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What Happens if I Close My Bank Account and Default on a Payday Loan?

It’s a scary feeling if you’ve taken out a payday loan and can’t pay it back. That short-term cash infusion you needed has suddenly spiraled out of control because of high fees and interest rates. The payments are being debited from your account automatically and the money just isn’t there, and now you’re also getting hit …

What Happens if I Close My Bank Account and Default on a Payday Loan? Read More »

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