I am from NY. I know that payday loans are illegal and that i am obligated to pay the prinicpal that i have borrowed. i have several payaday loans. CMG form whom i borrowed 300 and have paid 180 ( according to them in interest and fees) and midland financial from whom i borrowed 300 and have paid 390 (all interest and fees) sent my accounts to collections ACR. They sent a demand letter after i sent them a debt validation letter. Acccording to them I owe 630 per loan. I have filed compliants with BBB, Attorney General, FCC, FTC for violations and also the NYS dept of banking.