payday loan help

Date: Wed, 07/04/2012 - 12:20

Submitted by anonymous
on Wed, 07/04/2012 - 12:20

Posts: 202330 Credits: [Donate]

Total Replies: 3

i have a payday loan with ace cash express due this friday,i lost my job last friday and i have bills due,if i pay the loan off which is 524.00,i will be forced to take another to cover bills,i am very nervous because i may have unemployment directly deposited in the next few days,i am also the payee for my disabled sister,disability payments are directly deposited into my bank account. does anyone know if i can legally change my bank account to avoid ace from collecting,i have never been in this situation before,and will the bank be sympathetic to me and help,and can i be criminally prosecuted for defaulting? i am in texas.

You can't be criminally prosecuted for defaulting. Try to not ta

You can't be criminally prosecuted for defaulting. Try to not take out another payday loan. Closing your bank account may be little bit difficult at this point of time. What state are you in? Is this company legal in your state?

lrhall41

Submitted by Good Nelly on Wed, 07/04/2012 - 22:32

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Ace Cash is a legal CSO in Texas. What you can do is send them a

Ace Cash is a legal CSO in Texas. What you can do is send them an ACH revocation letter and work out an extended period repayment plan with them over the phone. They are relatively easy to work with.

lrhall41

Submitted by on Wed, 07/04/2012 - 22:41

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In addition to revoking ACH authorization, let your bank know yo

In addition to revoking ACH authorization, let your bank know you've revoked the authorization with Ace. Also, have your banker put the account into a deposit only status so that no debits will be paid and no fees will be charged to you for their return.

lrhall41

Submitted by OhioGal1 on Thu, 07/05/2012 - 05:16

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