Confused
Date: Tue, 01/04/2011 - 09:15
Don't rely on what others say, read the laws yourself at the lin
Don't rely on what others say, read the laws yourself at the link below:
paydayloaninfo[dot]org/state-information/23
You can verify a license at the link below: www.idob.state.ia.u
You can verify a license at the link below:
www.idob.state.ia.us/public/license/Financesrch/lic_default.htm
I read on here that internet payday loans are illegal in iowa. I
I read on here that internet payday loans are illegal in iowa. I got it off this web site. It said the following internet payday lenders are not legal, either because of restrictive laws, or because the state does not license companies not located in that state. A state issued license to lend
That is correct, I just wanted to encourage you to always verify
That is correct, I just wanted to encourage you to always verify the law. :)
Basically, a consumer finance company must have a physical prese
Basically, a consumer finance company must have a physical presence in your state, per the Iowa Chapter 537 Consumer Credit Code 537.2301
And we always advise that you pay back the principal amount borr
And we always advise that you pay back the principal amount borrowed but no more. It's unethical to borrow money and not pay it back.
Internet payday loans are NOT legal in Iowa. If someone tell
Internet payday loans are NOT legal in Iowa.
If someone tells you otherwise, advise them to call the Iowa Division of Banking and ask for Stuart McKee at 515/242-0379. He will be more than happy to explain that they are not licensed or legal to loan in his state!!