Best answer from question by DLB:
Answer by Steve D
The statute of limitations laws on cards is the time you can pursued through the court system (some states may have SoLs on how long the debt is valid). These SoLs tend to be 6 years and the payday loan company will most likely come after you well before then.
Best answer from question by lawn1016:
Answer by toocan
yes but rune the company on the BBB.
http://www.bbb.org/
many companies are “non profit” but they will screw you. many will pay late, but your credit will suffer. and forget about suing because there is an arbitration agreement in the contract you sign that basically says you will go to where they are (probably florida) and go before an arbitrator who will decide who wins. you can expect to pay about $ 3,500 for your half of the arbitration. call each company you owe and deal with them directly.
