I live in california what r the payday laws
Date: Sat, 09/24/2011 - 14:56
contact with the CA Department of Corporations to find out if yo
contact with the CA Department of Corporations to find out if your PDL's are licensed in your state. If not, then you only owe the principal. If licenced, you owe principal and interest,
Based on what you have written, the amounts of your loans are le
Based on what you have written, the amounts of your loans are legal in CA, because the max that can be lent is $300 (meaning you actually walk out the door with $255 and you pay the lender a $45 fee). If your loans were larger, that would be a red flag to me that they were illegal.
However, without knowing who the lenders are, we can not determine if it's a legal loan or not. If your loans are with legal lenders, the worst that could happen would be that they could secure a judgement against you in CIVIL (not criminal) court. Let us know who your loans are with and we can go from there.