ridiculous?whats ridiculous is that this is still happening to you.i dont know about where you are but in canada we can close an account regardless of loans coming out.we then make arrangements with creditors to draw payments out of the new account.the only ridiculous thing here is that you have allowed this to go on so long.good god i am becoming varnull.LMAO.
There is one other way...hire a lawyer and take them to court. It is a lot easier to close the account. Before you close the account, open a new account and move your bills to it. (shop around, banks are competing heaviliy, and you might find a better account is available) [edit] You can definitly find a better account; my bank would never play such games with me. Directv tried to charge me for a month that I did not have the service, a simple call to the bank reversed the charge.
aol robbed me for 5 months.. my bank were no help at all in the matter. when I tried finally to close my account they refused and started sending me nasty letters.. continuing to pay even though no funds were available and charging me accordingly. aol insisted I contact them on the phone number which was associated with the account.. which was not possible as it had been disconnected. Eventually they saw reason, but not until some legal letters were sent at great expense.. I suggest never ever using them. We need protection from aol and the banks.. it seems it's not our money we deposit in the bank and that they decide who to pay with or without our permission.
I have had fraudulent charges to my debit card & checking account in the past, and Wachovia has always reversed the charges. I don't know what banks you are dealing with...I am just glad that I am not using them. Even happier that I am not using AOL! REMEMBER: The bank works for you. If they will not work on your behalf, then they should not be your bank.
Pull all of whatever money you have left,in whatever half-assed bank you have it in, and put it under your pillow!
That's not possible in the bank owned UK .. no bank account.. no income.. simple as. When they all DEMAND a driving license and passport (the only ID they will accept) to open an account these days you can end up trapped in a system which will stand on the "you have a contract" with whatever rip off business who carry on taking money after a "free trial" period has ended... In the current climate I feel government should do more to break the stranglehold the banks have on us.. If we don't want to deal with them then we should have the LEGAL RIGHT to demand payment from employers in a form which we can access without having to let the greedy and bankrupt banks get their cut... either cash or some form of check which is instantly convertible to cash. The system as it stands sucks big time.. it's blatantly wrong for pay to be only accessible through the banks.. who take 2-7 days to clear it.. all the time they are making interest on it which they do not pass on to us.