Legal Question in Consumer Law in Wisconsin

I have a loan with a payday lendor that is an interest only loan. During this loan I had changed checking accounts. I had called to let this company know the knew check account number. The business said that I would need to come in and sign paperwork for the new account withdrawls. I never did and now they are taking out the payments from the new account without written authorization for the new account. I am curious if a company can do this? Thank you!


Asked on 2/14/10, 10:32 am

1 Answer from Attorneys
JAY Nixon nixon law offices

I could not interpret what your agreement with the payday loan company allows them to do without seeing that document. It may allow them to switch it to a new bank account. However, if you are having trouble with a payday lender, you owe it to yourself to at least set up a free initial consultation with a bankruptcy lawyer since payday loans are usually dischargeable in bankruptcy. My comments in this online forum are offered for public educational purposes only and are not legal advice, nor do they create any attorney/client relationship between us. However, I may be able to formally represent you if you contact my Racine office and make arrangements to retain me. I also represent clients throughout WI.

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Answered on 2/22/10, 4:36 am


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