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I live in California and I'm new to this forum. I were myself stuck in payday loans and have closed my back account recently. Below are the loans I currently have:

West coast cash: Loan $400, $137 paid so far
Check n go: Loan $800, paid $154 in interest
Allied Cash Advance: $500, paid $0 as of now

Please let me know what should I do now, and what my creditors can do according to California law. Thank you.

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First contact the California Department of Financial Institutions to know if the payday loans are licensed in California. If they are not legal, you just have to pay the principal. However, if they are legal, you need to pay the principal and interest, both. If the lenders are illegal and you have paid more than the principal, you can ask them to pay back the amount. However, you can't stop paying your lenders as they can certaily sue you and garnish your wages.

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Last Updated on: Fri, 8 Jun 2018