Do I pay my loans on friday

If you are filing, STOP PAYING! Close your account!

When I close my account, can I open another account with the same bank or do I have to go to a differnet bank? I have had the same checking account for 17 years and though it will be a pain, I want to make sure that I can stay with the same bank and not have the pdls be able to access my new accounts.
Also, when I do not pay on that day, and my paper work is sent, how long do they have to stop with trying to collect it?

Talk to your bank and have them put an ACH block on your account. Revoke ACH authorization with the PDLs. You with a small or big bank?

You should be referring these question to your atty.

First, the OP should be working their bankruptcy attorney if they have one. They will be able to best handle the situation while keeping their client's best interests in mind.

That being said, talk to the branch manager of your bank. Ask them what the bank's policy is on account closure. In many cases, banks put a hold on an account closure for 48 hours to ensure that no other debits come out of the account. If you take everything from the account and close it, only to have a pre-authorized debit hit the account within holding period, you could be hit with and be responsible for the loan payments that hit the account plus any applicable overdraft charges as well. If the amounts remain unresolved you will be reported by the bank to Chexsystems and it will be extremely difficult to obtain another bank account.


Your attorney can advise you how long the process will take and what other steps you can take to secure your money. Hindsight is always 20/20, but if you ever find yourself in a similar situation, keep the following in mind:


a) Allow for up to a week for an employer to stop a direct deposit and issue a manual check. I've been able to get deposits halted in as few as 4 business days before hand but the key is determining when your employer transmits payroll to their processing company if they use one.


b) Allow for up to four business days for a bank account to be closed. This includes putting in the request, withdrawing funds from the old account and transferring it to the new and the 48 hour hold many banks place on accounts before they are permanently closed.


I'm not familiar with WI law and I'm not an attorney. However, I have experience in dealing with payday lenders, both legal and illegal. If you have legal counsel, it's best to seek them out for factual, proper ways to secure your deposit coming this week to prevent the payday lenders from accessing it.