MILITARY LAW & PDL's not licensed in your state

Above all, the most important law applicable to anyone in the loan business is that the company must be licensed in the borrower's state before lending the principal amount.

A recent survey was conducted in which it was found that the military personals are the easiest targets for the payday loan companies and making easy money. Many people in the military have lower salaries and little experiences in managing their money. Due to shifting of places, the errors are also quite frequent with the payrolls. Young families are often found the worst to suffer on a fraction of a normal paycheck when they are waiting for the errors to be cleared up.