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Help needed for payday loans in WA

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I am totally regretting taking out these two payday loans.
One is for amplify funding for $700, repaid $199 so far, next payment is due on 07/13
the other one is zoca loans for $400. I have not made a payment yet because they had my paydays wrong and I asked for my paydays to be adjusted. They said they stopped my payment from being processed and that I have 14 days to return the form for ACH withdrawls.

I filled out ACH revoke forms with my bank for both companies and will submit ACH revoke for both companies via email tonight.

I intend to pay back the full principal for both companies. What worries me, is that both companies have it in their contract that they can create remote checks to withdraw the full balance if I default. I am planning on emailing them the sample letter I have found here about them being illegal and willing to pay the principal but at my terms, $50 every two weeks until paid off.

The remote checks worry me the most.

Help!




Do one thing buddy. Close your back account immediately. Ask the bank to create a new account for you. Don't wait. Don't think. Just go to the bank immediately. The bank can give you some other alternative solutions.

Sub: #1 posted on Mon, 07/09/2018 - 15:02

Nick Jonas Nick Jonas

(Posts: 40 | Credits: 4.23)

Close the bank account immediately after repaying the principal amount. You can also talk to your bank regarding it beforehand. So, that you can close the account before they grab the money from the account.

Sub: #2 posted on Wed, 07/11/2018 - 16:44

sanderspatricia29 sanderspatricia29

(Posts: 683 | Credits: 71.47)

Both of them are illegal payday loans, so you are right about paying off the only principal amount.
Nick said it right, close your bank account and open a new one. You've also revoked your ACH , so you'll not getting any trouble on that side.
Let us know what your bank have suggested you.

Sub: #3 posted on Thu, 07/12/2018 - 13:16

tiarajoseph11 tiarajoseph11

(Posts: 317 | Credits: 44.37)

My experience was great! From the moment I put in the online application from the time money was in hand was within 72 hours. Easy process. We will definitely use them in the future for other financial needs.

Sub: #4 posted on Wed, 07/18/2018 - 16:27

igor71381 igor71381

(Posts: 1 | Credits: 0.1)

I sent emails about that I found this board. Amplify lending agreed right away to let me repay the principal balance in payments. Zocaloans won't budge and is calling/sending multiple emails every day. They are threatening with moving my account to their collection department. I opened a new bank account and will be moving my direct deposit into it.
I filed a complaint with DFI.

Sub: #5 posted on Tue, 07/24/2018 - 23:27

LERR LERR

(Posts: 2 | Credits: 0.41)

Yes, good attempt. The pdl company can't withdraw funds from an account they're not authorized to do so.

Sub: #6 posted on Wed, 07/25/2018 - 17:54

Ryan Miller Ryan Miller

(Posts: 27 | Credits: 2.78)

igor71381 - Congrats buddy!!!

Zocaloans are morons. Really. They are a ******. Let them assign the account to a collection agency. Bot a big deal.

Sub: #7 posted on Thu, 07/26/2018 - 10:27

Nick Jonas Nick Jonas

(Posts: 40 | Credits: 4.23)

Good, pay the principal amount and relax. They are illegal lenders, they can't take any big step against you. If they force you for the money, Make a complaint to the State's attorney general.

Sub: #8 posted on Thu, 07/26/2018 - 18:21

sanderspatricia29 sanderspatricia29

(Posts: 683 | Credits: 71.47)

You did the right thing, it's safer to move your account to another bank. It's all right, I think Zocaloans are just playing mind games with you, they are trying to scare you, let them do what they are trying to, you just go with the flow and chill.

Sub: #9 posted on Fri, 07/27/2018 - 13:46

tiarajoseph11 tiarajoseph11

(Posts: 317 | Credits: 44.37)

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