Date: Tue, 07/24/2012 23:19
Hi... so I stupidly have taken out payday loans on two separate occasions now this year, with the first set of about $2,500 being paid off and now the second set totaling about $3,000.
I have now read up on Minnesota's payday loan laws and have not been able to find a single lender that I've used among the legal lenders here. I had no idea that internet lenders had to be licensed in each state and that any loans they provided to me would be illegal if they were not licensed.
I am hopeful someone can confirm this for me and advise on the next steps so I can stop the endless cycle of payments with no end.
Here's a list of my current payday loans and lenders: