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what about payday loans? i have three payday loans out and i am trying to pay them off but every time the payments hit my checking account the money makes my account to be over drawn wht can i do i make good money but i have been screwed up for the past month ... (Asked by jimmy f)
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Close your account. If you keep getting overdrafts the bank will report you and you will be unable to have a bank account for up to 7 yrs. The payday loan place is going to come after you for payment. If they take you to court you will be found to owe them the money but the court will set up a payment plan more suitable. Do not let them frighten you with hardcore collection tactics- they have to follow the law. Go to a bookstore and read up on how to deal with collectors. Suze Orman has a great ...(Answered by ednolb)

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I need a personal loan not a payday loan.? I have poor credit but have not filed Bankruptcy. I am trying to get a fresh start and pay my bills up. I only needing about $5000.00. I can pay about 100.00 a month. ... (Asked by jhswas1566@sbcglobal.net)
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contact a debt counselor (yellow pages) and have them work with you on a budget and get your creditors to accept a payment structure, then you will know the amount you will need and the options for paying off this kind of loan....(Answered by mjlee105)

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Is it a felony to close your bank account if you have a payday loan? If you decide to get out of debt and the best way is to not have a checking account but still owe debit payday loans and want to close the checking account wil this cause a felony to be issued by the payday loan company even thow you do plan on settling the owed money to the payday loan ... (Asked by jacatmom21)
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No way. a) It's too hard to prove that you intended to defraud the Payday institution. b) A state/ district attorney's office would have to formally charge you with a crime, which they would never do. They're already bogged down with gang bangers and drug dealers to deal with some slimy Payday lender. c) But, you need to fully expect that Payday lender to come after with guns ablaze. These institutions use border-line illegal collection techniques to frighten you into paying your debt. They might even sue you in a civil court. Once sued, ...(Answered by Esrum1)

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payday loans that might give me one even if you had one befor and they went bad? ... (Asked by Peaches)
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My best piece of advice is not to get one at all. As you might know from your previous experience, these are way too hard to get caught up in. If you feel there are no other alternatives, avoid the online sites. They all charge much higher interest and use Teletrack. Teletrack is a system used by the payday loan industry to track loan activity. Most of your local payday loan companies either don't use it or have stopped using it. But again, try to look for alternatives. Maybe Consumer Credit Counseling could ...(Answered by mrwrinklesmom)

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do you have to pay loans back that are payday loans? ... (Asked by moniquenfrazier)
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no but would it be wise not pay it back NO there is a reaction for all your actions. FYI in some states you can workout a payment plan....(Answered by lady_jane_az)

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