I have 5 payday loans currently, and I live in NH.
Ameriloan - orig 300 - pd 250 interest only
United Cash loans - orig 300 - pd 360 interest only
Sure Advance Loan - orig 400 - pd 212 interest only
Advance Me Today - orig 400 - pd 130 interest only
Gentle Breeze - orig 400 - pd 260 interest only
I bank with Citizens Bank, and I went down there today and put an "all funds hold" on the account (I used the reasoning of recently finding a fraud transaction on there from Moneyonthego.net for $99.95 which I never authorized) and opened a new, completely seperate account.
My questions are, 1: according to the "state payday laws" thread, If a lender isn't registered in New Hampshire, do I not have to pay back any of the money lent? Or do I still have to pay the principle?
Question #2: What is my next step? Simply writing to these payday loan companies and telling them I'm not paying them any more interest?
I look forward to good conversation, this board has been a lifesaver. Thanks to all who can help me out.
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