Cash Call Loans in PA
I live in PA and currently have a loan with Cash Call which was underwritten and funded by the First Bank of Delaware. The interest rate on my loan is 98.88%. Does anyone know if the First Bank of Delaware is bound by the PA small loan rate cap of $9.50 per $100 discount or 24% per year since the have a physical presence in PA. The contact address listed for them on Cash Calls website is on 16th street in Philsdelphia.
I e-mail the PA department of Banking and ask this question, but wanted to see the thought of the forum. I willingly took out the loan and fully intend to pay it back I just want to make sure I pay a fair and legal interest rate.
Thank you for your thoughts.