can I close my account legally in NC?

You can close your account any time you feel the need it's not against the law. But saying that and for the experts to help you out, they will need to know if your payday loans were internet and/or storefront, how much did you borrow and how much you have paid back so far.

Please list that information and one of the experts will be by with more info...

I took out a payday loan then found out they are illegal in NC could I be Arrested what do I need to Do :shock:

You can't be arrested... there is accountability on the pay day lender to know where PDL's are prohibited. You can close your account at any time. You do need to make sure your accounts are at a 0 balance and that all "pending items" (checkcard, ach) have hard posted before you close. Make sure when you close the account you advise the bank to close the account and code for credit only. This will allow credits to come in to the account but will keep ACH debits from forcing the account back open.

Also, per other posts on this forum, make sure your bank doesn't charge "return" fees for when the ACH's go back. You might want to talk to the bank manager and explain your situation; I'm sure you won't be the first person who's come to them with this problem. Good Luck! :D

As long as the account is closed prior to the date the ACH debits come out you will not be charged a return item fee. The problem comes in when you close the account and do not notify them to code the account for credits only....