How to stop payday loan companies from taking money from my account
Date: Mon, 06/12/2017 - 22:30
Call and write the company
Call and write the company that you are taking away the authority for the company to take automatic payments out of your bank. This is called “revoking authorization. Inform your bank also that you have “revoked authorization” for the payday loan company to take automatic payments from your account.
Even if you have not revoked
Even if you have not revoked your authorization, you can still stop an automatic payment by giving your bank a stop payment order.
If you’re having a problem stopping a the payday loan company from draining money out of your account, you may contact your state regulator or state attorney general.
You can also submit a complaint to the CFPB at consumerfinance(dot)gov/complaint or (855) 411-2372.
Revoke ACH authorization to
Revoke ACH authorization to stop them. You can also submit a complaint against them with the CFPB online.