Barrelsoffun
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Need to know if the following online lenders are illegal in Ohio

National - Payday loan 18886788567
West river cash 18888907700
Best choice 123 18005288066




all three are illegal in every state so go to helpinaz's primer on dealing with illegal lenders.


Sub: #1 posted on Sat, 07/20/2013 - 00:16

paulmergel paulmergel
Moderators Cum Industry Expert
(Posts: 15506 | Credits: 1356.56)

I apologize but I am new here - what is helpinaz primer??


Thank you Paul


Sub: #2 posted on Sat, 07/20/2013 - 02:27

Unregistered


He is talking about the link below in my signature - how to deal with unlicensed - illegal lenders - follow all steps in order.. very important - if you have any questions just ask..


Sub: #3 posted on Sat, 07/20/2013 - 04:44

HelpinAZ HelpinAZ
Moderators
(Posts: 1873 | Credits: 288.1)

What makes these lenders illegal in Ohio ?? Not licensed ? High interest rates ?

Please let me know , thanks


Sub: #4 posted on Sun, 07/21/2013 - 19:58

Unregistered


Illegal because they are tribal and/or offshore


Sub: #5 posted on Sun, 07/21/2013 - 22:36

bingonut bingonut

(Posts: 1433 | Credits: 168.82)

Not to mention interest rates higher than allowed in Ohio -

Loan Specifications

Maximun Amount of Loan - $500

Term of Loan - 31 days

Maximum Rate of Finance and Fees- 28% per annum

Finance Charge on $100 loan for a 14 day period - $1.08

APR for $100 loan for a 14 day period - 28%


And the fact that even online lenders must be licensed to lend in Ohio -this is one of the biggies...


Sub: #6 posted on Mon, 07/22/2013 - 02:36

HelpinAZ HelpinAZ
Moderators
(Posts: 1873 | Credits: 288.1)

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