universal lenders

Is this the company?
253 N 1ST ST
STURGEON BAY, WI 54235

They are registered in WI, and WI doesn't have a rate cap on payday loans. I would call the Dept of Financial Institutions to find out what the difference is between being licensed, and being registered. Make sure they are allowed to make loans.

http://www.wdfi.org

Wisconsin law just states that they can charge anything if both parties agree in writing. Precomputed loan law, 138.09 as seen here:



http://docs.legis.wisconsin.gov/statutes/statutes/138

yes that's them. thanks for the info. do you have a number for the financial intuitions? i believe there also licensed. because i found whereyou can look up that and it said yes and said there license #. what if a payday loan isn't licensed in your state? thank you again

The phone number is

Licensed Financial Services Bureau, 4th Floor
Jean Plale
PO Box 7876
Madison, WI 53707-7876
(608) 261-7578

or for general information:

Department of Financial Institutions
345 W Washington Avenue
Madison, WI 53703

Office Hours: 7:45 am - 4:30 pm
Telephone: (608) 261-9555
TTY: (608) 266-8818 For hearing-impaired callers.
Fax: (608) 261-7200

1) Universal Lenders is not a payday store; it holds a consumer installment loan license from the state of WI and is regulated as such;

2) Simple interest contracts earn daily interest on your principle balance. Hence, if you are in the habit of making late or partial payments, your account will accumulate more interest.

3) In your case, you never made your first payment, or second, or third...

4) When you tell a creditor not to contact you, it makes them mad, and that's when they sue you.