Payday loans
Date: Mon, 08/17/2009 - 12:05
Hello
I have several payday loans. I have been trying to pay them
off, but I am having difficulty. I live in NJ and would like to
know if they are legal and is ther anything I can do to just
pay the principal. Should I close my checking account?
Thanks
I have several payday loans. I have been trying to pay them
off, but I am having difficulty. I live in NJ and would like to
know if they are legal and is ther anything I can do to just
pay the principal. Should I close my checking account?
Thanks
Hi there and welcome. Payday loans are prohibited in N.J. Click
Hi there and welcome. Payday loans are prohibited in N.J. Click the link below to read your payday loan laws.
http://www.paydayloaninfo.org/state_detail.cfm?id=NJ
CLICK HERE to find out how to deal with illegal lenders.
Shazzers is correct! Payday loans are prohibited in NJ.
Shazzers is correct!
Payday loans are prohibited in NJ.
So yes, I would close the bank account.
Note that the New Jersey Department of Banking and Insurance has
Note that the New Jersey Department of Banking and Insurance has no record of going after any payday lenders, regardless of whether they are legal in NJ. You'll need to familiarize yourself with the state laws Shazzers linked you to and hand tough when the collectors start calling. Good luck to you.
