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I have 2 payday loans 1 with SSM Group LLC and the other with summit group.Both for 150.00.I live in PA. Are they unlicensed/illegal? Will needs less to say someone got a hold of my banking info. My money is gone. Had to close my acount and can't pay these now.
Payday loans are illegal in PA and so you owe nothing more than the principal amount. Borrow money to repay the loans.
Payday lending is prohibited in PA. That means both of your lenders are illegal in your state. You owe them nothing more than the principal balance. You have done the right thing by closing down your old bank account. Don’t worry, they can’t do anything.