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A previous used-car dealership holder, who runs a series of online lenders from one end payday loan in Victoria the other a ante up corporation in Grenada, outlined the benefits of operating remotely in a 2005 deposition.
Other lenders are based in Belize, Malta, the Isle of Guy and the West Indies, according to federal court records. At an assiduity colloquy year, payday lenders discussed the benefits of heading offshore. Jer Ayler, president of the payday lend physician Trihouse Inc. State prosecutors eat been battling to hold back online lenders from illegally making loans to residents where the loans are restricted.