I signed up for a payday loan from LOANSHOP/MROREAD, have been trying to get information to pay them off and they were "hiding". Took a loan out for $300 in March of '06 and am still paying on it, I though money was going to the principle but it was not, I have paid $180 per month for the past 12 months, so for a $300 loan i have paid back $2160. Can I stop payment on this loan by going through my bank or what other recourse do I have. Please advise, this would be half the downpayment on my new house if I had all this money back.
Any advise will be greatly appreciated.