Pay Day Loans
Date: Tue, 05/01/2012 - 14:47
When I was 19 i took out 700 dollars in pay day loans. I knew nothing about them now it has been one year and my loans keep renewing with me only paying the interest on the loan so basically i have paid more than the actual principal. My question is can i stop these payments since i have paid more than what i already owe in interest or am i stuck having to pay off the 700 dollars.
What state do you live in and who did you borrow from???
What state do you live in and who did you borrow from???
You have been paying these people off for more than 3 years now?
You have been paying these people off for more than 3 years now? Check with the state department of financial regulation to see if your lender is licensed. If by chance, they are not licensed, stop paying them immediately, shut down your bank account and send them a letter asking for a refund of the money you paid over and above the loan principal.
