internet payday loans
Date: Tue, 04/19/2011 - 17:39
i have an internet payday loan for 500$ and i live in TN. I have paid 300$ as interest for the first month. Then, i lost my job and I dint pay anything on it for two months. Now, they say i need to pay 850 in total. Are they legally allowed to lend loans in TN and shall i get settlement from them.They call me everyday and threaten me saying they gonna file lawsuit. please guide me.
Payday lending is legal in Tennessee. If the lender is licensed
Payday lending is legal in Tennessee. If the lender is licensed to operate in your state, then he will be able to claim the principal balance as well as the late fees and other charges. You can set up a payment plan with them so that you will be able to pay off the debts in an affordable manner. You can even go for payday loan consolidation.
