Protecting the Rights of Consumers For Over 25 Years

Loans made to an Illinois resident for nonbusiness purposes at more than 9% interest by anyone who is not a licensed consumer lender, credit union or a bank are not enforceable. There is also a cap of 36% applicable to anyone other than a bank or credit union.  Most internet lenders, including especially tribal lenders, are not licensed.

In Indiana, the permitted rate is higher but still below what Internet lenders typically charge.

Attempts to collect such loans may violate the Fair Debt Collection Practices Act and other laws. If anyone has made such a loan to you or attempts to collect such a loan from you, please contact us.