Western Sky Loans ended up being a predatory mortgage lender that caused plenty of headaches for a number of people.

Western Sky Financial ended up being a lending company that charged fees that are exorbitant rates of interest on loans, and ceased operations in 2013. Even though the business is not any longer making loans, the storyline of Western Sky’s loan procedure is the one that shows exactly how dangerous high-interest financing, like “payday loans,” can be. Continue reading →

Should that loan default, it is usually provided for a business collection agencies agency. Defaulting for an installment loan also can affect your credit rating while making it hard in your capability to get credit that is future. This will probably range from the loan provider (or financial obligation collector) using one to court, that could add wage garnishment regarding the debtor should they win. Continue reading →