paying on illegal payday loans
Date: Tue, 06/26/2012 - 08:09
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?
Legally, you're not responsible for paying them anything as the
Legally, you're not responsible for paying them anything as the contract is unenforceable.
Our recommendation is always that you should, at minimum, repay the principal balance of the loan. You took the money, you should pay back what you were given.
Legally, you are not obligated to pay anything. Morally, you sho
Legally, you are not obligated to pay anything. Morally, you should consider paying off the principal balance at least. You can do it on your own terms if you please.
