How do I get out of the payday loan trap?

Answers:2   |   LastUpdateAt:2012-10-01 12:10:03  

Asked at 2012-08-21 11:59:03
I have three payday loans with a total balance of $ 1,000. And interest rates are very high and can not keep up. Loans keep hitting my bank account and accused me 100-150 dollars in fees every two weeks. I also sent letters to companies online payday loans to revoke ACH transactions , but they keep trying to take money that is not in my account . I also wrote a letter to my bank and called them asking them to stop all ACH transactions to my account , but they will not do, I say stop costs $ 32 for each transaction , you do not even have in my account, which means you would have to pay $ 90 in fees every two weeks to stop each ACH transaction . The bank was willing to give up some positions , but will just go back once you charge my account again. My bank told me that my account will be closed in 15 days and will be reported to Chex Systems . Should I wait until my account is closed and sent to a collection agency , so overdraft fees come to an end and develop a payment plan . How to get out of payday hell ? Also I have 2000 in credit card debt . I can speak with an attorney about bankruptcy options and was told that I have to be at least $ 8,000 in debt. What do you suggest I do .
Answer1MelinaAnswered at 2012-09-19 14:42:03
See other lawyer - there is no " minimum " debt in bankruptcy .
Answer2SakieraAnswered at 2012-10-01 12:10:03
You can close the bank account on your own and leave rates . No need to wait in the bank to do so .
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