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I was in a bind and had to take a mobil loans loan out. I KNOW better. Now I am drowning.

I have paid the principal back. I am in Michigan. What is next? My checking acct is all ready overdrawn.

Notify the payday lender in writing to stop the withdrawals and inform that you are revoking the automatically withdraw funds from your account.
Send a copy of the letter you sent to the payday lender. Tell your financial institution in writing that further transfers are unauthorized and should be stopped or refunded to you.

Sub: #11 posted on Wed, 09/20/2017 - 05:38

sanderspatricia29 sanderspatricia29

(Posts: 926 | Credits: )

You have to act quickly as ACH processing generally debits the checking account on the next business day following the transaction. Make a call to your bank and learn the process to revoke ACH because the process can be different at each financial institution.

Sub: #12 posted on Wed, 09/20/2017 - 07:05

tiarajoseph11 tiarajoseph11

(Posts: 412 | Credits: )

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