Negative accont balance?

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I had two payday loans.. they starting debiting my account because I was late a payment. Because of this my account went very negative because of NSF fees.. then my bank accepted two direct bill pays that I had set up through my insurance and gym. they paid them and charged me a fee. My problem now is that my account is negative $650 with a mix of the NSF fees and the bill pays they accepted. I cant pay this for about a month or two because the NSF are so much and the Payday loan is harrassing me so I have to get them paid. I know I have to pay my bank back and I will and I also realize they may close my account.. what I am afraid of is that I will get into legal trouble with the bank? I asked if I could stop the depsoits from the payday loan and they said no because I agreed to them to use the account originally. So they will not sympathize on that part. Can I go to jail for bounced checks??

Negative accont balance?

In answer to the question - IF the checks or insufficient funds can be deemed as "fraud"; meaning that you knew you didn't have the funds available and wrote checks, yes, you can go to jail. The key is intent. (You didn't intend for this to happen, so you probably won't get into legal trouble).

You need to immediately cease all action on the account - call the bank and tell them what is happening so that things don't spiral further out of control.

Call the institutions for which you have autopay set up and cancel them immediately.

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Negative accont balance?

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