PDl vs. Installment loan
Date: Tue, 06/12/2012 - 08:10
What is the difference between a PDL and an installment loan and where would I go to find out information on whether or not an installment loan is legal?
The loan is through Money King Loans for $400. As far as I can tell they are not licensed in my state of Michigan.
The loan is through Money King Loans for $400. As far as I can tell they are not licensed in my state of Michigan.
Crudely speaking, an instalment loan is usually for higher amoun
Crudely speaking, an instalment loan is usually for higher amounts, such as those which don't qualify as 'small loans' but thats just one of the differences. You need to contact your state's department of finance and find out if the lender is has the proper licenses to give out payday/instalment loans.
