Do i have to pay back payday loans

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(866) 879-5219 or [email protected] I have an unpaid balance on a payday loan. Does the change in law mean that I do not have to repay the loan? Probably not. If you borrowed money and promised to pay it back, the sunset of the payday lender licensing program will not, by itself, change that obligation.

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Aug 7, 2014 "If you work everyday, why can't you get your pay every day?" Palaniappan argues that his service beats the alternatives. For instance, incurring an overdraft fee typically sets you back about $35. And payday loans, which similarly give you a cash advance on your paycheck, often levy interest rates upwards