Question about Delaware

Good question, not sure, but you have come to the right place and someone with advise on this will be along soon. Untill then, welcome to the site and please click on the "free consultation" button that is just to the right of this post.

all the best,
Luke

I am not sure but I have a sinking feeling that they follow the rules of their state. Could be wrong, wouldn't be the first time. Someone with more experience will be along.

ladybug

I have an email into the DE DFI to see what they say about it.

Thanks Goudah.

Keep us posted goudah, I am not sure I want to hear the answer to that question but we need to know.

ladybug

So if they are doing more then 5 loans a year they would have to be licenesed by DE.

Is that 5 loans to a single person or 5 loans to multiple people?

5 loans period. If they make 5 loans to DE residents within a year, they must be licensed.

How do we find that out? Or can we assume that Payday Select gived De more than 5 loans?

I would say it's a pretty safe bet that they did . . . . You could file a complaint and the DFI would investigate. The could get the records to confirm.

But Payday Select is licensed in DE.

As is Payday OK and Payday One, their other "companies".

Okay thanks for the clarification. This person ad several different PDLs and paydayselect was the one I could remember off the top of my head. I remembered they wre licensed somewhere but could not remember where. Goudah to the resaue again!