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I have around 10 online payday loans and bank with Wells Fargo. Has anyone had any experience with closing your account with Wells Fargo? I am using Langhorne to help settle the debt but did not know what ramifications closing my account may have.

Here are the accounts I have:
VC Funding
Nationwide Cash
magnum cash advance
Impact Cash
Think Cash

Sub: #1 posted on Tue, 08/12/2008 - 13:24

eleasehill123 eleasehill123

(Posts: 4 | Credits: )

Wells Fargo will force open your closed account if any ach's come through within 30 days . . . . They can be a huge pain to deal with.

Make sure that the account is frozen. Otherwise, the transactions will continue to go through.

Sub: #2 posted on Tue, 08/12/2008 - 13:49

goudah2424 goudah2424

(Posts: 7936 | Credits: )

Langhorne will be handling the settlement but I am a little confused, I know I have to close the account, and pay them a fee plus the first month's payment (do they automatically set up an account for me?) but I am not sure if I need to send ACH revokation or do they handle that as well?

I am worried because I need to do this quick but I have a couple of checks that need to go through but I am worried they will take to long to clear.

Sub: #3 posted on Tue, 08/12/2008 - 13:53

eleasehill123 eleasehill123

(Posts: 4 | Credits: )

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