Wisconsin laws

http://www.wdfi.org/fi/lfs/faq.htm#otherstatutes

Here's a link to a FAQ on the WI banking dept's website. Has links to the law (138.09).

To check on license status,

http::/www.wdfi.org/apps/cris/

search corporate records database.

WI does not have an interest rate cap on closed end loans, which is what a pdl would fall under. If the company isn't licensed, and is required by WI law to be licensed, then to the state of WI the contract is void. I would contact the WI Dept of Financial Institutions for more info.

Hi Olive

The licensing authorities in your state have a record of all the businesses licensed in your state. If some payday loan company is doing business without a license, it results violation of the state law. You can report their conduct to the attorney general office in your area and put them under investigation.

Which payday loan company are your dealing with?

i'm dealing w/ a few. sonic, quikpayday, cash today, cashnet usa, jdmarketing. what do you look under to see if they are licensed in wi?

Cashnet will tell you that they don't have to be licensed in your state in order to operate.