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Is QLOOT/DMA a legal loan in Tennessee

Date: Sat, 12/15/2012 - 07:37
Submitted by DixieFlower on Sat, 12/15/2012 - 07:37
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1. I Live in Tennessee
2. PDL name:Qloot/VIP/DMA
3. Amount of loan: 500.00
4. Amount paid so far: 151.00

This is a new loan and I've made one payment so far. I was talking to a friend of mine and she said that internet PDL's are illegal in my state. I'm thinking though that QLOOT is a legal loan since it's an installment loan. Can anyone shed some light on this for me? Thanks



Payday loan lending is legal in Tennessee. However, I don't think that QLOOT is legal in your state.


Submitted by on Sun, 12/16/2012 - 22:39

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Test

Doesn't matter if they say its installment if online lending requires lender to be licensed


Submitted by waffles on Sun, 12/16/2012 - 23:29

waffles

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Illegal lender. You owe exactly $349, nothing more or less. Revoke ACH is writing immediately and send a copy of the same to your bank positively. After that, you pay the remainder via prepaid debit card or money order only.


Submitted by on Sun, 12/16/2012 - 22:53

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