Think Finance
Date: Wed, 07/14/2010 - 16:28
I live in Cali. I currently have a loan with Elastic.com. They are apart of a company called Think Finance. I cant find any liscense info for them. Any help would be appreciated. Thanks in advance.
They are NOT a payday lender, that's why you can't find a licens
They are NOT a payday lender, that's why you can't find a license for them, they aren't required to have a payday lender license. They're a bank (Urban Trust Bank) and they extend installment type loans, so yes, they are legal. sorry.
They dont have to have a license even tho its just like a payday
They dont have to have a license even tho its just like a payday loan? Its not an installment loan. They offer me exstention payments and everything. Its not like thinkcash where I pay a set amount for a set amount of time. Its a payday loan even tho they are calling it a line of credit.
Quote:Originally Posted by AnonymousThey dont have to have a lic
Quote:
Originally Posted by Anonymous They dont have to have a license even tho its just like a payday loan? Its not an installment loan. They offer me exstention payments and everything. Its not like thinkcash where I pay a set amount for a set amount of time. Its a payday loan even tho they are calling it a line of credit. |
They are a bank, and banks fall under different guidelines then payday loan companies, sorry.