Need PDL Help

First, you need to review your bank statements to determine how many companies you are dealing with and then go from there.

Hi and Welcome!
First off, we need to get some info from you: are your PDL's internet or storefront, meaning did you go into a building to get them?
Second, it's crucial to sit down and write a list of how many PDL's to your knowledge that you have at this time. This will help you start to see where you are at.
And lastly, when you say the PDL's reported you for check-writing violations, do you mean did the banks close your accounts for being overdrawn? Or did the PDL's just try and hit you for NSF checks?

Welcome to the forum :D A counselor should be contacting you soon. Now, you said they reported you to the check writing place. Are you referring to Teletrack, telecheck, or Chexsystems. I'm just asking b/c the pdls mainly report to Teletrack and that is a system that pdls use to let other lenders know of defaulted loans. I'm quite sure I'm in Teletrack b/c of defaulted loans, but I'm still able to write checks elsewhere.

My PDL's are internet. I am gathering what I have to see how many I am dealing with. They reported me to telecheck. When I was laid-off I closed my account and switched banks so I am still having problems with that.

Did you give them your new bank info? I hope not. And what state are you in? These are internet you will be able to deal with these guys.

No I didn't give them my new information but they are withdrawing funds from my new account. I am in Michigan.

VGreg - forgive me for asking a redundant question, but are you sure the PDL companies reported you to telecheck, and not TeleTRACK? To my knowledge, PDL companies only report to Teletrack, and banks report you to companies like Telecheck or Chex Systems. There's a big difference.

Teletrack is a database of PDL customers who have defaulted in the past, which gives PDL companies reason to reject you if you apply again. (Which we hope you won't, anyway.) Telecheck or Chex Systems is a system that banks and retailers use to report fraudulent or non-sufficient funds activity, which can prevent you from writing checks at other retailers or opening another checking account.

Or was it the bank (where you closed your account) that reported you? Just trying to get facts straight so we can help you out.

Are you sure they reported you to telecheck or did they just tell you that? If so, Telecheck would decline the old account that you closed, but if you have a new one and the ipdls don't have your new account info then the new account wouldn't be reported.

I contact Chexsystems and telecheck and there are 3 outstanding accounts on my file. The bank isn't listed at all.

I tried switching banks and I couldn't

Vgreg - I am also in Michigan, by the way.

If you have hits showing up on Telechex and Chexsystems, I would get them cleared up - they will prevent you from opening new bank accounts or writing checks at retailers that also use the same reporting systems.

Do they have access to your new account? If so, you need to block them or close the accounts all together until this mess is straightened out. This is the only way to gain back control of your finances.

Are the accounts on your file from the pdls? If so, I wasn't aware that they reported to Chexsystems. I just thought banks use this.

Hopefully this will help clear up the confusion:

Chex Systems - used by banks and some retailers to report fraudulent or non-sufficient funds checks - prevents checkwriting or new bank accounts from being opened.

Teletrack - used by Payday Loan companies to track performance of customers - if you are reported as defaulting on a PDL, you will not be approved for another if the company uses this service.

telecheck - similar to Chex Systems - tracks non-sufficient funds checks and prevents you from writing checks at certain retailers

To my knowledge, none of the PDL companies report to any of the major credit bureaus. Many of them (especially online ones) will threaten to ruin your credit and "report" you. If you are not going to be taking out any more PDL's (we hope you don't), this threat holds no weight at all.

How can I clear them when they are with the PDL's? How can I get rid of the PDL's once and for all? I read the Michigan Law but I'm not sure I fully understand it. Exprescash randomly takes money out of my account. One week it will be $35 and the next time $28. Most of the time they are on Fridays but then sometimes they are not. I would like to try to avoid getting into trouble with my new bank because of this.

I have a copy of my credit report and they are reported there.

VGreg - you said the PDL companies are debiting your new bank account. I'm assuming you did not change banks, from what you said in an earlier post - but then you stated above that you wanted to "avoid getting into trouble with my new bank". Did you go to another bank or not?

I would think you could go to your bank and explain the situation, and have these companies blocked from debiting your account. Tell them you are working out a way to settle the PDL debts, and that you need the debits blocked from your account.

And the PDL companies are listed on your credit report from Experian, Trans Union or Equifax?? That's a new one on me.

I did switch banks. I made arrangements with the old bank about the NSF's and now I am with a different bank. They are withdrawing from my new bank.

You can also send these companies and e-mail, fax them a letter revoking your permission allowing them to debit from your account, by law they have to stop. And you need to file complaints with your AGs office let these companies know this in the debit revokation letter.

Some of the companies that I found that I have outstanding accounts with are:
Cash Advance
United Cash
Fast Cash

Is there a sample letter somewhere?

As I look at some of these documents some of them are with the same company. I have Preferred Cash Loans, Cash Advance and United Cash Loans all with the same address. Has anyone dealt with them that can help? I will never get myself in this bind again.

Good Day

I am Mrs Evelyn Doyle. I own Evelyn Warehouse and Estate. A business woman who give out financial funds as loan to the public and to the world with low interest rates of 5%. I give loans to those with bad or good credit. If you want to apply for a loan, email Mrs Evelyn Doyle on e-mail address deleted per forum rules - Amy for more details
Best Regards
Mrs Evelyn Doyle

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