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default laws for certain states

Date: Sun, 02/22/2009 - 07:56

Submitted by anonymous
on Sun, 02/22/2009 - 07:56

Posts: 202330 Credits: [Donate]

Total Replies: 3


how can i verify if my state permits law where if you pay less than the promised loan amount you cannot be charged the interest.


Hi lovesgonnalast,

Welcome to the Community!

I'm not sure what you're asking here. Do you mean a settlement? A creditor doesn't *have* to agree to a settlement, they do it to at least recover some or the funds without have to spend more to service the account.

Please clarify what you are asking, and what state you live in.

Thanks!

chrys


lrhall41

Submitted by Chrys Henderson on Sun, 02/22/2009 - 19:41

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i mean with pay day loans. If u only pay just the amnt of the loan and not the interest, is that permitted by law in the state of Illinois, once u are in default?


lrhall41

Submitted by on Mon, 02/23/2009 - 08:42

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are we talking storfront or internet?if internet which pdls are we talking?i'm in illinois too and can answer your questions if you can answer mine.


lrhall41

Submitted by paulmergel on Mon, 02/23/2009 - 08:45

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