How to Cancel a Debit Authorization

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How to Cancel a Debit Authorization – This is a place for the community to provide tips and advice on How to Cancel a Debit Authorization. This topic was created by Jrg Reichstein and the tips are provided by the community. The tips you add here can be your own or referred from another site. The best tips are then ranked at the top when up-voted by members of the community.

Tip 1 - How to Cancel a Direct Debit | eHow

Published: 9 years, 1 month(s) ago | Submitted by Dick Natrop | permalink

Consumers can use direct debits to make regularly scheduled payments to creditors' accounts right from their personal checking or savings account. Scheduling a direct debit can help you avoid missing payments and accumulating late fees and penalties. It also eliminates the need to write checks or pay the bill in person. But when you have cash-flow...

For further reading: http://www.ehow.com/how_6462641_cancel-direct-debit.html ^[1]

Tip 2 - How can I stop a payday lender from electronically taking money out of my bank or credit union account?

Published: 9 years, 1 month(s) ago | Submitted by Phil Elsbree | permalink

There are three things to consider when faced with this problem. First, do you think the transfer from your account is unauthorized (that is, you did not give permission or the lender is going beyond what you initially gave permission for)? Second, do you want to stop one or more payments out of a series you actually did authorize? Third, do you want to completely revoke (cancel) your authorization? Unauthorized transfers If

For further reading: http://www.consumerfinance.gov/askcfpb/1605/how-can-i-stop-payday-lender-electronically-taking-money-out-my-bank-or-credit-union-account.html ^[2]