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i borrowed money from a loan company. i was out of work for about 25 days-now because i was not able to keep up the payments- i owe an astronomical amount of money- all for a loan of 300 dollars- has turned into over 1000 dollars is there anything i can do to stop this highway robbery- i have already paid over 700 -
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It is possible that the loan is not enforceable because of the interest rate charged. I would contact the State Attorney General's Office or NYS Banking Department or if in New York City, the NYC Dept. of Consumer affairs.
Answered on Apr 25th, 2013 at 4:07 PM