It is better to close the checking account since payday loan lenders may try to withdraw money through ACH debits.

When getting into a payday loan relief program do I have to close my checking account??

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You can open a new account with the same bank and transfer all your funds into it. That might work both ways, but make sure it's in no way related to the old account.

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There's nothing that you 'have' to do. But, it's better to close the account. Lenders sometimes try to recover money in any way possible, and... even after you revoke ACH authorization...  having your bank details might actually help them. This way, you'll be also be 100% sure and not have the chance of incurring any NSF fees.

Do you think the relief program will be successful and the payday lenders will agree to negotiate or modify terms, if they can deduct money from your account?


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