Payday loan help
Date: Fri, 05/29/2009 - 20:44
I have two internet payday loans , one was originally 400.00 and one was originally 500.00 . I can't pay rent and keep gas in my car to get work with these payments coming out of the credit union acct every fourteen days! Can I close the credit union checking acct with a negative balance before they hit me again? I will pay off the negative balance with the credit union but i have to get the acct closed or froze now before it really gets out of hand. Help. I just stopped direct deposit into the acct and sent it to a prepaid visa. What next. I am at my wits end with this and wondering if internet pdl are even legal in TX.
You would really need to talk with the credit union about that.
You would really need to talk with the credit union about that. I kind of doubt they will close your account with a negative balance but they may be willing to freeze it or put a block on it. Really the best thing to do is go in and talk with them, explain your situation (about the illegal lenders) and see what they have to offer. It seems like all banks/credit unions have different guidelines that they follow.
