Payday advances are marketed as one time ‘quick fix’ customer loans

Payday advances are marketed as one time ‘quick fix’ customer loans Payday loan providers charge 400% annual interest on an average loan, and also have the capability to seize cash right out of borrowers’ bank accounts. Payday loan providers’ business design hinges on making loans borrowers cannot pay off without reborrowing – and having to pay a lot more charges and interest....

December 25th, 2020 by -