NC residents read - info from AG
Date: Wed, 06/08/2011 - 15:21
I spoke with a gentleman in the NC AG office today about payday loans. Bottom line was ignore them. Collection agencies - the worse thing they can do is report it on your credit report. Nothing else.
Payday lending is prohibited in North Carolina. So, the payday l
Payday lending is prohibited in North Carolina. So, the payday lenders operating there are illegal and cannot take any legal actions against the borrowers. Also, the borrowers based at North Carolina will be liable for paying only the principal balance if they take out a payday loan.
The best option will be to not take out payday loans in North Ca
The best option will be to not take out payday loans in North Carolina. If anyone is in need of money, then he can take out a small personal loan with low interest rate from his friends or family.
