I live in Texas and my husband had surgery in November and I had to resort to payday loans to get by. I am financially unable to continue with my payments as scheduled. I would like to know if they are legally operating in the State of Texas and what my choices are (get an attorney to contact them for arrangements, etc.) I have one online: CashBack Payday Advances ($400.00 payback $500 - 684.375% apr) and I have 3 local store loans: NCP Finance Limited Partnership (Advance America - $700.00 payback $842.05 - 822.98 apr); Cottonwood Financial Texas, LP (The Cash Store - $625.00 - payback $752.80 - 533.11% apr); East Texas Lenders, LP (Swift Cash - $1000.00 payback $1,206.60 - 314.2%). Are these loans legal and what are my options if I'm unable to pay. I give them checks dated for my next payday every time I have paid on them.
I will have to check on CashBack Payday, but if the other's are storefronts then they are legal. I don't really have eny experience with the storefronts, but I know a few people have and they will probably be along to give some advice...
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