western sky financial
Date: Sat, 10/27/2012 - 18:26
No they all an illegal tribal lender. Follow the link in my sig
No they all an illegal tribal lender. Follow the link in my signature line for information on how to deal with them.
But it says it's not a pdl so is it still illegal and if its not
But it says it's not a pdl so is it still illegal and if its not a pdl what can I do to stop them
That is irrelevant. They are an illegal lender even if they issu
That is irrelevant. They are an illegal lender even if they issue you a 1 dollar loan due in 2030.
You have to be licensed to lend. Many states put a cap at the i
You have to be licensed to lend. Many states put a cap at the interest rate you are legally allowed to assess without a license. For example, Illinois caps loans at 9% before you are required to a have license and charter in the state. Western Sky will probably say they are a consumer installment loan or something to that affect, which again is generally capped at a reasonable percentage to avoid usury issues. If you get caught up in Western Sky it isn't the end of the world but you have to be very careful how you deal with them and be vigilant with your credit report.