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I stepped into around 9 payday loans, however, resolved 3 of them because of some research and consultation from an attorney.

However, after few days, I found that none of the lenders was licensed to do business in my state and I’m just responsible for the principal amount that I borrowed. Due to this, one lender refund me an amount of $380.

Earlier this year, some other lenders have passed the accounts to collection agencies. Am I obliged to pay the pay the collection agency if the original lender is not licensed in my state?

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Just bring the unlicensed payday lenders to the office of the state’s attorney general.

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Last Updated on: Fri, 8 Jun 2018