WI would recognize all online loan as legal

Submitted by Anonymous (not verified) on Tue, 01/14/2014 - 11:09
Forums

After reading through numerous posts, I'm still a bit confused on Wisconsin's PDL laws. I reviewed the laws for various states, and WI sounds like any and all online loans are legal as long as the company didn't solicit the person. In other words, since I went online and looked for loans, WI would recognize them all as legal? If anyone knows if I'm reading that correctly or not, could you please let me know? I'm in way over my head and desperately need a way out. I don't know which route to take until I know the laws.

Anonymous. (not verified)

Payday loan lending is legal in Wisconsin. But without the name of the pdl companies, it’s very difficult to say whether or not they are licensed in your state. You may contact with Wisconsin Department of Financial Institutions to make sure about the legality of the pdl companies.

Wed, 01/15/2014 - 06:12 Permalink