payday loans
Date: Tue, 06/01/2010 - 16:34
Submitted by michelle varney
on
Tue, 06/01/2010 - 16:34
Total Replies: 8
check into cash 298.00 oringinal loan 300.00-paid 180.00
quik cash 600.00 original loan 500.00 paid 000.00
check please 480.00 oringinal loan 400.00 paid 300.00
aaa check advnce 398.00 original loan 400.00 paid 400.00
advance america 480.00 origianl loan 400.00 paid 196.00
i closed my account couldn't keep up the bank understand all checks were written with the date due on every check was 5.07.10 closed acct 5.21.10
check into cash called when i asked if i could make payments she said no but since this is the loan i had made payments with my checking acct i can still make my payments with those checks when i asked isn't that illeagal she said no as long i keep making payments...told her i would get back to her because if i default won't i get in trouble for using checks off a closed acct
You really should have checked your payday loan laws BEFORE you
You really should have checked your payday loan laws BEFORE you closed your account, because in your state, these lenders can take criminal action against you for closing your account with post dated checks out. Please read your payday loan laws at the link below, make sure you scroll down and read what it says regarding criminal action:
http://www.paydayloaninfo.org/stateinfo/MO.asp
You need to contact these lenders asap, some of them may be memb
You need to contact these lenders asap, some of them may be members of the CFSA ( Community Financial Services Association of America), click the link below to check the member list:
http://www.cfsa.net/MemberList.aspx
You may want to call them and ask if they are members, because sometimes they aren't listed. If they are members you might be eligible for an extended payment plan, my advice to you is to do something quickly since you have closed your account, see the link below to read about the extended payment plan:
http://www.cfsa.net/public_education_campaign/guidelines/guidelines_extended_payment_plans.html
Quote:Originally Posted by ShazzersYou really should have checke
Quote:
Originally Posted by Shazzers You really should have checked your payday loan laws BEFORE you closed your account, because in your state, these lenders can take criminal action against you for closing your account with post dated checks out. Please read your payday loan laws at the link below, make sure you scroll down and read what it says regarding criminal action: http://www.paydayloaninfo.org/stateinfo/MO.asp |
Quote:Originally Posted by ShazzersDid you tell her you had clos
Quote:
Originally Posted by Shazzers Did you tell her you had closed you account? |
yes i did she said it was not illegal
Quote:Originally Posted by michelle varneythe bank and i i did r
Quote:
Originally Posted by michelle varney the bank and i i did read it went over the laws with my bank as well if you read more into the checks could not be written in the future exp-5.07.10 when all my checks were written...i did not close acct till 5.21.10 if my checks were made after 5.21.10 i would get into trouble |
Maybe I'm not understanding you?? If you wrote a check before you closed your account, then turned around and closed it, the MO payday loan state laws state:
[QUOTE]
Criminal Action: Prohibited (Unless check returned due to closed account or stop-payment by maker)[/QUOTE]
So, what I am saying is, if you closed your account while you have a post dated check still out there the lender could take criminal action against you, I'm not saying they will, but they could.
Did you write a check AFTER you closed the account or BEFORE, I am confused, sorry.
the checks are dated [all of them] for 5.07.10 i did not close a
the checks are dated [all of them] for 5.07.10 i did not close acct till 5.21.10 no of them are dated after the closing date ....what i really need to know that the one pay day loan wants me to write checks on a closed account ....i dont know what to do is that legal
I wouldn't write a check if the account was closed, there isn't
I wouldn't write a check if the account was closed, there isn't anything right about that.