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Yes.

ANYBODY that lends you money can sue you for not paying your debts. The licenses simply means that the company must follow the guidelines of the the fair lending practices of the US (or any other country which has such laws).

Anyone can lend money to anyone they wish (with certain exceptions such as age, mental ability, and usury law restrictions). It may be easier to fight the lawsuit since the lender is working as a company and not as a private citizen lender. The problem is, if you signed a promissory note (contract) saying you will pay the money back, you have entered into a legally binding contract for which you can be sued if you fail to fulfill your portion of said contract.

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Q: Can an unlicensed lending company sue you for not paying your debt?
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