You might be under the impression that the company’s still in business if you’ve recently looked for a loan from online lender Western Sky Financial.
Western Sky supposedly shut its doorways in 2013, right after state regulators cracked straight down on its sky-high rates of interest for unsecured loans. The organization did call itself a n’t payday loan provider, nonetheless it offered consumers loans at yearly prices of more than 300per cent. Because of this, it encountered appropriate battles in at minimum five states and ended up being totally prohibited in dozens more. Continue reading