Debt Consolidation Forums Payday Loan help forums

ACH Revocation on Store Fronts?

member profile picture
Posts: 3
Credits: 274.7
[Donate]

Can a revocation of ACH privileges be done on store fronts?




Yes they can. But storefronts are usually licensed - and therefore they have legal recourse against you if you default. If you stop your ACH, be prepared to make some sort of arrangements to take care of the account ,or else they might file a lawsuit.

Sub: #1 posted on Thu, 07/24/2008 - 07:39

DebtCruncher DebtCruncher
Moderators
(Posts: 2296 | Credits: 269.79)

I know I am going to default on 2 store front loans that I have ---- I just don't want them to be continuously debiting my account. Not sure how many times they will put them through the account.

Sub: #2 posted on Thu, 07/24/2008 - 19:48

Unregistered


If you haven't defaulted on those store fronts yet, go into the stores BEFORE the next payment is due and request the EPP plan, that will only apply to pdl's which are members of the CFSA. The extended payment plan will allow you to make 4 equal payments on each payday.

Sub: #3 posted on Thu, 07/24/2008 - 19:59

Shazzers Shazzers
Moderators Cum Industry Expert
(Posts: 17342 | Credits: 1592.85)

Thanks debtcruncher for that explanation. I always wondered about that myself when suggesting that someone close their bank account. Good to know.

Sub: #4 posted on Thu, 07/24/2008 - 20:04

llw1995 llw1995

(Posts: 1422 | Credits: 149.03)

Attachment
More information
  • Files must be less than 1.25 GB.
  • Allowed file types: txt pdf jpg jpeg png.
Post as a guest
CAPTCHA
This question (Case Insensitive) is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Post as a member

Share post

Page loaded in 0.812 seconds.