Legal Question in Credit and Debt Law in Florida

I borrowed money from Western Sky financial, they have since transferred my loan to Delbert Services.... my interest rate per annum is 139.12%. The repayment would total $14,132.12 for a $2,600.00 loan. I've been reading all of the articles concerning Western Sky, Cashcall and all the other names they use. At this date I've repaid my principal on the loan. What are my options? Do I continue to pay the rest of the loan? I see that they are not a legal lender? If it matters I live in Florida.


Asked on 2/16/14, 2:19 pm

2 Answers from Attorneys
David Slater David P. Slater, Esq.

Sounds usurious to me.

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Answered on 2/16/14, 5:00 pm
Steven Meyer CPLS, P.A.

The interest rate may be permissible because the lender is an Indian tribe or affiliated with a tribe. Indian tribes are exempt from many state laws. You may want to consider filing bankruptcy, depending upon your income, assets and other debts. We handle a lot of bankruptcy cases and would be happy to speak with you about the situation. We offer a free initial consultation.

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Answered on 2/16/14, 8:39 pm


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