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Closing Bank Accounts

Date: Thu, 07/19/2012 - 20:45

Submitted by anonymous
on Thu, 07/19/2012 - 20:45

Posts: 202330 Credits: [Donate]

Total Replies: 2


I live in CA and have 10 paday loans including...
Ace Cash express (store)
Cash America (store)
Money Mart (store)
US Fast Cash (online)
Check Into Cash (online)
Paday Advance LLC (Store)
Advance America (store)
Continental Currency Services (store)
Money Tree (online)
Coming to a total of $2300+ of outstanding loans
I need to know if I can close my bank account without legal repercussions.


Except for USFastCash (an illegal tribal lender) all of your other lenders are registered and licensed to operate in CA. If you close the bank account, there won't be any immediate legal repercussions but they will badger you a lot over the phone and ask you to repay or be turned over to collections. If you fail to repay over a period of time and you do not contact them and explain your situation, they might decide to sue you.


lrhall41

Submitted by anonymous on Thu, 07/19/2012 - 20:54

( Posts: 202330 | Credits: )