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Are all payday loans owned by tribal lenders?

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I'm curious as to whether all payday loans are operated by tribal lenders or if some of them actually operate within the confines of the standard USA laws?




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Sub: #1 posted on Tue, 05/08/2018 - 06:08

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There are two types of lenders. Some operate within the confines of the standard USA laws. They are legal. Tribal lenders don't abide by the USA laws. Hence they are illegal.

It's best to not borrow payday loans from the tribal lenders. Storefront payday loans and loans originated from CSOs are still better.

A tip to know which lender is illegal

Look at the about us or contact us page of the payday loan website. If they belong to Chipewa tribe or other tribal organizations, you'll get that information from there only.

Sub: #2 posted on Tue, 05/08/2018 - 09:47

ditchdebt ditchdebt

(Posts: 648 | Credits: 251.77)

I totally agree with ditchdebt. We should try to avoid these illegal payday loan lenders as much as possible. There are some alternatives to payday loans that we can check - https://www.debtconsolidationcare.com/blog/question-of-th e-week/alternat...
But if you still somehow borrowed money from illegal payday lenders, you can handle the situation cautiously, here's how - https://forums.debtcc.com/paydayloan/dealingwith-illegallenders.html

Sub: #3 posted on Mon, 05/14/2018 - 12:05

tiarajoseph11 tiarajoseph11

(Posts: 274 | Credits: 39.57)

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