That certainly sounds like fraudulent intent to me. You wrote a post-dated check, which is a promise to pay. Then you cancelled the account, and you had to know that this meant that the check which you wrote would never be good.
Yup; that's fraud, and almost any judge in the world - who was NOT from Illinois - would agree.
Illinois judges can sometimes be persuaded that the illegal is actually legal, or that the legal is really illegal. THat's why most Illinois governors for the past half century have gone to prison from the statehouse.
Only if fraud is involved.
No.
It is not likely you will get a payday loan with just a prepaid account. In order to get a payday loan, you need some guarantee that you will get your next payday. Lenders will ask that have a steady job, an active checking account and possibly signed up for direct deposit too.
No you cannot be arrested; but some financial institutions will not place stop payments on payday loan items. Some banks do not place stop payments because the financial institution would be interfering with a legal contract that you signed that allows the pay day loan company to debit your account.
No! You must have a credit account!
If you actually wrote a check at a storefront, you could be charged with writing a bad check. If you took out an internet payday loan, you did not write a check. If you close your account, they will electronically try to debit the account until they figure out the account is closed. It won't cause you any more bounced check fees because your account is closed. I would recommend that if you close an account over payday loans, let the bank know what you're doing. They've most likely seen it before. An unpaid internet payday loan is enforceable just like any other loan. They could sue you civilly for default, but not charge you for bad checks. Some states have made payday loans illegal. Check with your attorney generals office or financial regulator for more state specific info.
Savings account payday loans allows one to get payday advances. If one has an emergency, one can easily get a cash advance in a few minutes. The funds are then deposited in one's savings account.
It is quite tough to get a payday loan without a bank account but you can find some companies which offer these facilities too.
You can not be arrested for not paying your loans off!! They may threaten you with it, but just keep telling yourself that they can't do it! I have gotten myself in the payday loan mess many times, and I have a total of about 8 loans out there, and they can't do a thing besides makie your bank account go negative and possibally put it on your credit, but that is about it! DON"T WORRY ANNONYMOUS
Go to fastcashreview.net and see some providers you can use to get a payday loan.
Can I be charged with bank fraud or any other criminal offense for closing an account on a payday loan?
Yes