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Hi, I wanted to ask you if legally the payday le

Date: Fri, 03/11/2011 - 05:45

Submitted by Laura T
on Fri, 03/11/2011 - 05:45

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Total Replies: 2


Hi,
I wanted to ask you if legally the payday lenders can take me to court for oustanding payday loans.
My whole paycheck goes towards paying the payday loans and I do not know what to do.
Please advise.
Thank you.
Laura


What State do you live in and who are your payday lenders? Remember, if a payday lender is not licensed to do business in your State, then you are only morally obligated to pay back the principal balance (no interest/fees). I would first, close my bank account so that no more money can be withdrawed. I would then find out which lenders are licensed in your State and make some sort of pay back agreement.


lrhall41

Submitted by Lizzie1014 on Fri, 03/11/2011 - 05:49

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