worst case, it stays there, well, it's already there

Right,...that's what I was thinking...asnd you said it had been awhile, right?? Can't hurt to ask, all they can say is no...and we'll think of something else. Did you try looking at that on line thing...Account Now?? I was thinking of you too when I asked Goudah to find that.

http://www.debtconsolidationcare.com/forums/about11074.html
Bflow...check this out...would it help you??

WEll, noow my bank says if we come in we can freeze the account and start a new account, like I want to do that. But that's all they are doing to help.
It will work out. It just sucks that they won't do anything before the money is taken, what kind of fraud prevention is that???? NONE!!!

I was just nervous about staring a new account at the same bank...be sure they absolutely freeze it and don't let anything through or the bank could debit the other account to pay it I believe. Chheezz...we have learned a lesson haven't we..what state are you in Bflow??

I am in Tennessee. I am not going to open a new account with the same bank. I'm not willing to take the chance of them getting ahold of ANY more of my money. I am already sick today worrying about tomorrow's check! It really sucks that my bank are such ****. We have been there for 12 years and this is what they offer as a solution? WEll, gee, who needs enemies? I have the bank willing to suck me dry!!!! I thought they were supposed to protect my money?? NOT HAPPENING! Yeah, I'm a little aggravated, sorry!
Anyway, we are going to go witht the Wachovia account in my husbands name. We don't have a branch around, but, it really doesn't matter. WE are direct depositing his money and I will continue to receive a paper check so I can put it in the savings account and hopefully get closer to the end of this debt quest we are on. We not only have PDL's to deal with but in the next 12 months, we are trying to become debt free, including the couple collections we have to pay! AHHHHHHHHHH, TOO MUCH TO THINK ABOUT!!!


[color=Red]****Adult term removed - Jason[/color]

Sorry ur having a stressful day bf! But please remember, this too shall pass! It'll all work out in the end, i'm confident of it! My bank also as far as i'm concerned are only concerned with themselves but actually isn't that most companies out there today? We had trouble with our cable co, long story not gonna go into, and they could have cared less after we have been customers for over 20 years! Needless to say we're boycotting them (like they care again) and just went with satelitte and i LOVE it!
But hold ur head high and have faith, things always have a way of working out! And u've got lots of folks on ur side!
Here's to better days ahead,
Ang

Yeah, don't get discouraged bflow and don't let it make you sick. These things take time, I know I was in similar circumstances and things are great now. It took about a year for me to straighten my credit out and get everything paid off, just be patient :)

Thanks guys for all the support, it's been a stressfull week. I am just taking one day at a time.

Bad day bflow? I'm sooo sorry. I can totally relate. And just knowing that they're going to suck money out AGAIN tomorrow is awful. I'm soooo sorry, again. I just wanted to put my 2 cents in regarding the whole reporting you to Chexsystems and not being able to open an account. Years ago, I had a problem with a bank account. I was reported and no one would give me an account. I went to the original bank that reported me, had it out with them, they actually (and you're not going to believe this) opened me a new account with them and removed me from Chexsystems. I have since opened accounts with 2 others banks, so I know I'm not on Chexsystems anymore or I wouldn't have gotten them. So...that's my story. I just went to the actual IDIOT bank and duked it out and I swear, they ended up opening a new account for me. Go figure.

I went to the bank and sucked out my own money before the PDL's got it. I figured I will fight them to reverse the charges on an account that had 0 in it ( and illegally withdrew money!) rather than fight them to replace MY money!

Remember Bflow...these are unsecured loans we are dealing with...so we need to take care of mind, body and spirit before all else or we wouldn't be able to function on any level...glad you got your money out before it disappeared into the void!

Way to go bflow!!
Smart thinking on ur part! I think ur right, will be easier to fight the charges than to get ur money back!
Good Thinking!
Ang

Well, it is really in the negative now, but, I have email communication with the bank regarding how unwilling to help they were, so, they are either going to credit it, or eat it! Worst case, I'll send them $50 at a time to pay it off, but, at least if it's in the neg. they won't pay anymore out to them...hahaha! One of those bloodsuckers took the whole $200 out....but, whatever

We're going thru a issue with our bank and Chex right now our old bank where the PDLs were sucking it dry was closed on 6/4/07 but not before I opened a new bank acct at a differant bank. Thought everything was going great got all caught up on bills and mortgage then came home from work last week and had a letter from our new bank stating they MAY be forced to close our new account in 7 days due to our Chex report. Called the new bank and they informed us that our old bank had reported us to Chex for a acct closed with balance (or some s**t like that). Here's the deal when we closed the old acct I worked with the branch manager and he removed some of the NSF and stated if we paid the rest it would all be taken care of no collections or anything. I have a message on my cell from him stating this and when I paid him the money we agreed on I received a hand written receipt that states acct.#****** paid in full. So I have a meeting with our new branch manager on Monday because he stated if I have a PIF receipt he may be able to keep our acct. open. I'm also planning on going to visit the other A** that ended up reporting us to Chex to demand a letter to delete the entry on Chex and filing a complaint to Chex. I'm really concerned that there going to close our new acct but they also do seem willing to work with us. I guess will have to wait and see on Monday. Finally thought we had turned the corner now this. Oh Well add another weekend of stress and worry to my life!!

I am so sorry to hear you going through this, but, I know how you feel. I did finally get an account opened that is not through Chex, so, I'm ok there. Thank goodness. I can't take much more bank crap, right now, we ar living strictly off cash. I cash my check at Walmart and when my husbands check goes int he bank, we go withdraw it immediately. Now, with the new account, we can just direct deposit again. that will be nice.

Still...at least they gave you a 7 day window to work with...you would have time to clear any checks and withdraw your money before they close your account. Some banks don't do that...Goudah said they just closed her new account and sent her a check for her funds like 6 weeks later!!! I am sitting on pins and needles waiting to see if my new bank will do something like this too. I opened my new account 05/17 but I have heard they can check it after 3-6 months and then close it...:(

Yeah - I had gone to the store to get groceries, went to pay, and my card wouldn't work. So I went down to the bank right away (it was friday night and almost closing time) and I was told that due to my old bank reporting me, my account there was frozen and I could've access any of my money. That I would get my balance (minus any fees) in 6 to 8 weeks! Now at the time I relied only on my debit card, and never carried cash. IT SUCKED!

Oh, I did get a letter stating my account would be closed about 5 days later . . . .

BTW - At most banks, the Loss Prevention Dept has final say on if an account stays open or not. There are situations where the bank manager will okay an account staying open, but the back office will close it anyways. I'm not trying to scare you Stillnuts, but it can be very risky staying at a bank that knows you have a chex report - One NSF and your account could be out the window. If you do get to keep the account, I would not put all your money in there, not use it for direct deposit, and not rely on it staying open. That way you will not be totally screwed if it is frozen and closed.

Ok now you got me mor worried than I was before!! I do have a PayPal Acct with debit cards do you think I should transfer most of my $$ to that untill this gets resolved. I have always been a little uneasy about haveing to much $ in the Paypal acct normally only tranfered a little at a time. This just sucks!!!

I'm giving you the worst case scenario - Thing is it happened to me - So it can happen. I wouldn't trust paypal with the money either - Right now the safest place may be your house.

There is a chance your account will be okay. I just feel that since there is a chance it won't be, it's best to prepare for the worst. That way you are covered if it does happen.

The good thing is that you can prepare! Just don't keep all your money in one place. I now have 4 different bank accounts, and split my money between them. That way if something happens to 1, the other 3 are still okay.

Since your item is "Paid" you do have a chance at keeping the account. But i'm pretty sure it will be flagged - Meaning if you mess up and overdraw they will again review whether of not you should be able to keep your account. Plus, if you can get your old bank to remove the item you are free!

Don't be too worried. The worst that can happen is your bank account gets closed. Since you know ahead of time, you can get your money out before it's closed. That is a great thing.