Legal Question in Credit and Debt Law in North Carolina

I have multiple payday loans and having problems paying them back. what kind of trouble will i be in since i can not pay them back and had to stop my bank account here in North Carolina? They are threatening me with court for nonpayment and fraud.


Asked on 1/26/12, 12:15 pm

1 Answer from Attorneys
Rachel Hunter

Payday loans are always a mistake! However, the good news is that these loans are illegal in North Carolina.

Don't pay them back. They are not going to sue nor are they going to go to the police. Its analogous to a drug dealer calling the police because another dealer robbed him of drugs. The drug dealer doesn't do it because he is doing something illegal. Same principle here - the payday lender will not go to the police as they are engagged in unlawful activity.

Contact the North Carolina attorney general for assistance.

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Answered on 1/26/12, 1:32 pm


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