can a payday loan company sue u after u made a pay

can a payday loan company sue u after u made a payment on a loan. its delinquent now i live in louisiana. what r the laws on that?

2 Answers

Payday lending is legal in Louisiana. You can contact with the Louisiana Office of Financial Institutions to know whether or not payday loan company is licensed in your state. If it is licensed, then you will have to pay the principal amount including interests and other fees. Otherwise, you will be responsible only for principal amount. If the payday lender is licensed in your state, then he can sue you because of non-payment of debt. To know more about the state payday loan laws, glance through the following link:
 http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html
 


Payday lending is legal in Louisiana. If your payday lender is licensed to operate in your state, then he can take legal actions against you. You need to contact the Louisiana Office of Financial Institutions in order to find out whether or not they are licensed to operate in your state.


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