In the event that you’ve recently appeared for the loan from online lender Western Sky Financial, you could be beneath the impression that the company’s still in operation.
Western Sky supposedly shut its doorways in 2013, immediately after state regulators cracked straight straight down on its sky-high rates of interest for signature loans. The business did call itself a n’t payday loan provider, nonetheless it offered consumers loans at yearly rates in excess of 300per cent. Because of this, it encountered appropriate battles in at minimum five states and was totally prohibited in dozens more. In the summertime of 2015, Western Sky was at the news headlines once more as it ended up being forced to refund customers vast amounts through appropriate settlements.
But its site is practical and seems to be soliciting borrowers today, 2 yrs following the business shut up shop. There’s an “Apply” switch, and in the event that you call a telephone number noted on your website, it links you to definitely certainly one of a number of third-party loan providers providing signature loans.
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