I'm curious as to whether all payday loans are operated by tribal lenders or if some of them actually operate within the confines of the standard USA laws?
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replies from community members
Sub: #1 posted on Mon, 05/07/2018 - 17:38
Unregistered
There are two types of
lenders. Some operate within the confines of the standard USA laws. They
are legal. Tribal lenders don't abide by the USA laws. Hence they are
illegal.
It's best to not borrow payday loans from the tribal lenders. Storefront
payday loans and loans originated from CSOs are still better.
A tip to know which lender is illegal
Look at the about us or contact us page of the payday loan website. If
they belong to Chipewa tribe or other tribal organizations, you'll get
that information from there only.
Actually, some of them are,
some of them aren't. If u had an experience, can u tell whom of them
worth trying as I need a $400 dollars loan?
Sub: #4 posted on Tue, 05/22/2018 - 23:41
Unregistered
The fact is, none of the
payday lenders are worth trying. Payday loans have extremely high
interest-rates, and it's extremely difficult to pay off them. If you
really need $400, you can borrow it from a credit union. Alliant is a
good option.
if it is urgent, then you can
borrow the loan from a credit union. But, you should always try to save
the money first instead of borrowing a big amount with a pretty
high-interest rate. Just revisit your budget and cut down extra expenses
to save more. Wait for some time to save the entire money to meet the
purpose. It will not let you incur those costly payday loans.
Sub: #1 posted on Mon, 05/07/2018 - 17:38
It's best to not borrow payday loans from the tribal lenders. Storefront payday loans and loans originated from CSOs are still better.
A tip to know which lender is illegal
Look at the about us or contact us page of the payday loan website. If they belong to Chipewa tribe or other tribal organizations, you'll get that information from there only.
Sub: #2 posted on Mon, 05/07/2018 - 21:17
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But if you still somehow borrowed money from illegal payday lenders, you can handle the situation cautiously, here's how - https://forums.debtcc.com/paydayloan/dealingwith-illegallenders.html
Sub: #3 posted on Sun, 05/13/2018 - 23:35
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Sub: #4 posted on Tue, 05/22/2018 - 23:41
Sub: #5 posted on Thu, 05/24/2018 - 23:10
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Sub: #6 posted on Thu, 05/24/2018 - 23:52
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