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CLOSE YOUR ACCOUNT - Additional drafts after ACHs Revoked!

Date: Thu, 07/23/2009 - 11:46

Submitted by aubrey
on Thu, 07/23/2009 - 11:46

Posts: 1203 Credits: [Donate]

Total Replies: 4


While preparing my e-mails to my pdls for tomorrow, I reread the contract for One Click Cash. It states "if you timely revoke this authorization to effect ACH debit entries efore the loan is paid in full, you authorize us to prepare and submit one or more checks drawn on your account on or after the due date of your loan. This authorization ........ may not be revoked by you until such time as the loan is paid in full.

WHAT? That's why additional drafts keep going through even though ACH is revoked.

So, follow advice on this site and close your account, no matter how inconvenient it may be. They will keep drafting and drafting and drafting.


yeah- if we read the contracts there are all sorts of little goodies like that in them. Of course at the time I took mine out I had full intentions of getting them paid back so even though I read about some of the collection practices, I figured that would'nt apply to me becuase I am going to just pay it back. Uh...yeah...


lrhall41

Submitted by resqume1 on Thu, 07/23/2009 - 12:32

( Posts: 324 | Credits: )