payday loan
Shannon asked:


Is there a number of times they can electronically try to get money from your account? My account is currently overdrawn and I can’t pay and they keep getting me more and more overdraft fees. How can it be stopped? Its impossible for me to pay off at this rate. Can Bank of America do something even thoguh i am overdrawn?

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4 Responses to “How many times can payday loan companies try to withdraw money from your overdrawn bank account?”

  1. Have you tried calling BoA and asking?

  2. You authorized the lender to do so when you took the loan. Close the account.

  3. As many times as the account is open and you can afford to pay the overdraft fee………….

  4. if you go to the bank and ask for a stop payment on any amounts from that pay day loan company, you will not be charged overdraft fees. Usually the stop payment fee is $10 to $15.