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Without a doubt about Consumers Warned About Pitfalls of payday loans online

Without a doubt about Consumers Warned About Pitfalls of payday loans online

Online payday lending has get to be the crazy West of customer finance, replete with fraudulence, threats and unauthorized account withdrawals.

That is the image painted by a written report released on by the Pew Charitable Trusts thursday. The report employs present actions by federal regulators against fraudulent lenders that are online.

Pay day loans are usually little, short-term, high-interest loans built in advance of the paycheck. Continue reading