Loan company is threatening to prosecute for closing checking account. Can they do this?

by SS&SS
Question by : Loan company is threatening to prosecute for closing checking account. Can they do this?
Okay so first let me give a little backround. I took out an internet loan in 2008 (BIG mistake, don't ever do it!) and they gave me several hundred dollars plus a huge amount of interest. The payments to pay it back were ridiculous but at the time I was desperate so I agreed. I seriously regret it now. This shady company started taking out more than the payment arrangement out

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