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My name is Ron Preacher I'm an attorney practicing bankruptcy and creditor's rights in Maryland Delaware Pennsylvania and Virginia, and today I want to answer the question you know I have a payment that I'm making from an auto debit from the bank and I need to stop that payment How do I do that Well you know sometimes that seems likest's going to be tricky or frustrating, but it should be pretty simple First go to the bank Tell the bank you don't want that payment coming out of your bank account anymore The bank really should honor that request and then withdraw that ACH or let's say you have it coming out from a debit card You could go to your debit card company and say you know what I have this automatic payment coming out, and I need to stop it So that's the first thing I would do Iago to your financial institution The next is go to your creditor Tell the creditor listen I need to stop the auto debits that are coming out, so I'm withdrawing the authorization that I gave you to take these auto debits The creditor really does need to honor that because the creditor can't just take money from you without your authorization If you're making no headway in trying to get free of this payment you may have the last resort which is simply pulled all the money out of that account and start putting money into a new account It could be at the same bank it could beat a different bank This way when the auto debit comes out of that old account it will fail and the creditor won't be happy but at least you won't have that money coming out of your account on a regular basis The good news is these days it's pretty easy to change if you have your Social Security check or disability check or your payroll check going into a bank account every month or every other week or however but every period of time that you get your pay it's pretty easy and pretty quick to have that changed to a new system My name is Ron Preacher I'm an attorney practicing bankruptcy and creditor's rights and if you have a question about how you can move your money or change it so that the auto payments aren't coming out every month please pick up the phone and call me I would love to hear from you to hear from you
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