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I have a 2 pdl loans from two different companies huskhawk group and vince enterprises. I was reading posts on here about the huskhawk group saying that they take more out of your account and that there are no direct ways to reach them I don't want to have them keep taking more money than necessary I read that people closed their accounts and had the bank stop payments and let it go through a credit agency so I guess I'm wondering should I tell the bank to stop payment or should I let them take the money out of my account




If you have noway of getting a hold of them then they are going to continue to take money out of your account until you block the payment. Stop payments can be successful the first time and it depends on your banks procedures. Most can only do stop payments on ACH's by the amount only or company name. Some PDL's can get around that by spitting the amount in two or using a DBA name. You may want to consider opening a new account and putting a hard block on your old account. IF you have direct deposit or other transactions that go through your old account you will need to quickly move those to the new account.
I will look for the thread that talks about closing your account. There is some info you will need to read prior to doing that.

Sub: #1 posted on Thu, 07/24/2008 - 18:58

PinkLady PinkLady
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Here is the link that talks about closing your bank account.

http://www.debtconsolidationcare.com/paydayloan/close-acc ount.html

Sub: #2 posted on Thu, 07/24/2008 - 18:59

PinkLady PinkLady
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It is faster to get a live check then to switch direct deposits. You can always redirect your deposit in the future when all is secure.

Sub: #3 posted on Thu, 07/24/2008 - 19:12

Frogpatch Frogpatch
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frog is right,if you can try to get a live check until you get control of things.my former employer had a direct deposit requirement,but i had a 3 week window once i canceled from my other bank.it is best to have your money and control over it.

Sub: #4 posted on Thu, 07/24/2008 - 19:29

paulmergel paulmergel
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(Posts: 15506 | Credits: 1356.56)

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