Payday Installment Loans - Revoking ach success?

Why don't you do one thing? Why don't you ask the bank to stop any kind of auto debits by anyone from your bank account? There is yet another thing I need to tell you. Your bank has to stop payment on an automatic withdrawal if you notify the bank within 3 business day period. This is enough to stop the transfer.

Like I said in the first post, I already told the bank something similar and they were not very helpful. I know they have to stop the withdrawal by law If I tell them to. But when dealing with multiple companies I have read horror stories about them trying to debit the account multiple times and with different names.
What I am asking is if the payday loans listed typically will honor an order to revoke the ach, or will they continue trying to debit the account?

Have you submitted a written application to the lender and a copy to the bank to revoke ACH authorization? If required, you can close the bank account too.

Yes Mabelle. And as I posted in my first post I cannot yet close the bank account which is why I am asking the question if following the steps to revoke ach typically is enough, or do these companies still try and debit your account after submitting a written letter to them with certified mail to revoke ach.

But I am beginning to think that noone actually reads the questions that people post on here based on the replies I have gotten

Go to your bank and meet them in person. Ask them to close your bank account.

Hello, once again. I can't. I am waiting for the checks to clear that I paid my rent with. My landlord still hasn't cashed a check I wrote in August from my bank account. I can't close my bank account, those checks will bounce.

What you're saying is correct. Payday loan companies do try to debit accounts with different names several times. Payday loan companies are less likely to honor the order to revoke the ACH, which is illegal though. They may try to debit the account again. Closing your bank account is not an option right now. I know that.

You can do one thing. You can sit with your bank branch manager and tell him about the Regulation E, which is stated below:

12 C.F.R. ?? 205.10 (c) Consumer's right to stop payment
(1) Notice. A consumer may stop payment of a preauthorized electronic fund transfer from the consumer's account by notifying the financial institution orally or in writing at least three business days before the scheduled date of the transfer.

They are required by law to honor your request to stop the transfer.

You have to convince your bank to stop any auto payments.

I was able to get the checks cashed and closed the bank account. Opened a new account so the situation should be remedied. Working with Oak View Law Group to hopefully get these loans settled in the future.