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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?
Are payday loans illegal in NY?
Welcome to the forums!!!
Payday lending is prohibited in New York. That means all lenders in this state are illegal. You owe them nothing more than the principal. As you have already overpaid them, so ask them for the refund. Just close down your old bank account and open a new one to stop debiting money from your account.