My question involves collection proceedings in the State of: Connecticut
I don't know if this is right forum for this thread but I didn't see anything else where it would be appropriate.
From what I can understand, tribal lenders with enormous interest rates are prohibited in Connecticut. I did have such a loan with a company and I was paying on it and suddenly my loan was paid off by said company. When I called to find out what was going on, they told me they are not licensed in the State of Connecticut and it was paid in full.
I know there is another company, maybe more the do lend to Connecticut Residents so how can they do it?
Are these loans legal in Connecticut or not.
Thank you.
I don't know if this is right forum for this thread but I didn't see anything else where it would be appropriate.
From what I can understand, tribal lenders with enormous interest rates are prohibited in Connecticut. I did have such a loan with a company and I was paying on it and suddenly my loan was paid off by said company. When I called to find out what was going on, they told me they are not licensed in the State of Connecticut and it was paid in full.
I know there is another company, maybe more the do lend to Connecticut Residents so how can they do it?
Are these loans legal in Connecticut or not.
Thank you.
Loan Agreements: Connecticut and Tribal Lenders
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