Revoke ACH to pay in full by another means??
Date: Tue, 01/13/2009 - 15:44
Hello,
I asked this question in another post, but am still unsure of the answer. I have pulled together enough money to pay all my internet loans in full, and have made EPP with my storefronts.
My question is this: Since I have enough to pay my internet loans in full, can I revoke ACH (without closing my account) and ask for another method to pay them off (prepaid card, etc.)? I could put the money in my account and just have them pull the full amount, but I really don't want them debiting my account anymore. I'm not wanting to revoke ACH and then make arrangements with them after I default. My payments are due on the 30th of January and I want to have them paid in full by then.
I have called each lender for the past several days and have yet to talk to a live person.
My thought was that I could send an email revoking the ACH and asking for another payment method. Has anyone else done this when you are offering to pay in full and what has the result been? I would love to get them to give me a little credit for the interest paid, but this might be wishful thinking.
Anyway, I am copying and pasting my info. again below. Any guidance is greatly appreciated. I want to get them paid off as soon as possible.
This is my current situation:
Storefront loans:
Check Into Cash-on EPP with 1 pmt. to go
Advance America-stopped pmt. on check to be able to enter into EPP. 1st pmt. due 1/30.
Check N Go: $300 loan/$30 fee monthly. Will enter into pmt. plan on 1/30.
Cash Express: $300 loan/$30 fee monthly.
Internet Loans:
ABC Payday Loan: $350 loan/$105 fee monthly/paid $210 in fees
PaydayYes: $475 loan/$237.50 fee monthly/paid $118.75 on 11/08 (was only two weeks since I got loan) and $237.50 on 12/30 for a total fee of $356.25.
Speedy Payday Loans: $300 loan/$90 fee monthly/paid $180 in fees
E-payday loan: $350 loan/$105 fee monthly/paid $210 in fees
USA Payday loan: $300 loan/$90 fee monthly/ paid $90 in fees
Paydayone: Have increased loan to $650 (new loans) with a total fee due on 1/26 of $211.
Thanks for the help! This forum is great!
I asked this question in another post, but am still unsure of the answer. I have pulled together enough money to pay all my internet loans in full, and have made EPP with my storefronts.
My question is this: Since I have enough to pay my internet loans in full, can I revoke ACH (without closing my account) and ask for another method to pay them off (prepaid card, etc.)? I could put the money in my account and just have them pull the full amount, but I really don't want them debiting my account anymore. I'm not wanting to revoke ACH and then make arrangements with them after I default. My payments are due on the 30th of January and I want to have them paid in full by then.
I have called each lender for the past several days and have yet to talk to a live person.
My thought was that I could send an email revoking the ACH and asking for another payment method. Has anyone else done this when you are offering to pay in full and what has the result been? I would love to get them to give me a little credit for the interest paid, but this might be wishful thinking.
Anyway, I am copying and pasting my info. again below. Any guidance is greatly appreciated. I want to get them paid off as soon as possible.
This is my current situation:
Storefront loans:
Check Into Cash-on EPP with 1 pmt. to go
Advance America-stopped pmt. on check to be able to enter into EPP. 1st pmt. due 1/30.
Check N Go: $300 loan/$30 fee monthly. Will enter into pmt. plan on 1/30.
Cash Express: $300 loan/$30 fee monthly.
Internet Loans:
ABC Payday Loan: $350 loan/$105 fee monthly/paid $210 in fees
PaydayYes: $475 loan/$237.50 fee monthly/paid $118.75 on 11/08 (was only two weeks since I got loan) and $237.50 on 12/30 for a total fee of $356.25.
Speedy Payday Loans: $300 loan/$90 fee monthly/paid $180 in fees
E-payday loan: $350 loan/$105 fee monthly/paid $210 in fees
USA Payday loan: $300 loan/$90 fee monthly/ paid $90 in fees
Paydayone: Have increased loan to $650 (new loans) with a total fee due on 1/26 of $211.
Thanks for the help! This forum is great!
I would freeze your account or make it deposits only. Then I wo
I would freeze your account or make it deposits only. Then I would get a prepaid visa card and load it with just the amount you need for each pdl. Pay them one at a time and only what you owe. Then re-load and pay the next one.
