Security Finance

Welcome! Security Finance? Sounds like an installment loan at 84%. Hold on and I'll check....

do you have a loan through them?

I found a Security Finance online & it looks like a PDL. There is an article somewhere on the boards & some PDL's had something like an apr of 94%-so 84% is possible.

I'd stay away from PDL's. They seem to be nothing but trouble.

I didn't realize loans could charge that high a rate! They seem just as bad a PDLs!

my wife does have on through them

Lawn-They are NOT a pdl....and even 84% is awfully LOW for a pdl.

Is it a PDL loan she has or an installment, like Volley mentioned?

It is a consumer loan company....licensed only in specific states and credit based.

How did you find that out Volley? Just being curious!

The internet....and the BBB.

I figured the internet silly! ;)

Oh1 BBB! Of course!!

It is a consumer lending company. And they are allowed to lend in Texas.

lawn, I don't know what site you went to; however, their site specifically states consumer loans and also shows where they are allowed to lend to.

So, actually, this is an installment loan. This is not a pdl.

Their website states they are a consumer loan company...front page.


Kajunk-Are they charging 84% apr or interest?

volley, apr it does not state anything as to what the intrest is.

Does it tell you who the loan is backed by?...Probably the First Bank of Delaware.

They sure dont give much info on their loan terms on the website....

I just wrote the Office of Consumer Credit Commisner and I will see what they say

Volley, all they give you is a brochure and it list bout 40 companys that they dba. And no of them say bank