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The payday co, ameriloan (https://ameriloan.com/), I borrowed $500 from about 20 days ago, it says that "To tell Us that You are revoking and terminating ACH debit Authorization, You must notify Us in writing at ... or via e-mail... or via fax..."
So, All I have to do is email them with my necessary account info to stop ACH debit, right?
Also, do they not have to be physical present in my state in order to do the payday loan license (I live in iowa) or its considered a illegal loan?
Just asking how do I write a letter to this payday company, ameriloan, to revoke ACH debit authorization.
@09Lexie I have to pay $39 to stop the ACH. SO any other way?
@improvent363 wrote:@@09Lexie I have to pay $39 to stop the ACH. SO any other way?
Wow!
Why don't you do this? Send an email rescinding your standing authorization for the ACH, and follow up with a written letter sent certified mail.
@Open123 wrote:
@improvent363 wrote:@@09Lexie I have to pay $39 to stop the ACH. SO any other way?
Wow!
Why don't you do this? Send an email rescinding your standing authorization for the ACH, and follow up with a written letter sent certified mail.
+1 You said how they told you to rescind permission in your first post. Just do as they said.
@improvent363 wrote:The payday co, ameriloan (https://ameriloan.com/), I borrowed $500 from about 20 days ago, it says that "To tell Us that You are revoking and terminating ACH debit Authorization, You must notify Us in writing at ... or via e-mail... or via fax..."
So, All I have to do is email them with my necessary account info to stop ACH debit, right?
Also, do they not have to be physical present in my state in order to do the payday loan license (I live in iowa) or its considered a illegal loan?
If you took out the loan. You owe the money.
@Odiseous wrote:
@improvent363 wrote:The payday co, ameriloan (https://ameriloan.com/), I borrowed $500 from about 20 days ago, it says that "To tell Us that You are revoking and terminating ACH debit Authorization, You must notify Us in writing at ... or via e-mail... or via fax..."
So, All I have to do is email them with my necessary account info to stop ACH debit, right?
Also, do they not have to be physical present in my state in order to do the payday loan license (I live in iowa) or its considered a illegal loan?
If you took out the loan. You owe the money.
+ 1 - you borrow, you pay. They will be all over you like a cheap suit.