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Is it legal for a payday loan to loan more than what you make?

My husband and I only make 1800.00 every 2 weeks but we had a total of 4 pay day loan places loaning us 2400.00 even though we showed them our pay stubs and let them know my husbands hours were cut and he had to take a cut in pay. Is this legal. We now have to figure out a way to get these paid off.


  1. S P says:

    Is it legal..yes, it’s legal..You sign a contract stating that you agree to make the payments in the time fram of the loan, usually 14 days. Payday loan companies are in the business to make money. If your husbands hours were cut, he should have let them know and they would have reduced the amount he was loaning. Having 4 payday loans out and taking in 1,800.00 every other week, you are over extended and it’s not the payday loan companies fault. Sorry, they didn’t put a gun to your head and make you go in there. The only thing the payday lender can’t due is charge you more than the % in that state. Giving you 4 loans was crazy, but to make money…sure their gonna do it.

  2. roderick_young says:

    My opinion is that those payday loan places are designed to keep you in debt forever. Hopefully, you have not spent it all, yet. What I would do is pay off the full amount to the one with the highest interest rate, or if you have enough money, the two or three places with the highest interest. Then live on rice and water, avoid driving, economize on everything you can in order to pay off the remaining loans. It will not be easy, as their interest rates are horrendous. But it can be done. I’m rooting for you!

  3. Helen Peterson says:


    I live in the US and i really have never seen goodness shown to me this
    much in my life as i am a struggling mum with three kids and i have been going
    through really rough times in my life and my name is Helen
    Peters and in all this hard times, a worse incident occured in my life as i
    lost my job which was my only means of survival and things became really bad as
    i had bills to pay and my last son suffered a knee injury incurred when he fell
    from a tree house and the doctors informed me that he needed a surgical
    operation for his knee so he could walk again and at this point, life was
    useless to me as i have no family and no one to run to and each night, i will
    sit down and cry till the break of dun until one day, i read an advert on yahoo
    answers of man that stated that he could help people in my shoes with loans and
    in my desperate situation, i had no choice but i had to try and so shocking and
    suprising, it was like an impossibility becoming a reality, i got a loan of
    $75,000 USD even with my bad credit within 48 hours and my sons surgery was done
    and thank GOD it was successful and now, i am okay and living in comfort with my
    kids and i said to my self, i have never ever seen this kind of wonder in life
    and i decided i will tell it to the whole wild world and i need every one to
    thank GOD for Mr Patrick Harvey, the man GOD used to rescue me and my family
    even when all hope had been lost and gone and i will say to every one, no matter
    how dark and sinful the world is today, there are still GOD fearing and reliable
    people on earth and if you are in my former situation or require a loan
    legitimately, i will advice you contact this loan lender and you can reach him
    via and i want you all to pray for this man for me.

  4. says:

    NOYBHY!!! Not only yeas,, but hel- yes! Stay away from payday loans unless Bill Gates is your uncle!!

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