I am in official payday loan default
Sun, 04/02/2006 14:45
Well, on Friday I officially defaulted on all of my payday loans. The debits did not go through because I changed my account information. Actually ONE did go through after I faxed, mailed and e-mailed the company a letter unauthorizing them to debit my account. Luckily for me, they responded to the request via e-mail and fax threatening to bring charges against me. So I took that information to the bank and filed penalty of perjury complaints against the company. Now I just have to wait for the bank to put my money back into the account. Anybody ever gone through this process? I need to know how long it will take for the bank to put the money back. I know that the other companies will continue to try to debit my old account, just praying no more debits sneak through.