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How do you get out of the payday loan trap? What happens if I just close my bank account? The loans are being debited from my bank. I currently have a total of nine loans and all I can pay is the fee's.
What happens if I close my bank account?
Close down your old bank account and open a new one to stop debiting money from your account. By the way, what state do you live in? Are your lenders licensed in your state? How much did you borrow from them?
9 Payday loans? In the first place, you shouldn't have taken out so many payday loans. Answer the queries asked by the above poster so that we can help you.