can I stop a debit from a payday loan company?

You can place a stop payment with your bank. Knowing BOA they will charge you for this. Have you tried contacting the payday loan coming to stop them from debiting your account. What payday loan company is it? Store front or internet?

This is an internet payday loan company called TenDollarPayDayLoan.com

It is a electronic debit I didn't send a physical check, so I'm not sure how to stop payment on a electronic debit?

When does your loan come due?

TendollarPaydayLoan may debit your account using the names MTE Financial or Rio Resources. The company goes be many diffrent name. Bank of America can block ACH debits (electronic debits) from your account. Is this the first time they going to debit your account? If not then BOA should have the code information already to help block them from taking any money. Or they may actual have you to wait until the ACH debit goes through and then you will have to file a formal dispute.

You should probably put a stop payment on the debit. Your bank will probably charge you a fee. Also, see if the bank can block any type of debit from this company. Since it is a internet pdl, they probably have alot of other dba's that they go by. If so, then the debit would go through. Talk with your bank and see what the best thing to do b/c the internet pdls will bleed your bank account dry with alot of NSF fees. Even though you tell the pdl that there will be no money in your account, they will still try to debit and just cause you more fees.

Another option would be to close the account that they have access to and open a new one. This is what I had to do.

when I was dealing with BOA, there was a fine line about stop payments because companies are tricky, they can 'adjust" the ACH by a penny and that fee will come through also if you name a company and they use another name it goes through. My advice to you is to close your account and open another one, too many people have been bled dry here and put in a negative hole because of IPDL tricks. Good luck and keep posting

they use ACH for deposits and probably debits also.

They have made debits before, but I've always been able to pay the interest till now.

I'm curious about the for deposit only option with banks...how do you do that?

Bank of America will have to suspect some typ of Fraud on your account before they mark it for deposit If possible close your checking account.
What state are you from and how much have you paid to them so far.

I'm from Oregon. I've paid tendollarpaydayloan about $800 so far taking out $300 loans.

Thanks for the info on deposit only.

tendollarpaydayloan does put in the agreement not close the bank acount. I just got served court papers today on a local paydayloan for NSF on a physical check written on a $200 loan. I'm hoping I can come up with conviencing info for a court hearing...or at least delay the judgment against me.

Did you try to work out some type of payment arrangement with your local payday loan? Maybe it's not to late to call and work something out before the court date.

Call the storefront lender and see if you can work something out now. Since they are licensed to do business in your state.
While they add that informationthe lender cannot require you to pay electronically under the Electronic Fund Transfer Act (EFTA at 15 U.S.C. 1693a(9)). You have the right both to stop payment on a specific withdrawal and to revoke authorization for all future withdrawals by a lender
For more information dealing with payday lenders check out this site http://www.paydayloaninfo.org

I would contact them IN PERSON and tell them you will start giving them good faith money anything you can afford, give the cash and get a receipt

If your bank will not place a stop payment on them, I would close my acct and open a new one. If they aren't willing to do that, I would change banks.

Yeah but storefront is local and they can haul your but into local court for a bad check

Yea, that's true also..It seems like only the 2 of us are actually posting here...

I am just chillin until I have to go dry my hair lol

I am just breaking until I decide to finish my laundry...LOL

Ah Sunday chores...lol I think I just heaard the buzzer go off on my dryer actually hahaha

Yes, definitely deal with the store front first. Tendollarpaydayloan is illegal in a lot of states. If they are illegal in your state, you will only need to pay them the principal that you borrowed and you would have more leverage with them. They won't stop debiting from your account, though, unless you put a stop payment or, as several on this site have had to do, close the account and open a new one. I wish you the best of luck.