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Loan and mortgage

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If a payday loan isn't licensed in my state and have already withdrawn 3 times the amount owed, am I entitled to reimbursment?

I took out a payday loan for $300 and have paid more than $1000 and they are not even licensed to do business in my state. I didn't realize how much they were taking because they were taking $90 bi weekly. I called them and they seem like total scammers! Am I entitled to any of my money back?

Asked on 6:54 pm Jun 16th 2011

Anonymous

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If the payday loan company is not licensed to operate in your state, then you can definitely claim a refund for the excess amount that they have debited from your account.

Answered on 7:58 pm Jun 16th 2011

Anna Sweeting
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