Can a pay day loan take out money from another account that you didn’t authorize?
Question by Shanta: Can a pay day loan take out money from another account that you didn’t authorize?
I recently got a pay day loan. I paid on it for a while and decided to contact debt consolidation program to assist. I closed out the account that the pay day loan was with. I opened up a new account. I so happened to help my mom with a loan and pay day loan company I had previously tried to take money from my new account, is that legal?
Best answer:
Answer by roderick_young
I don’t know about legal, but it sounds moral. Check the agreement you signed with the loan company, it may provide for something like this.
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