AZ NM and NV?

This reminds me of the post I read sometime back. Credit card companies in Delaware and South Dakota have rules in their favor. They don't have to follow the laws in the borrowers' state. They are allowed to charge any interest rate and fees while operating from their states. Virginia-Legal-Defense did a post on this subject.

http://www.debtconsolidationcare.com/political/extortionate-statute.html

I was wondering the same thing??? I'll bet it has something to do with tax benefits. Somehow when they file their corporate annual returns, these states probably don't charge them as much tax.

Or maybe the companies are run on an indian reservation...

Tax benefits are the reason for Delaware incorporation. Many types of businesses are incorporated there (my mom runs a home based business but incorporated in Delaware for simple fact that Delaware is business friendly); the PDL's choose the other states for licensing because of the loose interest rate caps (which is totally legal); the trick for them is to comply with the state so their license doesn't get revoked. Many companies I have seen have a license for about a year. When they get the annual audit, the license gets revoked. TA DA!!