State Laws & Payday Lending Practices?
June 17th, 2009
dixiegirl asked:
It’s my understanding that online payday lenders must follow state laws in which the lendee resides. If correct, I believe that our rights were violated when obtaining such a loan. Any insights?
Jose
It’s my understanding that online payday lenders must follow state laws in which the lendee resides. If correct, I believe that our rights were violated when obtaining such a loan. Any insights?
Jose
Filed under: Personal Finance | Tags: Online Lenders, Online Payday Lenders
June 17th, 2009 20:07:20
borntolovejesus
June 20, 2009
The whole payday loan thing is out of control they charge higher fees than the whole payday loan thing is out of control they charge higher fees than the whole payday loan thing is out.
funnyman_46750
June 21, 2009
Your best bet is to check with your local Better Business Bureau, they should be able to help answer that question.
RaleighF
June 24, 2009
Most states have usury laws which forbid interest rates in excess of a certain APR.
Good luck.