QUESTION!!!
Date: Wed, 07/08/2009 - 16:55
I live in Missouri, and have a payday loan with CashNetUSA which is licensed in Chicago, Ill. Which laws apply to me?
Missouri law says it is a criminal offense to close my checking account but Illinois law says criminal charges are prohibited.
Only for internet. If the loan was at a storefront, you go by t
Only for internet. If the loan was at a storefront, you go by the state they are located in. Basically, the laws of the state where the contract was signed would be enforced.
It was an "online" loan with CASHNETUSA licensed out of Chicago
It was an "online" loan with CASHNETUSA licensed out of Chicago Ill.
I live in Missouri.
loan amount $500.
paid so far $125.
CashnetUSA is licensed by the State of Missouri to lend to Misso
CashnetUSA is licensed by the State of Missouri to lend to Missouri residents. You can check their site under rates and terms for your state and view their license there. Your loan is governed by the state of Missouri. Do you still have your contract to verify?
Yes, I have my contract. It all refers to Missouri law.
Yes, I have my contract. It all refers to Missouri law.
Being that they are licensed in your state , they are very legal
Being that they are licensed in your state , they are very legal . If you live in Mo and they are licensed in Mo, then the laws for MO apply.