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paying on illegal payday loans

Date: Tue, 06/26/2012 - 08:09

Submitted by anonymous
on Tue, 06/26/2012 - 08:09

Posts: 202330 Credits: [Donate]

Total Replies: 3


I have done my research on illegal payday loans and I know that the principal amount only should paid off. My question is do I HAVE to pay these illegal lenders anything? I am in over my head in debt and it would be nice to just forget about these loans and not have to worry about paying anything on them. Since the contracts are illegal am I obligated to pay back the principal legally or is it just a moral thing to pay them the principal back?