How does closing my account affect that?

Submitted by Anonymous (not verified) on Thu, 01/09/2014 - 12:39
Forums
Credit repair

Like many of you, I fell for the trap. I live in NJ and from reading similar stories, I feel better knowing that there may be some light at the end of the tunnel. At this point, I have 7 outstanding loans. In my defense, 2 of them I didn't even apply for. I applied for 3 small loans in one day and ended up with 5. My paycheck is direct deposit, how does closing my account affect that? Any suggestions are greatly appreciated!

CMG Group $260
United Cash Loans $390
B&L Marketing Services $260
Loan Shop $390
Ameriloan $325
NetCash USA $325
Ambassador Funding $390

paulie (not verified)

you can close your account,and open a new one,and have your dd sent to the new account.see a manager in person for this.

Thu, 01/09/2014 - 16:32 Permalink
Anonymous. (not verified)

Payday lending is prohibited in NJ. All lenders in this state are illegal. You owe them nothing more than the principal. Don’t pay them any interest or fees. Simply close down your old bank account and open a new one to stop debiting money from your account. You may ask them for the refund, if you have already overpaid them.

Fri, 01/10/2014 - 05:41 Permalink