illegal lender question
Date: Thu, 06/17/2010 - 16:19
Hi there. QUick question. When I send the email to the illegal payday lenders, does that usually take care of them if I have already paid them back what I owe? Do I have to pay the interest back to these companies or just the total of the loan? So if I took out a loan for 500.00 but the interest was 125.00 do I have to pay back the 500.00 or 625.00? Thanks
Quote:Originally Posted by AnonymousHi there. QUick question. Wh
Quote:
Originally Posted by Anonymous Hi there. QUick question. When I send the email to the illegal payday lenders, does that usually take care of them if I have already paid them back what I owe? Do I have to pay the interest back to these companies or just the total of the loan? So if I took out a loan for 500.00 but the interest was 125.00 do I have to pay back the 500.00 or 625.00? Thanks |
if the lender is illegal in your state then you only owe the principle.any supposed fee debits go towards the loan.so yes if you borrow 500.00 you owe 500.00 nothing more.
When you say "does that usually take care of them," do you mean
When you say "does that usually take care of them," do you mean is that all the money you owe? If you're asking will they still try to contact you about owing more money, guess it depends which company you're dealing with. When they see you mean business, some of them will quietly fade away, and others will keep calling you for ages and ages.
