I have a Chase bank account with $-900, and a PNC bank with $-500.
I get paid $1100 on Friday and $1100 on 3/23.
I have 4 payday loans, none of which I have made any payments on yet (but I will pay off the principals eventually!).
1) PayDay One - Total $600.....141 due on Friday.
2) CashnetUSA - Total $450 .....90 due on Friday.
3)PlainGreen - Total $700.......102 due Friday.
4) CashCall (sold to CC from WesternSky) $1500.....200 due on 4/1.
So, I have $-1400 in bank accounts, $1100 incoming on friday, and another $333 due in PDL's.
I can pay this but I need some time to build up a bank account!
Please help! I'm in Ohio, if that helps.
For placing a block on my account, Chase says:
To request an account restriction, you will want to visit
your local branch. This request is processed when you want
to close the account and open a new account due to the
account being compromised. This request will ultimately
close the account within 10 calendar days. Please visit
your local branch to request an account restriction. I
apologize for any inconvenience this has caused.
For closing outright:
We are sorry about your decision to close your account
with us. Chase offers many account options and we may
have one that will better meet your needs. You can find
more information on the variety of accounts we offer by
visiting our website at www.chase.com, visiting a Chase
branch or calling a Telephone Representative.
We are unable to close your account through e-mail. Our
records indicate that your account ending in 8202 has a
negative balance of $707.15. Please contact our Deposit
Account Collections department at 1-800-555-0433.
Representatives are available from Monday to Friday, 8:00
AM to 12:00 AM, Saturday, 8:30 AM to 12:30 PM and Sunday
5:00 AM to 9:00 PM EST.
If I put a block on it, it seems as though the full effect takes 10 days and the debit attempts will still (possibly successfully) come on Friday! No!!!!!
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.