Tribal loan in NC

Hi, I have recently accepted an online tribal loan online with Lendgreen for $800. I have been researching and found that payday loans are prohibited in NC, where I reside. My first due date is coming up for $290 and I will not be able to pay it. What are my options? What can they legally do, if anything?

2 Answers

Since they are not legal in NC, they can't take the legal step against you. But, make sure you pay the principal amount that you owe.

Read these threads to know about tribal loan law:

They can't take any legal steps against you. You only have to pay the principal amount i.e,, $800. Notify them that you'll pay later.

I don't know why people don't check the state payday loan laws before taking out a loan.

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