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 Posted: Wed Nov 07, 2007 8:01 am |
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It is my understanding that Magnum Cash Advance is licensed in Deleware. I looked at the Deleware pdl laws, how is Magnum lending over the limit that is stated in the laws?
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confused12
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| Posted: Wed Nov 07, 2007 8:34 am |
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What state do you live in? How much did you borrow and how much have you paid them so far including fees and rollovers? Where you live determines what you a required to pay. They are not licensed anywhere but Delaware. Also we need this info to compare to Delawares laws too.
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frogpatch
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| Posted: Wed Nov 07, 2007 8:53 am |
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This is just a general question, how do they get away with loaning over the state max? I live in PA by the way
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confused12
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| Posted: Wed Nov 07, 2007 9:00 am |
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I was told by Magnum that Deleware also allows larger installment loan amounts. That is how they loan over the state max.
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jazzy4136
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| Posted: Wed Nov 07, 2007 10:40 am |
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That is true. That is why so many of these Payday lenders have the same address in Wilmington. It is a Mail Boxes Etc. Unfortunately Pa allows the rule of the state where the lender located to apply. I ahve heard that may be changing or already has changed.
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frogpatch
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