Are Mobiloans or Plain Green Loans Legal in CT

Submitted by spearsm on Mon, 06/02/2014 - 07:26
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Credit repair

Hello,

I took out two installment loans (payday tribal loans) $800 from plain green and $500 from mobiloans. I am not in default or anything but Im seeing that they are illegal to operate in CT. Does that mean I only have to pay back my principal amounts on them, I was not aware of this when I applied ( I was in between a rock and a hard place) and now upon paying crazy biweekly payments and beginning to feel like I will fall behind. Can anyone let me know the status of these two companies and if I need to pay more than the principle? Thanks!

paulie (not verified)

tribal loans,and other pdl,s/installment loans are prohbited in CT.btw you only owe the principle,but it gets better.any debits they calls fees,or rollovers get deducted from that.so check if the amount debited meets,or exceeds the principle you owe nothing.if there is an amount then make every reasonable attempt to pay,but you must close your current account asap as they debit forever so close it and see how little if anything you do owe.

Mon, 06/02/2014 - 12:39 Permalink
crorkz matz (not verified)

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Mon, 08/04/2014 - 10:09 Permalink