help please
Date: Mon, 05/07/2012 - 08:48
I want to try to put some sort of block on my bank account for two payday loan companies that are illegal. I spoke with the bank and they stated that I could put a stop payment on these companies. However they stated that if the transactions were illegal then I have to sign a Written Statement of Unauthorized Debit form. Now, this form would not get signed correct? Because technically it was authorized per agreement with them? I live in PA, and any type of payday loan is illegal in this state. Here is some more information on the loans that I have:
Bounce LTD, located in Ramsey Isle of Man - Original amount borrowed was $500, and I have paid them more than double this amount so far. They have been taking $150 every other week since January out of my bank account.
Advance Me Today, located in Costa Rica - Original amount borrowed was $500 on 2/7/12, and I have paid them $985 so far.
Any help would be greatly appreciated.
Thanks
Tanya
Bounce LTD, located in Ramsey Isle of Man - Original amount borrowed was $500, and I have paid them more than double this amount so far. They have been taking $150 every other week since January out of my bank account.
Advance Me Today, located in Costa Rica - Original amount borrowed was $500 on 2/7/12, and I have paid them $985 so far.
Any help would be greatly appreciated.
Thanks
Tanya
You want to either close the account or have your bank switch th
You want to either close the account or have your bank switch the account to "deposit only."
You can sign the affidavit because you have paid more than you owe on the loan and they won't stop taking the money out.
Have you sent ACH revocation emails to the lenders? You need to do so and give a copy to your bank.
There is step by step info on how to handle illegal lenders in my signature link below.