Illegal PDL and ACH reversal
hey- quick question for y'all. I'm dealing with paydaymax, an outright illegal payday loan company overseas.
I'm trying to get out of a hole with this company- i've paid well over the principal on what i was lent (like 1200 dollars over) and still have 900 outstanding.
I've sent them a letter revoking ACH privileges but I doubt they'll respect this. I know they got it (at least over fax) as they've suddenly blocked access to my account.
my question is- given this company is illegal and cannot legally lend to me, any contract i've entered is null and void. With that in mind, any authorization I've provided as part of their loan contracts is also null. So I know you can reverse ACH transacations at BofA within 180 days if they're provably un-authorized. I'd like to stick it to PDM and make this happen... just reverse enough so that i haven't paid them anymore than the principal.
anyone ever had luck attempting this, or am i crazy? I feel like i could make this happen with the right choice of words and a friendly branch manager.