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Need info on Wisconsin laws for payday loans

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anyone know for sure about wi laws? i'm not to good on the net and need to find out if its legal for payday lenders to lend here in wi. if there not even licensedin wi.? thank you




Mary
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Sub: #1 Hi olive :) Please check your private message inbox in a few
Wed, 05/10/2006 - 21:48

Hi olive :)

Please check your private message inbox in a few minutes as I will be sending you some links regarding Wisconsin payday lender laws. :)

~Mary




john
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Sub: #2 I am sure Mary might have helped you in the best possible way. I
Thu, 05/11/2006 - 14:32

I am sure Mary might have helped you in the best possible way. I will like to post the link to this WI legislature website which will give you very useful info.

http://www.leg is.state.wi.us/lrb/pubs/wb/00wb7.pdf

Read the permissible interest rates and the maximum amount of loan lent in your state. The lenders should not charge more than the permissible amount. Apart they have to be licensed first.




Mary
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Sub: #3 Thank you John!! I appreciate you posting that link as I did no
Thu, 05/11/2006 - 14:34

Thank you John!! I appreciate you posting that link as I did not see it before. :)

~Mary




john
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Sub: #4 :)
Thu, 05/11/2006 - 15:40

:)




olive1276
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Sub: #5 need info on wisconsin laws for payday loans
Thu, 05/11/2006 - 20:37

so if a company is not licensed in my state wi. is that illegal right there? and do i have to pay these back?




john
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Sub: #6 The company must be licensed in a state before issuing any loan.
Fri, 05/12/2006 - 14:34

The company must be licensed in a state before issuing any loan. A consumer must be aware of this fact before entering into any agreement. Now, that you have already taken the loan from them, there is a need to pay them back. But it has to be within the permissible interest caps. They can't charge you above the rates fixed in your state. If they do so, you can file a case against them. The company will come under serious problems for not being licensed in your state and over charging you.




Unregistered

Sub: #7 Legal Options on default Payday Loans
Thu, 03/05/2009 - 20:24

What are the legal recoures on payday loans in the state of Wisconsin? Can they sue or have you arrested?




phoenix

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Sub: #8 Please check the US payday loan laws of Wisconsin.
Thu, 03/05/2009 - 22:16

Please check the US payday loan laws of Wisconsin.




kfstaff24

Posts: 1450
Credits: 8892.45

Sub: #9 Please remember debt is a civil matter not criminal. There are
Fri, 03/06/2009 - 19:37

Please remember debt is a civil matter not criminal. There are no debtors prisons, we would all be there.




nohiogal

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Sub: #10 Karile, What is the name of the PDL? Some internet PDLs are ill
Sat, 03/07/2009 - 03:06

Karile, What is the name of the PDL? Some internet PDLs are illegal and even if you defaulted can not sue you.




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