In the course of reporting a story earlier this year, I logged on to a site called eTaxLoan. com and filled out an application. I asked for 500 and, to be safe, I made up an address, a name (Mary) and a Social Security number. The site asked for more sensitive stuff - a bank account number and a routing number - and I made that up, too. In spite of the made-up information, in less than a minute, I got a response. "Congratulations. Tremont Lending cash advance loans in decatur ga been selected as your lender and you have been pre-approved for a loan up to 750.
" If I wanted to borrow 750 for a week, I would have had to pay 225 in interest. The site said that was an annual percentage rate of more than 1,300 percent.
900077, and CC. 700416. Rhode Island licensed check casher. California operations licensed by the California Department of Business Oversight pursuant to the California Deferred Deposit Transaction Law and the California Financing Law. Texas and Ohio originate by a third party lender, restrictions apply. Eastern Specialty Finance, Inc.DBA Check N Go is licensed by the Delaware State Bank Commissioner pursuant to 5 Del.
The Department of Business Oversight encourages consumers to check the licensing status of companies prior to transacting business. California consumers should contact the Department of Business Oversight to check on the licensing of companies, investments or other financial services they are considering by visiting the financial services licensee listing or calling the Department's toll-free Consumer Services Office at 1-866-275-2677.
081313 - INTERNET ALERT -- Tunica-Biloxi Tribe of Louisiana dba Mobiloans, NATIVE AMERICAN TRIBE ONLINE PAYDAY LENDERS The California Department of Business Oversight (DBO) has received complaints against Mobiloans. It appears that this entity is offering payday loan services within the State of California.
The California Department of Business Oversight normally licenses and regulates Payday Lenders doing business in California under the California Deferred Deposit Transaction Law (http:test-www. dbo. govLicenseesPayday_LendersDefault. asp).