I posted the other day about Westbury loan shop (see previous thread titled Ã¢â‚¬Å“Westbury LoanShop?Ã¢â‚¬Â. Ok, I finally got a hold of this Westbury Loanshop place and they confirmed that they took money out of my account because I defaulted on an old IPDL from April of last year, and that since I filled out an application for a new loan last week, I signed a contract indicating that they can take the money out even if the original loan was linked to an old bank account at an old bank. I asked them who the original lender was and they kept saying LoanShop Ã¢â‚¬â€œ I KNOW itÃ¢â‚¬â„¢s not and both of the payday loans I have currently insist they have nothing to do with this Westbury Loanshop place, so IÃ¢â‚¬â„¢m reading through my contracts trying to see if thereÃ¢â‚¬â„¢s fine print saying they are linked, and I canÃ¢â‚¬â„¢t find anything. So now IÃ¢â‚¬â„¢m worried that my bank is going to come back and say itÃ¢â‚¬â„¢s a valid debt and then IÃ¢â‚¬â„¢ll be $125 overdrawn in my bank account.
So hereÃ¢â‚¬â„¢s my questions:
1. If I filled out any IPDL application and received loans, how to I verify that the two loans I have now ARE linked to the one that Westbury is supposedly taking money to pay off? They both tell me they are not. They told me I still have $180 outstanding for this old loan, but that would mean that IÃ¢â‚¬â„¢m paying $570 for a $300 loan and that doesnÃ¢â‚¬â„¢t seem right either.
2. I have another account with my bank (Wells Fargo) that I have not activated yet, so if I close the current one and start using the new one, these are my concerns:
a. LetÃ¢â‚¬â„¢s say I close the account that IÃ¢â‚¬â„¢m overdrawn in Ã¢â‚¬â€œ if I open the new account, can Wells Fargo take money from that account to pay the overdraft on the old account?
b. If I close the account, is there any way Wells Fargo could release the new account # to these people or that Westbury could continue to debit a closed account?
c. If I close the account and contact my two current IPDL lenders (World Wide Cash Now and CashNetUSA) to tell them, are they going to demand payment in full immediately? And if so, what if I donÃ¢â‚¬â„¢t have it?
d. Can I pay off the two current IPDL lenders with a money order in January/February when I have the money or will they already consider me in default and somehow track down any account I have if itÃ¢â‚¬â„¢s at the same bank as the old account?
I donÃ¢â‚¬â„¢t know what to do and IÃ¢â‚¬â„¢m going to have to pay rent in less than 3 weeks and I only get one paycheck between now and then Ã¢â‚¬â€œ I donÃ¢â‚¬â„¢t want it to all be gone!
Can anyone answer the above questions or give any advice?