Ok, I have a major problem. I live in Missouri and
Ok, I have a major problem. I live in Missouri and I currently have 5 payday loans. I am unable to pay them back the way they are wanting them like I had planned to do...so I called a payday loan debt consolidation company.
They told me to close my bank account and open a new one so I could pay them and they would pay my lenders.
2 of my lenders are currently refusing to negotiate with my consolidation company and requiring me to pay a large amount of money or their sending it to a debt collection company.
The consolidation company said if they send it to a collections company to send them the info and they would try and negotiate with them a payment arrangement.
Am I going to go to jail for closing my bank account? It's not like I'm not trying to pay I just can't pay what their asking...Please help! Any personal experiences would be great