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I live in Arizona and have 3 payday loans through the internet totaling around $1600. The 3 companies are payday max, my cash now, and advance me today. I know Arizona law states there is no payday loan allowed. But since this is done over the internet can I legally stop paying on them. I have already paid 600 on a 300 loan with advance me today and still owe 200. I am about even with –payday max in the amt of fees and principle and still owe 500 on a 620 loan. My cash now -I have paid 600 in fees on a 800 loan. Can I just pay back the principle on these and call it a day? I am going to close out my bank acct tomorrow and open another one. Plz help
Going to close out my bank acct
Welcome to the forums!!!
Payday lending is prohibited in Arizona. That means all lenders are illegal here. You owe principal only. Don’t pay them any interest or fees. Close down your old bank account and open a new one. Don’t worry, they can’t do anything.