Is closing my Chase account worth the risk in Texas?

[NeonEagle]

If I close my Chase account to stop the payday loan withdrawals, will that cause any problems with lenders in Texas? Would it be a better idea to request an ACH block or to set up a repayment plan instead to avoid extra fees or legal trouble?

[Kaile]

@NeonEagle
Closing your Chase account might prevent those withdrawals, but I think the real danger is that it could cause a cascade of returned payments and fees, which could seriously hurt your credit or trigger action from your Texas lender.

The much safer and smarter move is usually to request an ACH block or to immediately negotiate a repayment plan. This way, you control your payments while maintaining good standing and completely avoid those messy legal or financial complications.