OLYMPIA – The Washington State Department of banking institutions (DFI) urges customers seeking short-term and/or little loans from organizations seen on television or online to be vigilant, see the print that is small make certain any organization they use is certified to accomplish company within the state of Washington.
Customers probably know that lenders connected with these kinds of companies may or is almost certainly not certified in Washington State or adhering to our state’s laws and regulations.
This is why, the defenses inside our state’s regulations – including limits on fees that could be charged and rules concerning unlicensed loan providers maybe maybe not to be able to utilize our courts – may possibly not be open to customers making use of these solutions as long as they have a problem with the financial institution down the road.
“Most Internet-based pay day loan loan providers are, in reality, perhaps not certified doing company in Washington,” DFI Director of customer Services Deborah Bortner describes. Continue reading “Customers Should Really Be Cautious About Companies Using Celebrity Endorsors Advertising Usage Of Short Term Installment Loans”