Closing account in CA
Date: Thu, 08/19/2010 - 14:59
Where do I find out if it's illegal to close checking accout in CA? I have many lenders, especially internet lenders who are eating up my account. How does one get in this mess? Argh!
California PDL laws state that all PDL companies should be licen
California PDL laws state that all PDL companies should be licensed in your state and should follow your states' laws. Make sure that the PDL companies are licensed in your state.
Second, you can close your bank account by speaking to your bank. After you close it, call up your legal PDL lenders and tell them that you will pay them alright and if you want, you can ask for an EPP payment. Regarding the illegal lenders, you don't need to pay anything more than the actual amount borrowed.
Check out this link to know about your state's laws in a better way: paydayloaninfo.org/stateinfo/CA.asp
