Considering that the housing crisis of 2008, the word “predatory lending” is becoming really familiar to US customers. A predatory loan provider is a person who exploits consumers’ monetary difficulties to trap them into loans that benefit the financial institution a great deal more compared to the debtor. The telltale signs and symptoms of the predatory loan are simple certification criteria and interest that is ultra-high Read More »
Exactly Just Just How Millennials Are Becoming Totally Hooked On Pay Day Loans and Pawnshops
In accordance with a study that is joint Pricewaterhouse Coopers, or PwC, and George Washington University, 28 % of college-educated millennials (many years 23–35) used payday advances and pawn shops to safe short-term financing during the last 5 years. These millennials defy the stereotype of the alternate credit… Read More » as reported in a January 7 article from Reuters
Financial Obligation Collector Scams Targeting Cash Advance Borrowers
There’s a reason that is new be stressed about telephone calls from loan companies: an increasing number of debtors are increasingly being scammed into paying down debts they don’t owe by phantom commercial collection agency agencies. (more…)