I sure hope someone here can help me. I've read through a lot of the posts here, and am unsure of the current status of Cash Cure, as a Lender, in illinois. Previously I had read (here and elsewhere) that they weren't license to lend here, and therefore any payday loan issued by them was deemed illegal. I had received a 700 dollar loan at the beginning of July, 2013, and have been paying 200$ on a bi-monthly basis. This has been crushing me, and after looking further into the matter, I Froze my account with Chase, so as to prevent CashCure from depleting my direct deposit coming in 2 days. Being "frozen" allows no one to withdraw but me, and I have to go into a Chase branch and present my photo ID to access funds. They will close that account on Friday, ove the Deposited funds to a newly opened account. Did I do the right thing? The more I read of these stories I'm becoming sick to my stomach. Ultimately, my question Is the loan I received from CASh CUre LLC illegal under the Law of Illinois? Did I do the right thing in Freezing my account until I can open a new one? What Will happen with CashCURe? What should I say to Them? It was my understanding (from what I could gather online) that the loan was illegal in Illinois, and I should close or freeze my account immediately, to prevent further access to my funds. I sure hope I didn't do the wrong thing, anybody able to help my mind rest...please?
Thanks in advance,