Loan Shop payday loan
Date: Tue, 06/05/2012 - 10:52
I live in California. I took out an $800 loan with Loan Shop. The interest on the loan is $30 for every $100. I have made interest payments every month to the loan.
I was wondering if I am obligated to payback the principle and interest on this Loan. I've been reading other websites about payday loans. And if this company is legal to do business in California?
What should I do? I've paid them over $1k already in just interest alone.
I was wondering if I am obligated to payback the principle and interest on this Loan. I've been reading other websites about payday loans. And if this company is legal to do business in California?
What should I do? I've paid them over $1k already in just interest alone.
You have to stop paying them right now! Loan Shop is not license
You have to stop paying them right now! Loan Shop is not licensed to do business in CA. You need to shut down your present bank account and open a new one. Go through this link and follow the advice very closely: http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html
