Could I shut my bank checking account to try and stop a lender that is payday using cash as a result?
Yes, but the payday lender will most likely quickly take collection action. You either write the lender a personal check or give the lender permission to take money directly from your checking account when you pennsylvania title loans laws take out a payday loan. You owe, the lender might keep trying to cash the check or withdraw money from the account anyway if you close the checking account to keep the lender from taking what. That may end up in you owing your bank overdraft charges.
The payday lender might deliver your loan to collections. Then you will have more fees and expenses. If you fail to spend your debt even though it is in collections, the collection agency might make an effort to sue you to get your balance. Read more