How To Tell Where A Payday Lender Is And Whose Laws It Follows-stellarium

UnCategorized Sometimes, when you visit a payday loan website you can’t easily tell if you’re dealing with a U.S. company or an offshore one. Not every payday loan company is as well known as Ace Cash Express which has over 1500 storefront locations and is one of the top brands in online payday lending. For lesser known companies there are a couple of ways for you to check. First, look for links on their website for either "Privacy Policy" or "Terms and Conditions". In many cases, the address of the payday loan company will be somewhere in the text. In a recent article in The Daily Dollar Newsletter, we shared two business models payday lenders are migrating toward: The Tribal Nation model and the Off Shore Model. In this article we walk you through step by step on how to know for sure where a payday lender is based. Below are specific examples that you can see for yourself. Examples Of Discovering Where A Payday Lender Is Located Tribal Nation Example A good example to check out a payday lender operating under the laws of a Native American tribe is Western Sky Financial. On their home page, in large bold letters it says that this company is "…a Native American-owned business operating within the boundaries of the Cheyenne River Sioux Reservation, a sovereign nation located within the United States of America". In their privacy policy you can easily learn that they are located in Timber Lake, South Dakota. Offshore Example St. Croix in the British Virgin Islands, Chile, Anguilla in the British West Indies and Malta are all examples of offshore locations selected by some payday loan companies to set-up their operations. For example, a company named Zip 19 is located in the country of Malta. Although they offer loans to U.S. consumers, they are not licensed in any states. Since they are outside the U.S. it is difficult for state enforcement agencies to pursue any action against them. All they can do is warn consumers about the existence of Zip 19 unregulated products and services so that consumers can become aware that they do not comply with limits on fees and interest rate caps. If you visit the home page for Zip 19 home page and try to contact them by following the prompts on the page, you will notice that they disguise their mailing address by making it a link, but you can’t tell it’s a link since it is not underlined like other hypertext and it is the same color as other text on the page. When you go ahead and do the intuitive thing with your mouse and try to get further information about the words "Mailing Address" you will see that they disclose it as "Level 5, Plaza Commercial Centre, Bisazza Street, Sliema SLM 1640, Malta". Still Can’t Tell Where The Payday Lender Is? If you still aren’t sure, when you receive your loan documents from the company they will definitely list the location of the company. Use your eagle eye to carefully read through the fine print of the documents and you will find the information you’re looking for. About the Author: 相关的主题文章: