close checking account?
Date: Mon, 01/12/2009 - 12:23
Does anyone know if we HAVE to close our checking account if we're consolidating all our loans? They are all store front. I thought since none were internet and they all have paper checks to submit to the bank we might not have to close it? Thanks for any help!
You may not have to close it but you will have to put a stop pay
You may not have to close it but you will have to put a stop payment on every check you wrote to those PDLs. Most banks charge a fee of anywere from $20 to $50 per stop payment.
It may be easier and cheaper to close the account and just open a new one.
make sure you read the post on closing your account due to pdl's
make sure you read the post on closing your account due to pdl's so that you are well informed before doing so.
Finding Post..
This is the post Ladybug wants you to read :)
http://www.debtconsolidationcare.com/paydayloan/close-account.html
