Missouri Payday Loan HELL!! Closing my bank account
Date: Thu, 05/12/2011 - 12:31
I took out 6 online payday loans, none of them were storefront. I now have myself in a situation to where I cannot even pay the finance charges. My account in deliquent now and I have more charges coming in tomorrow.
I spoke with my bank. I am headed over there shortly to close my account completely and open a new one. I have every intention of paying these off.. just one at a time.
I know I screwed up. But PLEASE HELP!! WIll I be arrested for closing my account? And what do I do next??
I spoke with my bank. I am headed over there shortly to close my account completely and open a new one. I have every intention of paying these off.. just one at a time.
I know I screwed up. But PLEASE HELP!! WIll I be arrested for closing my account? And what do I do next??
You need to determine if the payday lenders are legal in your st
You need to determine if the payday lenders are legal in your state. Go to http://www.paydayloaninfo.org/state-information/33
If they are illegal, you only need to repay what you borrowed. If you've overpaid, they owe you a refund. If they are legal, you should send them an e-mail requesting a payment plan that you can live with. If they are illegal, then you need to tell them they are illegal in your state and you will be paying back only what you borrowed.
