Online payday loan laws for New York, made easy
Date: Tue, 10/02/2012 - 13:23
I haven't been able to find a thread that states the online payday loan laws for New York. I am trying to get these illegal payday loan "companies" out of my life, an when they send me replies to my ach revocation letter, I want to reply with a brief, easy to understand paragraph or two describing the payday loan law for New York.
If you already posted it, please post the link. Or please just reply with it.
I might have missed it...
Please help!!
If you already posted it, please post the link. Or please just reply with it.
I might have missed it...
Please help!!
Google NYS payday loan laws... here in NYS payday loans are spec
Google NYS payday loan laws... here in NYS payday loans are specifically prohibited as are any loans with an interest rate over 16%... a loan with an interest rate higher than 16% is NULL AND VOID per NYS law and civil suit can be filed. A loan over 25% is a CRIMINAL felony in NYS, class E.
Pay only the amount you actually borrowed. Close your checking
Pay only the amount you actually borrowed. Close your checking account. It might be a pain in the neck but it cuts the cord........