I live in NY and took a payday loan from another state. Now they are giving me problems and want to sue me. They calling me from an office and claiming to be a paralegal attorney speaking wuth me saying that the loan company hired him to sue me
You need to consult an attorney to protect your rights. Payday loans are generally structured to charge outrageous rates of interest, and while the lenders try very hard to stay within the usury laws, but they may well fail. You should keep all copies of anything you receive in writing from these debt collector attorneys and review it with a consumer advocate. Good luck.
Business debt has different implications depending on how the business is structured. In some cases, you may be personally liable.
Debt collection options for small business owners include the use of collection agencies, small claims court, mediation, and arbitration.