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Blocking ACH Debit

Date: Fri, 01/12/2007 - 21:42

Submitted by mollie.huber
on Fri, 01/12/2007 - 21:42

Posts: 47 Credits: [Donate]

Total Replies: 3


Today, I blocked Venture Zur, MTE Financial and Instant Payday advance at my bank. What should I expect next from them? Venture Zur has been debiting my acct for over 2 yrs I have paid the $300 over and over again! Instant Payday Advance debited my acct for $210 and I had on my record that I had finished paying the, on 12/29/2006! MTE Financial I still owe them $100 (Principal) they debited the account on 1/3/ for $95.00 (50paydown + 45 fee) but since I read last night about them I figured I blocked them and see what happens. I still have 2 more! Please advice!


Now that you have blocked the companies from debiting in your account, expect them to be calling you. They will force you to send more money to get the loan paid off. Recite the laws of your state and ask them to mark your account paid in full. Tell them that if they are not going to do this, you will be filing your complaints with the local AG and the BBB against them on charges of taking more money even after the account is paid off. Also, tell that you are going to mention their refusal to mark your account closed if they don't get it done. Make sure that you have gone through your bank statements and are confirmed about your payments. Double check with your state laws. What state are you in?


lrhall41

Submitted by onelamb on Sat, 01/13/2007 - 09:22

( Posts: 433 | Credits: )


Make sure that you have listed on the blocks that all amounts from these companies are blocked. I have found in my personal experience that these companies will stop at nothing and try different, smaller amounts at various times to get their money. So I would check with your bank to ensure that this language is entered on the block.


lrhall41

Submitted by kscornell on Sat, 01/13/2007 - 09:24

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