How To Stop Ace Withdrawal From Acct
I live in Texas and I made a $1300 payday loan with Ace online that is coming due on Friday. Some things have changed and I can\'t afford to pay it back all at once, nor can I afford to extend it and pay just the additional $300+ in interest.
I closed my checking account with Bank of America today but I was told that it can be reopened if any electronic deposits or withdrawals come within the next 30 days.
Am I going to be hit with a $1600 ACH withdrawal (and associated overdraft fees) or would something this large be denied?
Can either Ace or the bank take money from any of my other accounts to pay for this?
I have no problems paying this off in payments, as long as they don\'t keep adding on outrageous interest, but when I called last Fri to ask about an Extended Payment Plan they said they didn\'t have anything like that.
Any advice is greatly appreciated!