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Advantages and disadvantages of unsecured personal loans

Can online payday loans take you to court if they are not… Thank you for contacting JustAnswer. com with your question. I will provide legal information related to joint borrower personal loans question. In most cases no, since most states have laws prohibiting payday loans. Under the new KY state law, borrowers in Kentucky can only have two outstanding payday loans every two weeks.

They are also forbidden to take out payday loans for more than a total of 500 during a two-week period. Payday lenders can only charge borrowers 15 for every 100 that they borrow. So as long as they followed the law they can sue you for an unpaid amount.

Advantages and disadvantages of unsecured personal loans

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Advantages and disadvantages of unsecured personal loans