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I am trying to find out if National Cash Lenders is legal/illegal in the state of TX. I took out a loan of 400 dollars, and I have already paid back 400 dollars....they are now saying that I have a balance of over 400 dollars. I thought that I read that they were illegal in the state of TX...how do I go about finding this out. Again it was an internet loan, I live in the state of TX, and the company is National Cash Lenders.
Illegal in the state of TX.
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If they are illegal, then you are required to pay them only the principal. Don’t pay them an extra dime other than the principal. Close down your old bank account and open a new one.