I understand NOTHING about Australia
We took away two loans that are internet. One through Western Sky therefore the other through Silver Cloud Financial. We defaulted in the loan to Western Sky, shut the financial institution account related to that loan. IвЂ™ve also submitted a grievance through CFPB. My understanding is the fact that CPFB is suing Western Sky and it is other entities (WS Funding, Delbert Services, Cash Phone) regarding these loans. Closing the lender account connected with that left me overdrawn approximately $1200. IвЂ™ve been told they may not be considered a вЂњPayDayвЂќ loan but an installment loan. IвЂ™m waiting to understand results of the CFPB suite, which IвЂ™m certain may carry on for months. I could no further manage to spend one other loan through Silver Cloud Financial. My concerns is вЂ¦how do I’m sure should this be considered a вЂњPayDayвЂќ loan vs. an installment loan? I am aware from previous post why these internet вЂњPayDayвЂќ loans are unlawful in VA but if they’re considered installment loans will they be nevertheless unlawful?