If I have several payday loans and just recently found out that they are illegal in my state, what are my options?
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If I have several payday loans and just recently found out that they are illegal in my state, what are my options?
Asked on December 5, 2012 under Bankruptcy Law, Maryland
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
Since many states have deemed payday loand illegal due to their extremely high rate of interest I suggest that you consult with a consumer law attorney to see what your legal options are as to simply paying back the loan interest free or not at all.
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