can i close my account and get a new one and not have to face a lawsuit regarding payday loans?

Getting rid of payday loans

3 Answers

Read my link in my signature line on how to deal with illegal loans.  However if the loans are legal, they can sue you.

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

What state do you live in? What is the name of the pdl company? How much did you borrow from them? Is your lender licensed in your state?


You can close your account and get a new one. If the payday loan is legal and you stop making payments, then the lender can file a civil suit against you. If the loan is illegal, then they won't be able to do anything to you. So, your first job is to find out if the lender is legit in your state.


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