Share post
Debt Consolidation Forums Payday Loan help forums

Will I have to pay more on the payday loan?

member profile picture
Posts: 1
Credits: 0

I am getting a call from a collection agency that I have to pay about $500 on a payday loan debt. However, I borrowed about $300 and paid back $150. But, I could not make payment thereafter. So, will I have to pay the increased amount? I took it from an online lender and I stay in Georgia.

You do not have to pay the increased amount.
You have to pay only $150 to them. Payday loans are illegal in Georgia. So, you have to pay the principal amount only.
There is no need to pay interests. The loan agreement is also not a valid one.

Sub: #1 posted on Mon, 10/19/2020 - 00:42

David Martin David Martin

(Posts: 394 | Credits: )

Page loaded in 1.315 seconds.