Steps to take....

It's probably too late for Monday, but before your next paycheck, can you stop it from going to your credit union since they are not being helpful? If nothing else, cancel your direct deposit, get a paper check, and go to Wal Mart or someplace else and cash it.

Hopefully, someone else can give you some other advice!

[size=3][/size] :cry:

All the paychecks now are direct deposit to a bank or credit union now. It is something a lot of large companies do now.

What about changing it to go into your bank account, instead of to your credit union account?

it will take 2- 4 weeks to do that. I found out something else on those internet and storefront pdls. If you do the storefront ones they can convert to ach deposits and the internet ach deposits and convert to paper deposits, how ironic is that. Also when you do a internet loan and sign the ok, you set yourself up to spam by all the other internet pdl. I thought they had a database to keep track on that stuff.

Well, I'm not really an expert on PDLs, but from what I've read here, if you can't close your account and you can't stop your direct deposit, then the best thing to do is to go into your branch, talk to the branch manager and get a hard hold put on your account. I believe this means that only deposits will go through and you will also not be able to access your money except by going to the branch and withdrawing it. Many banks will tell you that they can't do a hard hold, but if you are persistent, you should be able to get them to do it.

Usually, you would be advised to close your bank account, THEN revoke ACH authorization with the PDLs, but since your deposit is going to hit Monday and the ACHs will probably also hit on Monday, you may not be able to stop them before then.

Have you already checked on whether your PDLs are legal in your state so that you know which ones you will need to make arrangements with? If any of them are members of CFSA, they are required to offer you an EPP, which would allow you to pay them off in four equal payments. You have to request that at least one day before your payment due date.

Hopefully, someone else will be along with some additional advice for you!

oh, sorry did not specify deposit date. I get paid Wednesday on the 6th, I just was asking for monday so I can start preparing myself before wedesday come up.

I am from Nebraska drkreaver69 I pm'd you...

Oh good, then hopefully someone else will chime in with some advice in time for you to do something! (Weekends can be slow with not as many people on the forum.)

You could try going to your credit union on Monday, talk to the branch manager, and insist that they help you. You might be able to close that account and open another one, and they may be able to "forward" your direct deposit to that account but not "forward" any debits. Here is some information on closing your bank account:

http://www.debtconsolidationcare.com/paydayloan/close-account.html

thanks, I was just cleaning up my spam box of the payday loans offers, i tried to opt out but there was so many. I be on most of the night, I can't sleep regular because of this mess. It does not help either when i got job stress and dysthymia ( constant mild depression).

Maybe you should change your email address too!!! :wink:

Alias1958 :) , you made me laugh today for the first time...in the midst of all these monetary problems, where we can't live a peaceful, worry-free day, you put a funny note regarding changing the email too. We need an SOS package!! Thanks.

Soky, I'm glad I could brighten your day a tiny bit! :)