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Posted: Wed Jul 23, 2008 11:08 am Subject: ACH Revocation on Store Fronts?

Can a revocation of ACH privileges be done on store fronts?

Posted: Wed Jul 23, 2008 7:09 pm Subject:

Yes they can. But storefronts are usually licensed - and therefore they have legal recourse against you if you default. If you stop your ACH, be prepared to make some sort of arrangements to take care of the account ,or else they might file a lawsuit.

Guest · Posted: Thu Jul 24, 2008 7:18 am Subject:

I know I am going to default on 2 store front loans that I have ---- I just don't want them to be continuously debiting my account. Not sure how many times they will put them through the account.

Posted: Thu Jul 24, 2008 7:29 am Subject:

If you haven't defaulted on those store fronts yet, go into the stores BEFORE the next payment is due and request the EPP plan, that will only apply to pdl's which are members of the CFSA. The extended payment plan will allow you to make 4 equal payments on each payday.

Posted: Thu Jul 24, 2008 7:34 am Subject:

Thanks debtcruncher for that explanation. I always wondered about that myself when suggesting that someone close their bank account. Good to know.

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ACH Revocation on Store Fronts?

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