Learning the hard way.....
Date: Thu, 10/21/2010 - 12:04
I had 10 payday lenders to deal with just 30 days ago. 6 from a closed account, anohter 4 from my present. After so much helpful advice here on this site, I was able to fend off 3 current lenders in two weeks!! (Whooppee!) Turns out ALL 4 are not licensed in my state, and 3 of them sent me e-mail saying the matter is conisedered resolved and paid in full. 1 company (Solomom Finance d/b/a pay1day) gave me refund of $355.00! But there is 1 left on my account that is truly going to be a problem..QXL online. I found out this compnay has no e-mail address, no address that I can see, and when you call the (866) number you NEVER get a live person, and have to leave a message...?!? When someone does call back, they 1) dn't leave a callback number and 2) there isn't even a number that comes up on caller ID. They hit me with two charges this Monday 10/18 of $152.00 and $200.00!! causing me some overdraft fees of course. Cna I get this resolved through an ACH debit block at my bank or do I have to close the account? I would hate having to do that, and would I be able to open annother at the same bank?
Learning the Hard Way
If you place a block on your account all it will do is block the pay day lender for the amount of your payment, if your payment amount is changing each pay period because your paying down on the principle a block will not stop them. Only way to stop them from accessing your account is to close it. If you are in good standing with your bank they should allow you to open another account. If lenders keep causing over drafts that could be a different story.
Buzzette
