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I have around 10 online payday loans and bank with Wells Fargo. Has anyone had any experience with closing your account with Wells Fargo? I am using Langhorne to help settle the debt but did not know what ramifications closing my account may have.




Here are the accounts I have:
paydaymax
mycashnow
cashnetusa
VC Funding
ACC
Nationwide Cash
magnum cash advance
Impact Cash
Think Cash

Sub: #1 posted on Wed, 08/13/2008 - 01:54

eleasehill123 eleasehill123

(Posts: 4 | Credits: 1.35)

Wells Fargo will force open your closed account if any ach's come through within 30 days . . . . They can be a huge pain to deal with.

Make sure that the account is frozen. Otherwise, the transactions will continue to go through.

Sub: #2 posted on Wed, 08/13/2008 - 02:19

goudah2424 goudah2424

(Posts: 7936 | Credits: 1224.9)

Langhorne will be handling the settlement but I am a little confused, I know I have to close the account, and pay them a fee plus the first month's payment (do they automatically set up an account for me?) but I am not sure if I need to send ACH revokation or do they handle that as well?

I am worried because I need to do this quick but I have a couple of checks that need to go through but I am worried they will take to long to clear.

Sub: #3 posted on Wed, 08/13/2008 - 02:23

eleasehill123 eleasehill123

(Posts: 4 | Credits: 1.35)

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