will it help to change bank accounts?

The laws in Texas are put below.

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All of these loans are still active. Can I open a different account at the same bank and be ok? What will happen when all of the fees, etc start coming in on the closed account? What will the bank do. What will I need to do at that point?

If the account is closed, nothing. But in TX you have to be careful because you have storefront pdls, they can file charges against you in TX for closing an account when you have outstanding storefront pdls. You will be contacted to make payment arrangements, if you fail to make arrangements then charges could be filed. I wouldn't be too worried about the internet pdls, they are not licensed. But you need to contact the storefronts and make arrangements to pay them back, they are licensed. TX pdls laws don't allow for criminal prosecution unless there is a stop payment on the check or the account is closed. Like I said you can close the account to prevent the internet pdls from accessing your account, but you need to contact the storefronts to make arrangements so nothing is filed against you.

I have 3 storefront pdls. Should I contact them now and let them know what I plan to do before I do it? Or should I just close the acct out and work something out with them when they start contacting me?

You may want to contact them now. Just tell them you lost you bank card, or something like that and had to close the account out and open a new one. The internet pdls can't do anything to you because they are not licensed. But storefronts can if you don't make arrangements.

So what will the storefront agencies do once I tell them my account was closed? Is it safe to open a new account at the same bank, or should I open another one up at another bank? I'm needing a bank account do to my payroll checks are direct deposited.

I re-opened my account at the same bank. The storefronts want their money, they aren't going to be happy,once you work out a repayment plan stick to it. But just tell them you lost your bank card and had no other choice.

Correct me if I'm wrong, but I have heard that some companies will find out through some system that you have a new account and will pursue that account for the balance of your loan. Have you heard about this?

I have never heard of companies finding out new banking info from some system, but I could be wrong :(

I was told that from EZ Money. They are a storefront company dirived from the EZ Pawn chain. I don't know if anyone has heard of this place.

I've never heard of it. They may be just trying to scare you. They would also need your authorization to debit from the new account.

I've submitted an online request to get started on all of this consolidation stuff through Langhorne Law this afternoon. Should I wait until I hear from them before I decide to close my bank account?

I'm not sure what bank you are with, but @ my old bank I closed my account and opened a new one. CASHTODAY somehow got into my new account by using my ss#, and tried to debit it also. Luckily there was no money yet..I would make sure that your bank doesn't allow companies to debit by using that. I eventually changed banks...

So I need to contact my bank and ask them if they debit by using my ssn? If so, then what?

Yes, just to be on the safe side. If they can, and you want to stay with the same bank, I would ask if you can place a stop pay on the company, and just see if that will stop them. My bank said that it wouldn't with mine, b/c that is how CASHTODAY did the debits. I was with a credit union, and they do things crazy anyway. I would ask them b/f you switch though...

You don't have to wait, I think they will tell you to do the same thing. It is the only way to gain back control of your finances. Plus they are really great about contacting you ASAP. You will feel better after talking with Dennis. Natdust is right, they could attempt by using your social, but you could probably get your money back after going to your bank.

Yea, they debited $450.00 from my account within 3 days using my social. I went to my bank and did unauthorized debits on them, and I got all of my money back within 2 days..

How can they debit with just a ss#. I thought they would need an actual account number too.

Hi rsriley. I am with Lanhorne also, and one of the first things they told me was to close my bank account and open a new one. I did so with the same bank. B of A was very helpful. I just told them I had compromised my bank account online inadvertently and was afraid of identity theft. I was not charged any NSF's when all the debits hit the old account. And Langhorne has been doing a great job so far. They have gotten 5 of PDL's settled for a zero balance, and is pursuing refunds on 2. Good luck! Oh and I'm in TX also

I had already spoken with a loan officer regarding a consolidation loan at my bank, but was turned down (of course). I tried to explain the situation to her about pdls, but I don't really think she got it. I'm not sure how it would look if I go back in there wanting to change accounts and start claiming identity theft. So when the loans start hitting, are you charged NSF charges even though the acct is closed? I thought they were automatically returned. I could be wrong.

Yes, I would if I were you. If they do, and you wish to remain with the same bank, you could have them put a stop payment on the company as soon as they open it. That will cost you a small fee, I think like $25, but it will save you a mountain of money if they try to hit again.

You can close your account, if your bank doesn't want to assist you, then I would get a new bank. I know that you probably don't want to, but you have to protect your finances. And like natdust said you can put a block on it for a small fee compared to what it could cost you in the long run.

I have a pdl that was debiting my acct for a long time (and still is). By the bank stmt, I never could figure out who it was. The bank said that they could only put a stop payment on certain amounts that came though. They didn't say anything about the actual debitor itself. Again, I could be wrong, but if I put a stop payment on all of these people and they are able to send it through using other amounts, then I'll be back where I started owing the bank instead of pdl companies. I want to be optomistic in all of this, but there's always that "what if" question.

If your bank is thinking about the customer (you), then they can put a stop payment on your acct for the company name that is debiting. If you don't mind me asking what company is it??

The pdl company that I had asked them about some time back was debiting under pd6 ventures or something like that. I was finally able to track down their phone and fax number. I have paid for this loan many times over by now and feel confident that when I have my consultation with Langhorne this week that it can be quickly absorbed. It's mainly the storefront lenders I'm worried about tracking down my new bank information.

About the storefront lenders, I am not sure if they can debit using your social. I would just wait and see how your consultation goes. Best of luck..

I've found in my vast unpleasant experiences with pd loans that one company slipped and gave me information that they can tap in to and it's called teletrack which shows new accts/etc and they go right in there, then you have to deal with your bank as to why you may not want it paid. There is an addr you can get on-line for teletrack and get a printout of what's all on there - kind of like a credit report.

I have dealt, also, with PD6 Ventures, aka DMS marketing, The Loan Shop, and others I can't remember right now. This is a very sneaky company that will change names or amounts in order to get the debit to slide through. With my bank, I was able to get some kind of number that each company has to put debits through and, finally, my bank was able to stop debits with that number, regardless of what names/amounts they used. I had several PDLs, so eventually I just ended up closing my account and opening a new one at a different bank. Good luck to you.