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By: Salvador Coppedge

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Monday, 2-May-2011 20:30 Email | Share | | Bookmark
Dealing With Illegal Payday Lenders

 
There are many illegal or unlicensed Quid Loan lenders out there on the Internet reaping off so many people because these people do not know they are operating illegally in their states, or do not know how to contract with them.
If you fall victim of these illegal payday lenders, be prepared to be milked dry. They will box you into a tight corner and make you to continue paying them over and over again, even though they know they are not licensed to operate in your state. But because they know you too are not aware of it, they go on having a field day on your cash.
Many people have reported paying thousands of dollars for a loan of three hundred dollars to these illegal payday lenders without knowing they should only have paid the principal they took. That's right! If you took a loan from illegal or unlicensed payday lenders, you are only required to pay back only the principal that you took - no interest charges whatsoever. Thus, if you are already in a payday lender's net, the following information will very well help you to evade been taken to the cleaners.

Read more about Quid Loans


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