Criminal Law Questions? Ask a Criminal Lawyer.
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Is there a particular company that you have in mind?
What would be the amount of the loan?
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Payday loans are ILLEGAL in North Carolina. The legislature allowed the law allowing payday loans to expire in 2001. Thus, payday loans became illegal. Below is a website that should help you with questions, and even provides how to file a complaint with the Attorney General.
After reading the general information, click on "State Information" on the left hand side of the web page. Towards the bottom of the page is a map of the United States. Click on North Carolina, and you will find information pertinent to your state.
I would contact the Attorney General regarding the lendors. Then, if appropriate file a complaint. You can ask the Attorney General's office if you can stop further payment on the loans, pending the outcome of your complaint.
Generally, a person/business cannot enter into an illegal contract. If done, it can make the contract void or voidable. Again, you may want to check with the Attorney General's office. Or, you can also seek the advice of an attorney who specializes in contract law. You can contact your local bar association for a referral. It will probably give you 2 or 3 names. You can contact the attorney(s) for a telephone consultation, or ask to make an appointment. Sometimes these consultations are free of charge.
If the contract is deemed illegal, it cannot be enforced.