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Payday loans

Date: Wed, 02/13/2013 - 15:29

Submitted by anonymous
on Wed, 02/13/2013 - 15:29

Posts: 202330 Credits: [Donate]

Total Replies: 6


After reading other posts I contact the 2 payday lenders I had loans with, with some luck and some issues.
Plain Green- original loan $500, then $700 over paid $597.50
Bottom Dollar- original loan $500, over paid $952.50

I contacted Plain Green by email and received a response back stating they closed my account. I contacted them by phone to inquire about my refund and was told it was being reviewed. Fingers crossed.
I contacted Bottom Dollar and instead of them closing my account, they withdrew $585. Do I have any recourse? Please help.


Did you revoke ACH priveleges?? Read the link in my signature line...both of these are illegal lenders. Try to fight it with your bank...talk to a branch manager...not a teller or personal banker.


lrhall41

Submitted by SOAPLADY on Wed, 02/13/2013 - 18:59

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I did revoke ACH privilege with both. I spoke with the fraud department who said the only way I can get my money back is to have the company put it back.


lrhall41

Submitted by anonymous on Thu, 02/14/2013 - 05:22

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Since you revoked ACH rights under Reg E and Bottom Dollar violated that revocation, of course the bank needs to charge the payment back. The letter is your proof and you already should have give a copy to your bank


lrhall41

Submitted by SOAPLADY on Fri, 02/15/2013 - 04:59

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WRONG!!! Under federal law , reg E of the FDIC, you as the consumer have the right to revoke ACH priveleges. Did you give a copy to your bank?? You need to talk to a manager...by law THEY need to return the debit. THEY would be in violation of federal law if they don't.
See this link....
http://www.debtconsolidationcare.com/paydayloan/federalregulationsconcerning-achrevocation.html


lrhall41

Submitted by SOAPLADY on Thu, 02/14/2013 - 08:02

( Posts: 17315 | Credits: )


Finally! I talked to someone at my bank and they are doing an investigation and will give me an answer in 2 business days on the Bottom Dollar charges. I'm not pursing the Plain Green as they stopped withdrawing and are reviewing my account for a refund. Thank you for your help.
I failed to mention that I live in Massachusetts where all these loans are illegal.


lrhall41

Submitted by anonymous on Fri, 02/15/2013 - 14:32

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