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Loan Shop payday loan

Date: Tue, 06/05/2012 - 10:52

Submitted by anonymous
on Tue, 06/05/2012 - 10:52

Posts: 202330 Credits: [Donate]

Total Replies: 1


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.