Payday lenders are legal in Louisiana. However, in order to find out whether or not your payday lender is licensed in your state, you need to contact the Louisiana Office of Financial Institutions.
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As I'm not a lawyer, I believe that "A lean compromise is better than a fat lawsuit".
Savion is right. The contact detail of Louisiana Office of Financial Institutions has given below:
Address - P.O. Box 94095 Baton Rouge LA 70804, Phone number - (225) 925-4660 and Fax number - (225) 925-4548
By signing up for counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the pay off amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.