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PDLs Illegal in Certain states.... CONFUSED

 
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PostPosted: Fri Oct 26, 2007 1:01 pm Subject: PDLs Illegal in Certain states.... CONFUSED

Or "Prohibited", or whatever. I live in CT and apparently this is the case in my state... these PDLs are prohibited. Does anyone know what that actually means? Obviously they can't be prohibited if I received them... what does this really mean???
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PostPosted: Fri Oct 26, 2007 1:07 pm Subject:

It really depends on the state. In most state's where they are prohibited, it means just that. Businesses are not allowed to do payday loans in those states. BUT - Some state's only prohibit physical locations, leaving a loophole for internet based lenders to go through. I'm not sure what the case is for CT because I haven't looked into it.
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