Money for the due date

Submitted by Anonymous (not verified) on Thu, 12/27/2012 - 10:33
Forums
Credit repair

I have 5 internet payday loans out. I wanted to know if these companies are illegal in Ohio: cash net USA, payday one, idealgelt, cash jar, and American web loan. If they are or are not how long do I have to pay them back if I do not have the money for the due date?

sallynachelle

Welcome to the forums!!!
Idealgelt, cash jar, and American web loan are illegal lenders. So you owe principal only. Don’t pay back them any interest or fees. Close down your old bank account and open a new one. Ask them for a refund if you have overpaid them.
Cash Net USA and payday one are legal lenders. In this case you are liable for both the principal and interest. If it seems difficult for you to pay back the full amounts, then go for payday loan consolidation to replace your multiple bills into a single monthly payment.

Fri, 12/28/2012 - 04:34 Permalink