Western Sky Loans had been a predatory mortgage lender that caused plenty of headaches for many individuals.
Western Sky Financial ended up being a mortgage lender that charged fees that are exorbitant interest levels on loans, and ceased operations. Even though business is not any longer making loans, the storyline of Western Sky’s loan operation is the one that shows how dangerous high-interest financing, like “payday loans,” can be.
Western Sky’s “loan services and products” Unlike many high-interest loan providers, such as for instance payday and title loan providers ( more on them later on), Western Sky had been based within the edges associated with the Cheyenne River Indian Reservation and had not been susceptible to U.S. legislation regulating loans that are high-interest. Devamını oku