Tue, 08/12/2008 14:56
I was just reading a post about our laws in Louisiana...It stated that for a lender to be legal, they had to have a physical address in our state to be able to have a license in our state. SO, if my lenders, aren't on that list, they are not legal in my state. Which means, my contracts aren't binding. So here is my question...If I have already paid them back at least what I have borrowed (which I had done on all 6 of them)..do I owe them still??? It also said on the post...to send the companies a letter, stating that they are not legal in my state, and I do not owe them any more money, because I have already paid them above and beyond the principle...Is this what I should do??? Need advice Please...thanks!!!! OH...NONE of the lenders are legal in my state!!!