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I have been reading what everyone has written. I live in SC and I have 9 internet payday loans that have put me in the poor house! I need to close my current bank account just to live and eat! Is there anything I can do?? They are listed below.
Pepper Cash $375
Cash Net USA $778
Seaside Dollar $520
Ameriloan $520
Cash Call $772
Cash Direct Express $450
Sure Advance $506
Cash Jar $520
Zip 19 $880
Close bank account just to live and eat
Welcome to the forums!!!
Pepper Cash, Seaside Dollar, Ameriloan, Sure Advance, Cash Jar, Zip 19 all are illegal lenders in your state. Cash Net USA and Cash Call are licensed lenders. I’m not sure about Cash Direct Express. You are required to pay only the principal balance to your illegal lenders. Don’t pay them any interest or fees. Just close down your old bank account and open a new one. As far as the legal loans are concerned, you are liable to pay them both the principal and interest. In this case you may try to negotiate with your lenders and set up a payment arrangement with them.
You cannot just close your bank account down....you must do an ACH and voluntary wage assignment revocation with each lender. If you do not revoke and provide a copy to your bank manager, those ACH debits will reopen your account causing you a ton in overdraft charges.