Open new checking/savings accounts??? - Loan Modification Forum

azpoor · 04-19-2009, 04:33 PM

My 100& financing loan is with Wells Fargo. I am in AZ. Loan is non-recourse. I have paid my payments via their website with my CU checking account. Do I need to open a new account with same CU or open account with a different CU to be safe that Wells doesn't try to get access to my current account's funds?

Olypentax · 04-19-2009, 05:17 PM

I don't believe they can take money out of your CU account without a court order. My Wells Home Eq. payments were automatically deducted from my CU account and I went by a branch, filled out a form, stopping the ACH withdrawal and that worked.
Just stop paying them, you should be fine keeping your checking account at your CU.

04-19-2009, 04:33 PM	#1 (permalink)
azpoor Senior Member Join Date: Apr 2009 Posts: 60 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Open new checking/savings accounts??? My 100& financing loan is with Wells Fargo. I am in AZ. Loan is non-recourse. I have paid my payments via their website with my CU checking account. Do I need to open a new account with same CU or open account with a different CU to be safe that Wells doesn't try to get access to my current account's funds?

04-19-2009, 05:17 PM	#2 (permalink)
Olypentax Senior Member Join Date: Jan 2009 Posts: 55 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Open new checking/savings accounts??? I don't believe they can take money out of your CU account without a court order. My Wells Home Eq. payments were automatically deducted from my CU account and I went by a branch, filled out a form, stopping the ACH withdrawal and that worked. Just stop paying them, you should be fine keeping your checking account at your CU.

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