Unlicensed pdl in wa state
Date: Sun, 09/23/2012 - 13:05
I took out a pdl from my cash now (unlicensed in Wa State). The loan
I took out was $1,000. I have paid back 1505.40. In Wa state the limit is 700 for any one loan and they are not licensed in Wa State. There is also a cease and desist order from the Wa state dept of financial institutions. I have sent them an email like one of your examples and have closed my bank account. My question is can they come after me for not paying any more interest. I did ask them for a refund. I really appreciate it if some one can help me with the answer. I did explain everything to my bank.
Thank you.
I took out was $1,000. I have paid back 1505.40. In Wa state the limit is 700 for any one loan and they are not licensed in Wa State. There is also a cease and desist order from the Wa state dept of financial institutions. I have sent them an email like one of your examples and have closed my bank account. My question is can they come after me for not paying any more interest. I did ask them for a refund. I really appreciate it if some one can help me with the answer. I did explain everything to my bank.
Thank you.
If they have no license and are illegal then they cannot do anyt
If they have no license and are illegal then they cannot do anything. Chances are they are going to write back telling you that you are paid in full and wish you a good day. That'll be it. Refund is unlikely but you can pursue it.
Technically, anybody can attempt to sue anybody. They can take y
Technically, anybody can attempt to sue anybody. They can take you to court but you can have the suit dismissed on the grounds that they are illegal and in return sue them for damages.
So basically, this is what stops illegal lenders from attempting to sue people.
