Payday Loan Laws

Date: Mon, 03/29/2010 - 13:14

Submitted by anonymous
on Mon, 03/29/2010 - 13:14

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Total Replies: 4

I was wondering if anyone knows if you have a payday loan from a different state then you live in do they have to follow your state payday loan laws.

The payday loan laws vary in each state, it all depends upon the

The payday loan laws vary in each state, it all depends upon the state YOU are located in.

lrhall41

Submitted by Shazzers on Mon, 03/29/2010 - 13:15

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I have a loan with JHS Marketing so do they have to follow my la

I have a loan with JHS Marketing so do they have to follow my laws which are illinios laws?

lrhall41

Submitted by on Mon, 03/29/2010 - 13:21

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Illinois prohibits Internet payday loans, so the answer to your

Illinois prohibits Internet payday loans, so the answer to your question is yes. Basically they are illegal in your state so all you would owe them is the original amount you borrowed to begin with, you can only stop them one way and that is to close your account. CLICK HERE to find out how to deal with illegal lenders.

lrhall41

Submitted by Shazzers on Mon, 03/29/2010 - 13:23

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If you go to a storefront, you will abide by the regs of the PDL

If you go to a storefront, you will abide by the regs of the PDL location. If you go online, the regs of your state prevail.

lrhall41

Submitted by PDLOwner on Mon, 03/29/2010 - 20:42

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