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Payday loan cycle advice

Date: Tue, 09/25/2012 - 22:43

Submitted by anonymous
on Tue, 09/25/2012 - 22:43

Posts: 202330 Credits: [Donate]

Total Replies: 1


i live in Texas. I had taken out a loan for 1000 and i was nable to pay any of it so far, only the $205 biweekly fee, which is over 400 now, and my balance increased to 1200.
Would i be able to revoke ACH and wage assignments? i prewrite them two checks with the balance. Can i revoke these payments?
i am not planning not to repay the money, i just thought id close the bank account and work with payment arrangements later. they also do have my bank account number

Thanks
Bobby