I closed my account, what now?

Hello and welcome! I am assuming these are all Internet loans? How much have you actually paid on these loans?

I'm going to go ahead and post your laws. :)
Florida State Information

Legal Status: Legal

Citation:
Fl. Stat. Ann. ???? 560.401 et seq.; Rule 69V-560.901-912

Loan Terms:
Maximum Loan Amount: $500
Loan Term: 7-31 days
Maximum Finance Rate and Fees: 10% + verification fee
Finance Charge for 14-day $100 loan: $15
apr for 14-day $100 loan: 390%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: One
Rollovers Permitted: None (cannot rollover)
Cooling-off Period: 24 hours
Repayment Plan: Yes

Collection Limits:
Collection Fees: All charges imposed on the lender by any financial institution; lender not entitled to treble damages
Criminal Action: Prohibited

Where to Complain, Get Information:
Regulator: Florida Office of Financial Regulation
Address: Division of Securities and Finance, 200 E. Gaines Street Tallahassee FL 32399
Phone: (850) 410-9805
Fax: (850) 410-9748
Regulatory Contact: ,
Regulator Website





Yes, they're all internet loans. I've refinanced on all of them at least once for the amount above the original. I just had to do something or else I'd have to get another payday loan just to cover those...it really is a vicious cycle.
I understand the FL laws (thank you for posting them) and if I call the payday loan providers, what do I tell them? Should I bypass the payday loan people and the ACH processing people like I read about on another forum? Thanks for your help, this Web site's been a lifesaver!

Sorry it took so long to get back with you. I would call the processors asap. And you must be persistant with them, tell them you need them to call your payday loan comapnies and tell them they can NOT debit your account any longer because you have revoked it! After you speak with them, send them an email also, and you could even send emails to these pdl companies and tell them you have contacted their processors.

I meant: should I bypass the payday loan lenders and call the ACH processing people?
BTW, for some reason I can't sign into my account because my new password hasn't been sent to me...that's why I'm posting as a guest

Do your pdl's know your account is closed yet? Have you tried to tell them to stop taking money out of your account?

Oh and, is there any chance your account can be forced back open? You need to find out from the Bank when you call and get the information on the processors.

Do I just tell the payday company to stop any transactions? Do I ask for other payment options, in writing? Do they even have to provide me with any other options?
Thanks for your help, I'm kinda at a loss here.

You never posted how much you have actually paid these companies so far, that way we can figure out just how much you really owe them.

I did some checking and am pretty sure that all of your pdl's are legal, the next step is for you to figure out how much you owe them, then set up some sort of payment arrangemnents with them, you will most likely need to send with money orders so they can't get your new bank information.