If payday loans are illegal in NC, do I have to repay them? Because I am struggling to do so.

Asked over 1 year ago - Cary, NC

I have repaid some of the loan balances plus additional $$$ just in fees from these payday creeps. I recently discovered that these internet loans are illegal in NC. Does this mean I don't have to repay them at all? The fees are killing me!!

Attorney answers (2)

  1. Lynn Ellen Coleman

    Contributor Level 14

    Answered . I don't think many attorneys will advise you not to repay your debt just because you decide that you don't want to, or because you now regret getting yourself into a bad deal. It is not clear from your question if you have tried to work with them or not. This issue of "what can they do to me if I don't pay because I can't afford to pay them any more" is not really the question you presented.

    I agree with our Attorney Generals advice here:

    http://www.ncdoj.gov/getdoc/c586ef8b-2a80-4ab6-...

    This message is intended for informational purposes only. It is impossible to consider all relevant facts from a... more
  2. Adrian M. Lapas

    Contributor Level 12

    Answered . Call me! I am an hour east of you.

    By answering this question, general information is provided and no attorney-client relationship is established.... more

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