Report shows borrowers experience high costs, threats, unauthorized withdrawals, lost bank reports
Report shows borrowers encounter high costs, threats, unauthorized withdrawals, lost bank reports
QUICK SUMMARY
This report, the 4th in Pew’s Payday Lending in America series, examines Internet based payday advances and discovers that lender techniques frequently have severe harmful impacts on customers. Online pay day loans are far more costly compared to those provided through stores and they are made to market renewals and long haul indebtedness, and so they usually end up in unauthorized withdrawals, disclosure of information that is personal, threats […]