ACH Block

Not long, usually no longer than a couple of business days. ACH blocks aren't always effective in stopping them, however. The only way to ensure your money is safe is to close the account.

Closing your account is really the only sure way to stop an illegal lender, once they have your account information so does every other illegal lender on the Internet, and only God knows who else. I wouldn't risk keeping that account open.

I agree. However, the bank will not let me close it because I have a negative balance. That's why I am doing ach stop payments on Friday and the account will be in positive the same day and I will close it and reopen another account. Thank you for the advice.

Yes, you need to bring the account in the positive before you close it. Do it asap, otherwise the illegal PDL lenders will leave no stone unturned to take out their money.

I have had a debit block on my account for a month while I clear up my negative balance. It has worked great nothing has come through.

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I called the bank and the rep stated I could not do an ach stop payment because my account was in negative. I told her that I have direct deposit and they could just take out of that when it post Friday. My direct deposit will show up as pending tomorrow, should I call back and ask for a supervisor?

Probably would've been best if you'd talked to the bank manager in the first place, that's the best way to go. I can't imagine your bank wouldn't let you put your account on "deposit only" status until you've cleared up the negative balance.

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Everyone is right. You just need to contact the Bank Manager and ask for a "deposit only" to be placed on your account. My account was negative when I put the "deposit only" block on it. The manager shouldn't have a problem doing that for you.

Remember when speaking with the Bank Manager it is not a ACH stop its putting "deposit Only" on your account. This will prevent any debits coming out (Checks, ATM, ACH) the only thing you can do with this account is make a deposit.

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Yes, the account owner will always have access to their money, but no one else will be able to get their hands on it with a debit block.

Thanks for your advice. I was able to do the ach stop payments. Once, my pay process tonight, I will be closing the account and reopening another account tomorrow.

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The ach's were stop and I got the account close and another account opened. I have two loans with locals, Check Into Cash and B&R Checkholders that will be paid off in 2 months, they require payments to be withdrawal from my bank account as thats the way the account was setup. So, I opened another checking account at another bank for them. Once these accounts are paid off, I will close that account. I do not want any of these companies to have access to the account where my pay is deposited. As always your advice is greatly appreciated.

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I just sent out my emails and faxes to the illegal internet lenders. I guess tomorrow I should expect a lot of phone calls. Your templates were very helpful.

As of October 19, 2010, I received one phone call from CK Marketing offering to settle for $300.00. I had inform them in my letter that I had borrowed $500 and paid in interest $450 and I only owed them $50. I haven't heard from QXLonline.com and 247Greenstreet.com/Northway Financial. QXLonline.com borrowed $200.00 paid in interest $380.00 due refund $180.00. 247Greenstreet.com/Northway Financial borrowed $550.00 paid in interest $318.00 owe them $232.00.

I have read pages and pages of information on this forum and want to say Thank You to everyone for helping other tackle the payday loan lenders.
i currently have 8 payday loans and have paid excessive interest on all but 2 of them.
Needless to say I have had little money left to pay bills.
I sent them all the letter to revoke mu ach debits. I have also asked for refunds. I have filed complaints with the BBB,Kentucky Federation of Financial
Institutions and with the fraud department at my bank.
My bak manager was not helpful and refused to let me have a deposit only account or to put a debit block on the account. He said the only thing i could do is to pay the overdraft fees and close the account. In response i filed a complaint against the bank with DFI and called the fraud department.
Today Star Cash debited my account multiple times and i have addition NSF fees.
Any suggestions to deal with this bank?

Sounds like you're doing very well indeed; yes, the phone calls should be coming, but don't let them scare you. And of course if you have any questions, this is the place to ask!

I finally was able to get a deposit only on my bank account. I called the fraud department of the bank and all nsf and withdrawals were refunded to my account. the bak will now allow me to close my account after my paycheck
is deposited and will give me a new account.
ssm offered me a pif and i again requested a refund.
instant cash called and left a vm stating i need to call them. This was after they sent me an email saying they were sending me to collections.
cash jar was repeatedly sending emails saying payment was due but i have not heard from them for several days as i sent them an email requesting a refund.
I have not heard from star cash,integrity advance and galaxy funding in several days. i know they have been contacted by the BBB and hopefully the DFI by now.
I am waiting for responses and hope to get some refunds as i have overpaid by over $2000.00 to these illegal companies.

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It's been almost three week and I have not heard from 247Greenstreet.com/Northway Financial or QXLonline.com. I received many calls from CK Marketing for about two weeks and they also called my mother and a co-worker and they sent letters to my home and work locations.