logo

Debtconsolidationcare.com - the USA consumer forum

closing bank account

Date: Wed, 08/29/2012 - 14:23

Submitted by anonymous
on Wed, 08/29/2012 - 14:23

Posts: 202330 Credits: [Donate]

Total Replies: 4


If I close my bank account what can the payday company do?


Quote:

Nothing. If you close your bank account and your credit card payment doesn't go through, what can they do?


Who is talking about a credit card payment?? This is a payday loan with more than likely an ACH debit going thru.

If you do not do an ACH revocation, an ACH can open a closed account and cause overdrafts and NSF fees.


lrhall41

Submitted by SOAPLADY on Thu, 08/30/2012 - 21:05

( Posts: 17315 | Credits: )


I said that because he's probably here because the lender is threatening him with arrest for closing his bank account. I'm sure you've heard the line "closing your account is writing a bad check and it's check fraud which we will send the sheriff to arrest you if you don't pay" type of crap. I used the CC example to display that, just because you close an account and a payment doesn't go through, doesn't mean you committed "check fraud"


lrhall41

Submitted by waffles on Thu, 08/30/2012 - 21:40

( Posts: 1697 | Credits: )