closing the checking account?

Close your checking account only when you suspect multiple withdrawals from the lenders and your paycheck is completely gone before you see it. People close the account either because they don't want to go into negatives further or they want to use caution from the lenders playing dirty games with individual accounts. Your settlement company can advise you in the right direction. At this stage, if you fear the lenders are going to drain you in negatives, closing the account will be your only option.

Who are the lenders?

Closing the account was the first thing that Langhorne advised me to do. And yes, I had to have the tough talk with my husband as to why we had to do it. I dreaded it, but I feel so much better now. I did not have to switch banks. I am a Bank of America customer and I simply went into the bank and told them that I had inadvertently compromised my bank account information and wanted to close my account to prevent identity theft. They were able to swith my ATM Debit cards over to the new account immediately (because those numbers I told them had not been compromised, only the routing and account number) You will need to make sure any checks and ATM/Debit transactions have cleared before you do this. It was a bit of a pain switching our direct deposits, but nothing compared to the pain of having nothing left of your paycheck and having to borrow more just to live. I have 19 outstanding PDL's and have been in the PDL trap now for more than 2 years. Today I had my first full paycheck in 2 years and it felt great. My fee to langhorne is only about 20% of what I was paying in fees alone.