Frankfort, IL asked in Criminal Law and Consumer Law for Illinois

Q: i borrowed 1000 dollars from checkntocash and end up paying over 1800 dollars for it in order to get my title back , Is

is this legal ?

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3 Lawyer Answers
Juan Ooink
Juan Ooink
Answered
  • Criminal Law Lawyer
  • Bolingbrook, IL
  • Licensed in Illinois

A: Yes, you signed an agreement when you got the loan. You need to take a close look at the loan document. These types of loans are never recommended due to the very high interest rate.

Cheryl Powell agrees with this answer

Cheryl Powell
Cheryl Powell
Answered
  • Criminal Law Lawyer
  • Mt Vernon, IL
  • Licensed in Illinois

A: U signed the contract. Yes, its highway robbery, but they can do it.

Omar Khan
Omar Khan
Answered
  • Criminal Law Lawyer
  • Oakbrook Terrace, IL
  • Licensed in Illinois

A: Generally speaking yes, but there are limits and other rights provided to you in Illinois. In order to determine whether it falls within the limits and any additional legal rights you would have, requires more facts and a consultation with an attorney.

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