Debited money out of a different account

First of all, what company are you dealing with?

Also, how did they get the info for the other account? If you didn't give it to them, then you need to ask your bank about it. At my old bank, they allowed ppl to debit by using your ss#, and that could be what they did to you.

That is absolutely frightening...I had no idea they could do that.

Me neither, until they did it to mine. It was pretty scary because I thought that I had used $285 and forgot what for :lol:

I went to a totally different bank to open my new account and my attorney said that is the best way to go. He told me not to even have my regular bills debited out of my account.

wow, I'm just glad that didn't happen to me last year after I cleaned up the PDL mess..I would've been screwed.

When I disputed the charges and got the money back, I changed banks too. Yea, I don't have anything coming out of my account now. I have this fear that they might get mad @ me and take my money :lol:

I know, I think the fear never really goes away.

It's Cashnet500, I don't know how they got my account #, my bank say's they must have gotten it somehow it comes thru as an ACH debit. I applied for a regular loan online this past week but it wasn't with a payday loan company it was with Citi. If I didn't give it to them and they got the #'s can they do this?

The next step would be to ask your bank if they allow companies to debit using your ss#.

Cashnet is dirty and sneaky. You will be able to get the money back (at least most of it) by disputing it with your bank). I would definitely switch banks if I were you.

no, I don't think they do. I was told they somehow have the account #. I'm just worried that when they give me the provisional credit and do their investigation they (cashnet) may come back with saying "well she owes us money therefore we took it out of one of her other accounts" or something and I will be stuck.

They took out the $285 and within 2 days, it was back in my account. Then about 3 weeks later, they started calling again. Finally I paid them only what I was required to by my laws (principal only) and then I harassed them 3 or 4 times a day about my PIF letter. I got an email one day after I called for the 5th time in 10 minutes :lol: :lol: :lol:

They did this in 8 transactions totalling $590. I don't know what to do now.

NO, they will not come back and say that. My bank did the provisional credit and within 2 days, the branch manager said that they got the money back with no problem. What state did you say you were in??

Florida

Ok, for some reason I thought you were in NC with me. :) Anyway, when did you dispute the charges with your bank? And has the provisional credit already posted??

I disputed the charges this morning, I faxed the affidavit to them as well. The charges just went thru last night. No the provisional credit wont go thru until Tues because it's the weekend and a holidy monday from what they told me on the phone.

Yea, sorry, I forgot about the holiday. I am pretty sure that they will give the money back with no problem. Also, for whoever has the account, they might want to close it and if possible take your name off so they can't get into it again by your ss or however they did this time.

Well, it's a joint account I have with my fiance, however I am the primary on it. They bank told me today that they will have me close the account and open another one to prevent anything else from going thru from this company and that's what I'll do. You don't think that I'll be required to pay this since I have done business with them before, although it was a different account? I'm just so affraid they will get away with this.

No, they will give your money back, don't worry :) I know several ppl that have got it back. Another thing, how much was your loan and how much have you paid them so far??

Here is the info for Florida...

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

Licensee Database

Complaint Instructions

Complaint Form Link

My loan was for $350, I paid them $405 in fees.

According to your state's laws, they are not permitted rollovers. I really don't know how to figure all of this up, but I am sure that someone will post on it. If I am correct, you should already have them paid off, but maybe I am wrong.

No, you are right. You should have paid them in full. I don't understand why they would do rollovers myself.

Thanks Alexandra, I wasn't really sure about it but I knew that someone would come along and let me know.

If your state allows $15 per $100 borrowed and the loan was for $350, and you've already paid $405 in rollver fees, then they have been paid in full. Actually, the total amount of the loan with finance charges should be $402.50. $350 + $45($15 per $100) + $7.50(this is normally what storefront pdls charge for anything under $100)=$402.50.

The $45 is for the $300 and the $7.50 is for the $50.
I hope you can understand my calculation.