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desperately need help

Date: Sun, 01/30/2011 - 16:47

Submitted by anonymous
on Sun, 01/30/2011 - 16:47

Posts: 202330 Credits: [Donate]

Total Replies: 3


I have several pay day loans and just recently had a couple be sent back by my bank due to no funds after I paid some of them. What is the best way to get rid of these? I am drowning. I have read to close my checking account and plan to do that tomorrow.
thanks for any help you can give me. I live in Texas and do not know what my options are


First of all, please list the following information so we can help you.
-Names of each pdl company.
-Whether they are store front or Internet.
-How much you borrowed.
-How much you paid so far.
-The state in which you reside.
I'm sorry to tell you this, but there is only one sure way to stop the withdrawals, and that is to close your account. If that isn't an option, then tell the bank to put a hard debit block on your account. Before you close your account, read this information at the link below. http://www.debtconsolidationcare.com/paydayloan/close-account.html

Please do not let any of these pdl's know you are going to close your account, until AFTER you have done it!


lrhall41

Submitted by Shazzers on Sun, 01/30/2011 - 20:08

( Posts: 17344 | Credits: )


In the state of Texas, payday lending is legal. Thus, you will be liable for paying off the payday loans in full to the lender including the late fees and other charges. If you want to consolidate your payday loans into one single monthly payment, then you should contact the local debt relief companies and take their help in this matter. You might have to close down your existing checking account in order to stop them from debiting money from your account. You can open a new account with some other bank.


lrhall41

Submitted by Anna Sweeting on Sun, 01/30/2011 - 20:14

( Posts: 1827 | Credits: )