Confusion over Ohio laws
Date: Tue, 06/22/2010 - 19:49
Can someone please tell me if internet loans are legal in Ohio? I've read the law but I can't figure it out. I would assume that since only low cost loans are legal in Ohio, most internet lenders would be illegal.
Thanks
Thanks
Internet payday loans are illegal in Ohio. So it's important tha
Internet payday loans are illegal in Ohio. So it's important that you distinguish between payday loans or installment loans. If you list the lenders here, we can tell you whether they are legal or not.
Thanks for your quick response. I've got loans out with VIP Loan
Thanks for your quick response. I've got loans out with VIP Loanshoppe and Integrity Advance. It sounds like I'm going to have to close my bank account so that I can get this straightened out.
Quote:Originally Posted by acbowlinThanks for your quick respons
Quote:
Originally Posted by acbowlin Thanks for your quick response. I've got loans out with VIP Loanshoppe and Integrity Advance. It sounds like I'm going to have to close my bank account so that I can get this straightened out. |
Oh yes, definitely close your account, the two payday lenders you mentioned are loan sharks, and will drain you dry, not to mention distribute your personal account information to other illegal lenders. CLICK HERE to find out how to deal with illegal lenders.