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No these loans are not illegal. If they are calling and harassing you, they are required to stop calling and only communicate in writing if you make that request to them in writing. The problem they will have is collecting. They cannot garnish your wages or bank accounts unless they sue you first and get a judgment. If they take you to court -which may never happen or may be months or years away-they will likely compromise or the court can set a payment schedule. Change banks so that they no longer have access to your accounts. If you are way over your head, contact a bankruptcy attorney. There are some good ones in your area. www.lawmelton.com