close or hard block on checking?

If you go close your account, they will open up a new one for you. Is your mortgage payment auto deducted from your checking account?

With some banks, your branch manager can have ligit expenses that are auto deducted from your account attached to the new account.

My bank is Chase, I just talked with a branch mgr and she will be calling me back shortly. I think closing will be best and if I can do what you say that would be great.

I still need to send letters to the PDL companies, when they see the payment was sent back what will be the next action?

Thanks for your help.

I would close it and then contact your legit debts and give them the new account information.

The next actions depends. Some will send you emails and make phone calls right away. Others you nothing from and then boom three weeks later they start.

Wait !!! Before you go and close your account , are you dealing with store front loans or internet loans ? Also what state do you live in ? You can be prosecuted for closing your account with store front loans in some states like Alabama , Missouri, Alaska , North Dakota , and Hawaii to name a few. Paydayloaninfo.org is a pretty useful site you can look up the laws per your state.

what state are you in, what companies are these and how much was paid and borrowed? you may not owe them anything anymore.
you will be okay, changing bank accounts is a hassle but it's worth it.
be sure to look at the sticky involing closing out bank accounts.

The poster is in IL. He/She has several other posts and some of their loans are illegal.

pay day hell in Illinois

Well, I just closed and opened a new checking acct. with Chase. The old account will have restrictions so no activity can be done on it.

Should I contact each PDL and let them know or should they find out on there own. In most cases I did try to talk with them.

My store front loan w The Cash Store is going to be tricky
I have rolled this over so many times and again it comes due for $1,100 on 3/19 and I must pay it off because I am not eligable to roll it over again (too many pdl's).


The Cash Store (installment)

Original loan $880.00 paid $2,700 w/bal of $880.00 still due
I will let this get returned from the bank then wait for Corp. to call me in Texas. The store front can do nothing.

Also: Payday1, I have three more $156.00 payments with them then I will be done. I will call them and let them have my new checking info only because they seem fair and have some understanding.




US fast cash (internet): 200 / $370.00 paid
OWE:$290.00

United Cash Loans (net): 300 / $520 paid
OWE: $390.00

Payment Direct 1 Debt (net): 300 / $178.00paid
OWE: $389.00

Sagamore BB (net): 300 / $90.00 (interest) X 7 = $630.00 paid
Owe:$390

VC Funding (net): 200 / $90.00 (int) $180.00 paid
OWE: $290

Ace Cash (net): 300 / $90.00 (int) X 2 = $180.00 paid
OWE $390.00

NLS Cash Advance (net): 325 / $98.50 (int) X 4 = $394.00 paid
OWE: $422.50

With all due respect, why would you go thru all of the trouble of getting a new account just to give the information out again??? Anyone can be "fair and understanding" until something goes wrong. I bet all of these illegal internet PDL's were fair and understanding when you borrowed and rolled over the loans.

DO NOT give your account info out to any of them!

Payday One is legal and is very good to deal with but I have to agree with PDLOwner on this one. Do not give out your new information.

Agree to pay using a prepaid Visa. It is only three more payments so it should not be that hard to do.

The only one I will be willing to work with is payday1 First they are legal second they are fair. even though I have paid them $1,253.28 for a $750.00 loan (not so fair)

nohiogal, I was wondering when I do need to make payments what is the best way? You say a prepaid visa but will they also take money orders or wire transfers?

Thanks so much.

they take western union but i never do that because it costs more.
i personally demanded a physical address to send a money order to. at first they said no but in the end they caved in. but if it is a legal one, you might not have as much leeway as i did.