i TOK OUT A VERY SMALL PAYDAY LOAN FOR $100.00 . T

i TOK OUT A VERY SMALL PAYDAY LOAN FOR $100.00 . THE FINANCE CHARGE IS $30.00 TOTAL $130.00. THEYTOOK OUT $30.00 AND THEN SAID I WAS SUPPOSED TO CAL THEM 3/DAYS BEFORE THE DUE DATE TO TELL THEM TO TAKE IT OUT. NOW, I STILL OWE THEM $130.00! HOW CAN I GET THEM TO STOP?

2 Answers

Find out if the payday loan company is legal in your state. If they are not legal, then pay back the principal amount and close your account. 


What state do you live in? What is the name of the payday loan companies? Are your lenders licensed? Give us more information. If you find that the lenders are not licensed in your state, then it’s better to get rid of the debts by paying them only the principal amount. You will be accountable for both the borrowed amount and interest, if the lenders are legal in your state.


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