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Debtconsolidationcare.com - the USA consumer forum

can i stop payment on the loans

Date: Sun, 01/16/2011 - 11:32

Submitted by anonymous
on Sun, 01/16/2011 - 11:32

Posts: 202330 Credits: [Donate]

Total Replies: 3


Can i stop payment on the patday loans i cant survive like this


First of all, please list the following information so we can help you.
-Names of each pdl company.
-Whether they are store front or Internet.
-How much you borrowed.
-How much you paid so far.
-The state in which you reside.
I'm sorry to tell you this, but there is only one sure way to stop the withdrawals, and that is to close your account. If that isn't an option, then tell the bank to put a hard debit block on your account. Before you close your account, read this information at the link below. http://www.debtconsolidationcare.com/paydayloan/close-account.html

Please do not let any of these pdl's know you are going to close your account, until AFTER you have done it!


lrhall41

Submitted by Shazzers on Sun, 01/16/2011 - 12:40

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It will be hard. My tried this an also accumulated hundreds of dollars in NSF fees and had my account closed due to a negative balance. I still could not pay bills due to the bank now taking all my money! Close your account if you can!

My bank will only put a stop on an ACH transaction unless you have the EXACT amount and name of the company. This means having to know how the name will appear when they hit the account.

You can try to put a stop payment on the ACH, but they are aware of this tactic too. I had one that I owed $500.00 and they ran it through my account as $250 and $250. Or they will change the amount by a penny and the bank will let it go through. I had one that I put a stop on that I had the name as National Cash Advance, they ACH as NationalCashAdvance (no spaces), the bank let it through.

Having been throught it myself it is worth closing the account!! You will not get any further ahead money wise unless you do!


lrhall41

Submitted by on Sun, 01/16/2011 - 13:07

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