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Infolawyer
Infolawyer, Lawyer
Category: Consumer Protection Law
Satisfied Customers: 55346
Experience:  Licensed attorney helping individuals and businesses.
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On may2014, I made a penson loan with predatory lender.

Customer Question

On may2014, I made a penson loan with predatory lender. After making th loan I found out they were not license to do business in the state of washington, California and Nevada. If fact thet were isuued a cease and decease order by the State of Claifornia and the State of Washingron how can I get the agreement I signed recinded.cease and decease order
Submitted: 9 months ago.
Category: Consumer Protection Law
Expert:  Infolawyer replied 9 months ago.

have you received the funds from them?

Customer: replied 9 months ago.
Expert:  Infolawyer replied 9 months ago.

You want to return the funds accompanied with a letter rescinding the loan.

Expert:  Infolawyer replied 9 months ago.

If you want to take a more agressive position you could claim the loan is void due to lack of license and other reasons, and retain funds, but that may invite a lawsuit.

Expert:  Infolawyer replied 9 months ago.

Kindly rate me positively, have a wonderful weekend.