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Payday Loans

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mikenat10

Junior Member
I got trapped in a payday loan, and ultimately the bank closed my account and I can't get another one anywhere. I had been paying this "awful" loan back, but have had to use old checks to pay it down. I realize this is fraud, but I don't feel I have any other choice now. Is is possible that the loan company will find out that this account has been closed for awhile now? This is really embarrassing!:(
 


fairisfair

Senior Member
uh, if the checks are no good, then you aren't paying anything off. In fact you are doing nothing but digging a deeper hole for yourself.

What you are doing now is a crime.

Is it POSSIBLE they will find out??? It is a whole lot more than POSSIBLE.
 

Zigner

Senior Member, Non-Attorney
THIS FORUM IS FOR QUESTIONS ABOUT U.S. LAW ONLY
When posting a question, you must include the name of your state!

(But, Fair's right...)
 
i think its safe to assume that they already know. if other banks aren't willing to open an account under your name (assuming you have the $ to make the initial deposit), your name has already been flagged for possible fraud.
 

Bird79

Junior Member
I remember when I was 20, my checking account became overdrawn and I bounced several more checks as I didn't catch my error yet. I was overwhelmed and ignored the statements mailed to me, the balance was only about $600 then overdraft fees started piling up. A few months later I got a call from someone at the bank telling me I was committing felony bank fraud. I'm not sure if it was a felony, maybe they said that to scare me, it did. I found by talking to the bank we reseoved the problem in a siutable payment plan with out involing the authorities. Since you put yourself out there even more with paying by bad checks you might want to try contacting them first about how you "just realized the batch of checks you were using were not the correct checks you thought you still had". Maybe they would accept postal money orders for some sort of payment plan. I have learned ignoring this sruff, I only dug a deeper pit of being overwhelmed, in more debt, and feeling grimey.
 

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