logo

Debtconsolidationcare.com - the USA consumer forum

PayDay One Question?

Date: Sat, 11/22/2008 - 02:15

Submitted by nohiogal
on Sat, 11/22/2008 - 02:15

Posts: 2582 Credits: [Donate]

Total Replies: 1


Does anyone that had a PayDay One loan know if they hit the ACH charge the exact day the loan is due?

I blocked their ACH transaction at my credit union and no charges went through on Friday like it was supposed to but the email I received from them Friday made it appear as though the charge did not go through yet and they could not work with me unless that happened. I know most ACH go though ASAP in the morning that they are due.

I did notice on the loan agreement that it stated that it can sometimes take 5 days to post to the bank but I have never had that happen. Usually they are lickity split.