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#hopeforthebest - Says,

Can I change accounts but stay with the same bank in order to stop the payday loan while I get a debt consolidation loan?
#sallynachelle - Says,

Welcome to the forums!!!
Yep you can close your old bank account and open a new one with the same bank. If it seems difficult to close your bank account, then put a hard debit check on your bank account to stop unauthorized withdrawal.

#sdchargers_63 - Says,

Yes..you can. But, if you're checking/savings account is in the negative, then I would say you would probably have to pay the charges (to get it back to a positive) to open your own account. I did that with my bank. Years ago my ex and I had so many PDL fees coming out of our account, the account stayed in the negative for such a long time. I had to pay all of the charges (did this with my tax refund) before I could open an account just in my name.
#Nina Lowmn - Says,

Hi! I am in seriously hot water with these pay day loans. I have already paid off one free in and clear but i still have 3 remaining and with them taking over $300 out of my acct every two weeks its going to be damn near impossible for me to pay them off and maintain my monthly bills. My credit is pretty much shot and I am dont want to put it in the gutter any more than what it is. I have been researching a way to get all the loans paid off and pay just one company at hopefully a lower fee... i came across 2 companies that specialize in consolidating pay day loans and i would just pay them. the term is about 6 to 12 months depending on the monies owed and how fast i want to pay the loan off. Is this a good idea or just another way to keep my in debt. Itf its not a good idea and ideas on how i can dog myself out of this major hole without losing everything?
#sdchargers_63 - Says,

Hi, NINA. I just want to tell you that there is alot of people on this forum that has had problems with PDL's. First of all..let me ask you this. Is your bank account in a 'negative' status? The reason why i ask is because (personal experience here..) about the only way I could get out the PDL nightmare was to change bank accounts. That's not illegal to do!! If you do this, don't give out your bank account number to anyone else!! PDL companies can't take money from a bank account if they don't know what it is. I'm just suggesting this for a
'new' start for you. Yes..some consolidation companies advertise they "deal with PDL companies", etc.....but, if I were you, I wouldn't go for that. I tried one of them and I would have ended up paying MORE money to them than I was apying for PDL fees, alone. Talk to your bank and see what you can do. PDL companies do anything to try and get their money!! They can't take you to court! In fact, MOST (if not all) of PDL are illegal in the US. Can you tell me what state you live in?.. I can check into it for you. Can you tell me your 'progress' along the way?

#wasinhottwater - Says,

My husband was charged with grand theft felony by quick cash, after six months of court, 6000 dollars in lawyers fees and so on, it was dropped to a petite theft charge in which he is serving 6,months probation for as we speak. Pdls can and will take u to court. Best advice, pay them or dont take em...they screw u in the ass regardless.
#anitush01 - Says,

Payday-loan-trap is a concern for many individuals, but saying that there certainly won't end up being any kind of inconvenience or hassle is a little untrue. The fact is that payday-loan-trap is less of a problem for UK some residents, but that doesn't mean that it isn't a factor.If you’re looking at applying for Pay day Loans, you have to be at least eighteen, employed and a UK resident. If you fulfil those criteria and have an active bank account, you can apply.
#Tae - Says,

I took out three pdl but I gave them my checking account number I Didt go inside the store I'm about to cancelle my bank account what's the consequences
#nicky - Says,

if i cancel my bank card can payday loan companys still take money out ....helppp
#liz - Says,

I have pay day loans out also. Needed cash after a car accident and now im not getting the settlement i thought i could use to pay back. Considering closing my bank account and opening a new one with the same bank. I can't afford the amounts they r charging me. Im willing to pay them back as much as i can every 2 weeks but was wondering if anyone's closed their account then just paid them back on their own terms? And did it work when u closed ur account to stop the payments. Any help would be grateful thanks
#shayshay - Says,

YOU CAN NOT BE ARRESTED FOR PDL'S, I DON'T KNOW WHAT HE DID TO GET PROBATION, BUT THE MOST THEY CAN DO IS PLACE A JUDGEMENT ON YOUR CREDIT FROM TRYING TO SUE YOU. MAYBE A GARNISMENT IF YOU DON'T COMPLY WITH SOME TYPE OF PAYMENT ARRAINGEMENTS WITH THEM. CLOSE THE OLD ACCOUNT AND OPEN A NEW ONE. WHEN THEY CONTACT YOU AGREE TO SOME TYPE OF ARRAINGEMENTS, AT LEAST YOU HAVE CONTROLL OF YOUR ACCOUNT AGAIN.
#leannestubbs - Says,

can pdl take money from my account before my repayment date is due
#natalie - Says,

I cannot pay PDL loan this month but I will be able to repay in full in month. Should I call them og just let ist slide ( I have a new unlisted phone # and new checking account with a different bank.)How long does it take to do anything to you
#Gerry Whitfield - Says,

Who is the payday loan lender? Is the lender legal? If the payday loan lender is legal, then explain your situation from beforehand.
#moorreese - Says,

I have loans with CashCall, PepperCash and White Hills. They are all installment loans. I have paid Pepper Cash WAY more than the principal. The other two I have not paid the principal in interest yet. I'm going to close my bank accounts shortly, what should I do after that? I live in IL btw. Should I send validation letters? I can borrow from my 401K to pay them, should I do this?
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