Can you put a stop payment on a check to a payday loan store?

Answer 1

It's not illegal to do a stop payment, or the banks wouldn't let you do it, but you would still owe the payday loan store. It may still be illegal in your state or jurisdiction however, because you wrote a check and received money for it. Check your state laws with an attorney to find out for sure. If you stopped the check, I would recommend contacting the loan store to make arrangements. If it was an internet payday lender, and you didn't physically write them a check, it's not the same thing. You could tell the bank to stop the debit, but it won't keep the payday lender from continuing to try and get the money out of your account. They will just put it through for a slightly different amount, as stop-payments are amount specific.