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alal84 · #1 08-24-2009, 10:52 AM

Well, after clearing up all of my payday loans, I stupidly took out another.

I'm trying to find out if Nationwide Cash is licensed in Iowa. I have looked at the Iowa Bank website (linked form this site) and they are not listed, but I'm not sure if they are a dba. The way I read the Iowa law, they need to be licensed in Iowa (not Delaware as stated on their website), correct? Even if they are licensed, they are overcharging by a substantial amount.

Thanks.

Shazzers · #2 08-24-2009, 11:06 AM

In Iowa Internet payday lenders are not legal, either because of restrictive laws, or because the state does not license companies not located in that state, but requires a state issued license to lend. No, they aren't a licensed lender, and they are ruthless! CLICK HERE to find out how to deal with illegal lenders.