advice would be appreciated!
Date: Fri, 01/15/2010 - 09:07
Submitted by roll_the_dice711
on
Fri, 01/15/2010 - 09:07
Total Replies: 1
A while back, I stupidly took out a couple internet payday loans and I'm stuck in their endless cycle. I also received payday loans I never applied for and didn't want.
I thought I had fully closed the bank account they were pillaging, but apparently they were able to force the account open (I also had major fraud on the account from non-existent pharmacies that were creating e-check withdrawals. I suspect some payday loan place sold my info).
Relevant info:
I live in the state of Illinois.
VIP Loan Shop $400 loan. Have paid $505.
United Cash Loans $400 loan. Have paid $240.
USA Credit never made a loan deposit. Debited my acct $149.95
Credit Cash Advance $300 loan (unwanted). Have paid $90
Nationwide Cash $300 loan (unwanted). Have paid $90
I do not believe any of these companies are registered in Illinois, and their "terms" violate Illinois law even if they were. I wish to return the principal these "companies" deposited into my account in full (otherwise I'd be a thief), but I do not wish to use a personal check or ACH debits.
I've tried to use the search function, but does anyone have contact information for these companies? I'm hoping to find a physical address, but email would acceptable. Luckily, a friend of mine is a lawyer. She believes as long as I return the principal in full, my legal obligations will be met and I can challenge any interest rate and fees should the companies actually take me to court.
Any advice as to how to proceed? I have not yet filed complaints with the IL AG or BBB.
Thanks!
I thought I had fully closed the bank account they were pillaging, but apparently they were able to force the account open (I also had major fraud on the account from non-existent pharmacies that were creating e-check withdrawals. I suspect some payday loan place sold my info).
Relevant info:
I live in the state of Illinois.
VIP Loan Shop $400 loan. Have paid $505.
United Cash Loans $400 loan. Have paid $240.
USA Credit never made a loan deposit. Debited my acct $149.95
Credit Cash Advance $300 loan (unwanted). Have paid $90
Nationwide Cash $300 loan (unwanted). Have paid $90
I do not believe any of these companies are registered in Illinois, and their "terms" violate Illinois law even if they were. I wish to return the principal these "companies" deposited into my account in full (otherwise I'd be a thief), but I do not wish to use a personal check or ACH debits.
I've tried to use the search function, but does anyone have contact information for these companies? I'm hoping to find a physical address, but email would acceptable. Luckily, a friend of mine is a lawyer. She believes as long as I return the principal in full, my legal obligations will be met and I can challenge any interest rate and fees should the companies actually take me to court.
Any advice as to how to proceed? I have not yet filed complaints with the IL AG or BBB.
Thanks!
Can you reverse the unwanted deposits? Check with your bank, if
Can you reverse the unwanted deposits? Check with your bank, if the deposits are recent you may be able to return it still.
Have you not spoken to your bank about reopening the closed account? You can read the following thread on closing bank account.
http://www.debtconsolidationcare.com/paydayloan/close-account.html
