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Article from Bankrate.com about abusive lenders that offer advances on paychecks. Details how this approach to lending is predatory.
Date Added: Feb 28, 2010 Hits: Rating: 0.00 Votes: 0
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Lenders that offer advances on paychecks often charge exorbitant interest rates and prey on uneducated borrowers, consumer advocates warn
financing "loan sharking" needed an advance on her weekly paycheck she borrowed $150 from a local loan store in Prestonburg, Ky., and promised to pay it back Six months later, Hampton was still low on cash, but now owed more than $1,000 in fees to the loan store, which threatened to throw her
financing "loan sharking" needed an advance on her weekly paycheck she borrowed $150 from a local loan store in Prestonburg, Ky., and promised to pay it back Six months later, Hampton was still low on cash, but now owed more than $1,000 in fees to the loan store, which threatened to throw her
Date Added: Feb 28, 2010 Hits: Rating: 0.00 Votes: 0
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