I have 5 payday loans and my bank has closed my account. Wil

Submitted by keltref on Wed, 03/23/2011 - 15:58
Forums

I have a total of 5 payday loans and I live in Ohio. I have always been faithful in paying them on time and I have continued to reloan with them because I simply could not afford to pay them off. I do understand what an ignorant and financially draining situation I have put myself (& my family) in but at the time it seemed like the only option. Now, the bank has closed my account due to too many overdrafts, which is in a way a blessing. I hope that this will help with negotiating a payment plan with these lenders. The account was not closed when I wrote them the check but the loans come due on Friday. (in two days)
Any experience with this sort of issue??? Please help!

Anonymous (not verified)

I hope that this will help with negotiating a payment plan with these lenders.

Are all these lenders licensed to operate in Ohio? If not, you are not liable to pay back any amount more than the principle.

Thu, 03/24/2011 - 12:47 Permalink