Saturday, August 8, 2009

Can I revoke Authorization on payday loan debits?

Thru the bank? Or do I have to actually close my account??



I'm in the process of putting them into a debt consolidation program and need to know the best way to prevent them from both being debited from my account and being paid thru the program.



I would really hate to have to close my bank account. That just feels shady.



Can I revoke Authorization on payday loan debits?

Once you notify the bank that you no long want payday authorization, they will stop debiting your account but it may take 3 to 4 weeks. No need to close the account and have to open another.



Can I revoke Authorization on payday loan debits?

You could let your bank know that you have revoked the authorization, BUT there is no garantee that it may not slip through. The best way is to CLOSE the account..can't take money oit of a closed account!

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