California  |  Credit and Debt Law

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3/30/07, 9:52 pm

Legal Question

California State Usury Law

I took out a payday loan on 11/21/06 in the amont of $300.00. As of 03/30/07 this company has taken $734.00 ffrom my checking account for that loan and tried to deduct another $224.00 on 03/30/07. Is it legal in California for them to take this much money away from me on a $300.00 loan?


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