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Payday loan default

Date: Wed, 01/19/2011 - 16:55

Submitted by anonymous
on Wed, 01/19/2011 - 16:55

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Total Replies: 5


I have several outstanding payday loans, I had to close my bank account because they kept withdrawing and I had a negative balance. Could I be arrested and charged with a crime because of this?


As far as I know, you won't be arrested or charged with a crime just because you closed your bank account. However, if you've taken out payday loans, and if payday lending is legal in your state, then you're liable to pay them off. In my opinion, you should contact a local debt relief company and check out if they can help you in payday loan consolidation. If you can consolidate the payday loans, it will be easier for you to pay off the payday loans.


lrhall41

Submitted by Anna Sweeting on Wed, 01/19/2011 - 19:27

( Posts: 1827 | Credits: )