I live in CT and am dealing with payday loans. Wh

4 Answers

Yep…Soaplady is right. You are required to pay back only the principal amount to the illegal lenders. Close your bank account to stop unauthorized withdrawal. Ask them for the refund, if you have paid them more than principal. You will be happy to know that illegal lenders won’t be able to take any legal action against you.


Follow the link in my signature line...it explains how to deal with illegal loans.  And please do not listen to amy nickerson...you do not use a debt settlement company to pay an illegal loan.

How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com/statute-of-limitation.html

Yes, as the payday loans are illegal in CT, you just have to repay the principal amount and not the interest rates and the fees. If you face any kind of issues in repaying your debts, you can get help from a settlement company in order to waive off a portion of your balance.


Lending of pdls in CT is illegal. You'll have to pay back only the principal amount. Forget about the interest rates and fees. Insight Capital offers payday loans.


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