Payday Loans are illegal in NY, do I ask for a refund?

Date: Thu, 10/06/2011 - 21:08

Submitted by paradyse27
on Thu, 10/06/2011 - 21:08

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Total Replies: 4

Since Payday Loans are illegal in NY, I know that I am only required to pay the principle. If I have paid more than this amount in finance fees, am I entitled to a refund of the amount paid? How do I do about getting my money back? Is this vaild for past loans that have been paid in full? I hope it is, because some companies have TONS of money to pay me!! ;)

You might be entitled to a refund but it is very likely you will

You might be entitled to a refund but it is very likely you will not see a dime. An illegal lender is not likely to comply. But, it is worth asking for.

lrhall41

Submitted by SOAPLADY on Thu, 10/06/2011 - 21:17

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Yeah, though it is true that you can ask for a refund of the mon

Yeah, though it is true that you can ask for a refund of the money if you have paid more than the principal amount, in most cases the illegal lenders won???t even make the refunds.

lrhall41

Submitted by marvelbecks on Thu, 10/06/2011 - 22:47

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Since payday lending is prohibited in NY, so you can get rid of

Since payday lending is prohibited in NY, so you can get rid of the debts by paying back only the principal amount. As you have paid them more than the principal, then ask them for the refund. Illegal lenders can???t take any legal action against you. I hope the following link may help you in this regard:
http://www.debtconsolidationcare.com/paydayloan/illegal-pdl-dealings.html

lrhall41

Submitted by sally.nachelle on Fri, 10/07/2011 - 04:55

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Thank you all soo much!!! I will definitely try to get what is o

Thank you all soo much!!! I will definitely try to get what is owed to me!

lrhall41

Submitted by paradyse27 on Fri, 10/07/2011 - 09:34

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