Native american lenders vs state licensed?

B

BBT78

Member
When it comes to payday loans, what's the difference between a native american loan and a loan given by a state licensed lender?

I know tribal lenders are allowed to either follow or avoid certain legal aspects that a state licensed lender cannot. Bu why? And which legal aspects can they avoid?
 
Well it's different between states but state regulated has severely limited lending in my view. Lots of hassle with papers and stuff, and low amounts. The native lenders are the opposite, not regulated at all but it's easy to step on some mines there. Some lenders are really good, others borderline scam.
 
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