Help me?

so looking at the information that i have found.. you can legally stop the electronic debits and set up a payment plan with thise companies simply go into the bank and tell set them up as unauthorised. then send each company a letter revoking authorization. you bank may and mine did refund some of those monies paid out, however in my state electronic payday loans r not legall you have to actually go into a store and use a paper check..

have never had this happen to me but can you close account that has been compromised and not have to worry about this happening to new accounts? just curious

Yes, some people choose to do that as well. But, if it's going to be a huge hassle to close the existing account, I guess this would be another option.

when you close an account and open another a the same bank you can have a problem..best to go to another bank and do it.. once a compnay has your routing number to your bank they can get your other account information. had that happen previously switched banks underadvisement of the bank and problem was taken care of

just fyi, routing numbers are pretty much available to the public. I can call any bank and just ask for the routing number.

Ensure that the accounts are not "linked" in any way. It is recommended that you got to another bank, but I have heard of new accounts being found at new banks as well. 99% of the time, the consumer has applied for another ipdl which put their new account info back out there in pdl land.

Have a care where your new checks come from, as well. I found this thread the other night. It's worth a read.

Sharky is right. Open a new account at a different bank. If a new account is opened at the same bank, they can find out the new one and debit that. I know this from an ISP I had a few years ago, who debited my account, but they finally made good. If you find any unauthorized debits, report it to your bank. The bank must investigate within 45 days under the Electronic Funds Transfer Act. If not, you can sue the bank as well.

I'd like to avoid closing my current bank account. So far, the finance fees from the ipdl's haven't stacked up terribly. Our balance is currently about -$300, the electricity is supposed to be shut off tomorrow, while my mother-in-law is arriving tomorrow night. We've still been bouncing around website after website, applying for more payday loans and bad credit personal loans, but it's been pretty fruitless this last 7-14 days. My email used to be closely guarded and is now full of spam; the unsubscribe pages say it takes 7-10 days to take effect (?!??!?).

I still wonder when my wife will give up on the tactic of taking on new debt to pay off old debt. I'd better stop saying things, because my thoughts don't get much nicer from here.

so i hear you saing that in stead of correcting the problem you would prefer to go more and more into debt is that correct? finance fees do seem to be stacking up a negative balance of 300 is quite significant, it would be best if you could convince you her that things will only get worse not better if this keeps up. best of luck

I know exactly how your wife is thinking. She is in panic mode and will not listen to reason. It seems her main objective is to just get some money in, regardless of where it comes from or how/when it's going to be paid back, you guys will deal with that later.

I know from experience that this just causes a snowball effect that gets worse and worse, especially if you're already in deep. I finally got to a point where I had to just suck it up and bite the bullet and let my mess blow up, then worked to pick up the pieces.

If you take on even more debt to help you out now, and plan on a tax refund, bonus or something similar to then sort out the new debt you just took on, this usually seems to backfire in a lot of instances. You don't get back as much as you thought, the refund is delayed, you end up not getting the bonus you had planned on.....

I really hate to see you dig a deeper hole, and especially go along with what your wife is doing, even though you don't seem to be in agreement with her. Obviously, you don't want your electricity shut off. Is there another family member who could possibly float you some money until you can file your taxes? I know it is still borrowing, but at least it would be interest free (I'm assuming), and you would have a bit of time to pay it back.

Sharky: that's pretty much it in a nutshell.

Tiffany: that's a good idea in general, but not very practical in my case. I've already borrowed $100 and $150 from an aunt and an uncle (my mom already said lending between family members just makes things weird, especially when the lender needs the money and the borrow can't afford to pay on time or soon) which was supposed to be paid back within a month or two, but it's been closer to 10-20 months. Things just never seem to get any easier.

I've learned that it doesn't matter how hard one works in this world, but that it's more important to be socially adept, because then you can sweet talk people into being your friend, and then you can get them to help you, and then you can burn them. And that's what it means to be a free agent in a capitalistic economy (everybody self-serving their own interests...yeah, that's the road to a better society).

I'm an really great, intelligent, hard worker. But my social skills suck, to say the least. I mumble and say "ummm" a lot, two things that make other people not want to talk to me. And employers mostly only hire the applicants they like talking to (unless they're desperate). My people skills are only good enough to get a minimum wage job, so I'm glad I was born and raised in California (although I really want to move to Santa Fe, my wife isn't inclined to the climate there).

We're really just living in limbo right now. the 48-hour notice on the electricity was really something closer to a 3-5-day notice. The rent is really more important, though, in the grand scheme of things. The landlord likes to tape 3-day notices to our door, but the 3-days isn't set in stone (BUT, we've also gotten about 10 of them this year alone, so I'm expecting an eviction/sheriff's notice any month now).

Tick, tick, tick....

Yes, borrowing from family can strain things sometimes. Has your wife hit her family up, though? You mentioned that your wife is thinking that the tax refund can be used to sort out any money borrowed now, so if she applies that same way of thinking to any money borrowed from a family member, then they would be repaid fairly quickly and no interest. That is, if borrowing from anyone in her family is a possibility.

I am sorry things are so bad, and I do wish you all the best, whatever the two of you end up doing.

I also hope you can try to have a nice Christmas.

And not only your wifes family, but perhaps your family too.

I think dox said he'd already exhausted that avenue (borrowing from his family) and it's not an option now. I don't know if any of your friends could maybe help out? Guess they'd have to be good friends.... or do you have anything you could pawn for the time being and get back once your refund comes? I'm not a huge fan of pawning, but to me, it is a better option than getting tangled up with another payday or bad credit loan.

sorry I didnt completely read the 5 pages on this....no hurt in asking again.

I agree, sometimes if the situation is desperate enough, you have to tuck your tail between your legs, swallow that pride and grovel!!