Payday Loan Help

How to get out of your payday loans
Payday Loan Help & Relief

Payday Loan Help. Determined Your PDL is Illegal?

So, you’ve determined that your payday loans are illegal. What do you do now?

Step 1

Your first step is to talk to your bank. Tell the banker you’re revoking ACH authorization for all/any PDLs you have. Tell her you are able to provide her with a copy of your revocation letter if they like. You “want to secure your account before any further activity takes place.” If you’ve overpaid the principal on your loan, request fraud paperwork. Explain that you have overpaid the loan and the PDL lender refuses to stop debiting your bank account. Offer a copy of your research regarding the illegality of your payday loan. (Visit:  It’s likely your banker already knows this. You’re probably not the first “pilgrim.”) Tell your banker you’re aware that payday loans are illegal in your state and you need to protect yourself from the illegal lender(s) having further access to your account.

Tell your banker you’d like to keep your business with their bank and ask them to CLOSE the account and open a new one for you. Be sure that the two accounts are not linked in any way. If their policy is that the old account can’t officially close for a certain period of time, have the old account put on “deposit only status” until that time has passed.

14 thoughts on “Payday Loan Help

  1. Appreciate your sharing. I’m headed to my bank now; after reading this Post. I’ve paid over $1800 on a $750 payday loan!

  2. Thank you! After reading your book, I figured out my loans were illegal. AND, I wrote letters using your templates. ALL of them wrote off my loans. Hate to admit it but I think I made $$.

  3. I just finished your book. My loans are illegal and I already got out of two of them. I’m in Florida and have 2 from stores. I tried your tactics and got both cut 50% with $15 month payments and no more late fees.


Leave a Reply

Your email address will not be published.

What is 6 + 8 ?
Please leave these two fields as-is:
IMPORTANT! To be able to proceed, you need to solve the following simple math (so we know that you are a human) :-)