Are these loans illegal?

Submitted by Anonymous (not verified) on Fri, 05/31/2013 - 10:21
Forums
Credit repair

I live in New York State and I have 4 loans: US splash cash, $460 so far paid $644 and this was all in interest. Hydra fund $250 paid $300 in interest. West River Cash $250 paid $300, and USA money shop 700 paid $201. Are these loans illegal?

sallynachelle

Welcome to the forums!!!
Payday lending is prohibited in New York. That’s why all of the above mentioned pdl companies are illegal in your state. You owe only the principal amount to them. No interest, no fees. Ask them for the refund as you have already overpaid them. Just close down your old bank account and open a new one.

Mon, 06/03/2013 - 04:54 Permalink
Anonymous (not verified)

PDL is prohibited in the New York. So in my view your loan is illegeal

Tue, 06/04/2013 - 07:31 Permalink
happycreditreport (not verified)

I have no answer for your question so its better to get help from some " Credit Credentials " company for confirm about your loan

Tue, 06/04/2013 - 07:34 Permalink