Activities of Rio Resources

i don't think the FTC has jurisdication over these places . . . . It is currently only regulated at the state level.

do you think that it is true that they are not licensed and do you know of any pdl that are not???

The legal action that is taken against them is usually by the appropriate state's regulatory agency and/or attorney general.

I would hazard a guess that there are far more unlicensed lenders of iPDLs than there are legitimate, licensed ones.

how can i find iut, and they cant take leagal action of they arent can they?

Many states have websites for the agencies that regulate business/financial institutions, and you can search for the licenses on said websites.

Generally speaking, they (unlicensed companies) could not take legal action against someone. I doubt any attorney would want to sue on their behalf when the company is breaking a law to lend money, anyway. I suppose it is possible that they could sue you for the principal, and (doubtfully) for the interest/fees permitted by your state law.

The threats of legal action an unlicensed lender will make are usually stated just to intimidate someone into paying. They are counting on an uniformed borrower-one who is completely unaware of the state laws, that they can bully into paying. It's like loan sharking without breaking legs.