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Pay Day Loans Laws

Date: Mon, 03/19/2012 - 21:44

Submitted by aus7mac
on Mon, 03/19/2012 - 21:44

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Total Replies: 5


I've read alot of the posts and it has all been very helpful. I just wanted to make sure I understood everything right. If I live in Connecticut and Payday loans are illegal in this state, that means that even though I've paid over $600 on a $250 dollar loan, I dont actually have to pay them anything? Will not paying have any affect on my credit score?


One other question. Is there any legal action and illegal lender can take against me if I don't pay what they claim I still owe or if I hypothetically took out a new loan and then changed my bank account


lrhall41

Submitted by aus7mac on Mon, 03/19/2012 - 21:50

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