Fri, 08/02/2013 21:46
I am from Pennsylvania. I know payday loans in PA are illegal. I just want to verify that the following 2 payday loans are illegal in PA.
I have a couple payday loans from 123CashMart and 123Money Help. In their Disclosures they put the following
12.) 123MoneyHelp is a Delaware based Licensed Lender. If you apply, we will receive and process your application here, the same as if you submitted it to us in person at our office. We only make loans in Delaware. If we approve your application, the funds will be deposited from our account here in Delaware. Our loans are governed by Delaware State law. We are not licensed, registered, or authorized to do business in any other state. Delaware law governing consumer loan agreements may be different from the laws of the state where you reside. If you do not want to enter into a loan agreement subject to Delaware law, you should apply for this loan at a lender located in the state where you live.