getting out of pay day loan debt
Date: Mon, 08/02/2010 - 17:36
So, I got in over my head with pay day loans...having my whole check going to pay interest and still owing more than I took out, after several payments. Today i closed my bank account, stopped direct deposit, notified each pay day loan that I was closing the bank account, and would work out a legal, reasonable repayment plan. I live in NY state and pay day loans ar eillegal, so I will wait for them to take me to court..............even if they are outside NY, can they collect without a court decision? I also am writing to the state attorney general.
Have you revoked voluntary wage assignment with them? Make sure
Have you revoked voluntary wage assignment with them? Make sure your employer has a copy of the revocation.
Payday loans are prohibited in your state, so I highly doubt any
Payday loans are prohibited in your state, so I highly doubt any of them would attempt to sue you in court, your defense is open and shut, and they know this even though they would never admit it. CLICK HERE to find out how to deal with illegal lenders.
