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I live in NJ and have 8 internet payday loans. Ge

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live in NJ and have 8 internet payday loans. Getting overwhelming. Should I consider loan consolidation or close bank accounts and move on?




Depends on the loans you have. Do you have legal payday loans or illegal? In NJ, payday loans are illegal. So you can close bank accounts and move on. Always check the state payday loan laws before borrowing a payday loan.

Sub: #1 posted on Wed, 02/20/2019 - 19:47

David Martin David Martin

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If you have illegal payday loans, then you just need to pay the principal amount. But you have to pay the principal amount with the internet if the loans are legal. So, it is better to consolidate them instead of running out. Because if the lenders are legal, they can sell the debts to the collection agency. You may get collection calls!

Sub: #2 posted on Fri, 02/22/2019 - 04:32

Sanders Patricia Sanders Patricia

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For illegal pdls, just pay the principal amount. And, from next time, avoid taking out a payday loan, Opt for other options.

Sub: #3 posted on Fri, 02/22/2019 - 05:32

Good Nelly Good Nelly
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NJ do not appreciate payday lending, so I guess these internet loans are illegal. You should pay only the principal. that's it.

Sub: #4 posted on Sun, 02/24/2019 - 21:51

tiarajoseph11 tiarajoseph11

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