What happens if I stop paying?
Date: Wed, 04/28/2010 - 20:33
I have a payday loan with VIP loan shop and Intergrity Advance. They are both for $300 and charge me $90 every two weeks. This is draining my bank account, and i'm pretty sure the intrest is illegal in Minnesota. I have paid each company at least $600. If I just close my bank account how do I handle them? Will they call me at work? If I send them a letter from a lawyer about their unlawfull practices will they stop or will they keep coming after me?
They have to be licensed to lend in Minnesota. http://www.debtc
They have to be licensed to lend in Minnesota. http://www.debtconsolidationcare.com/paydayloan/minnesota-laws-changed.html
If they are not licensed, close your account and report them to Minnesota AG's office.
As you have online payday loan debts and you have already paid t
As you have online payday loan debts and you have already paid them finance charges of $600 and if you think you will not be able to continue making payments to them. and if they are calling you at your work, what I would suggest you is to go ahead and have word with an attorney from your city and state taking suggestion that what can be done in order to stop these payday loan companies calling you at your work and harassing you.
