On line payday lenders in many cases are ‘fraudulent and abusive,’ study finds

On line payday lenders in many cases are ‘fraudulent and abusive,’ study finds

Going online to try to get a pay day loan is convenient and private – however it’s also dangerous, in accordance with a study released Thursday by the Pew Charitable Trusts.

This first-ever survey that is national of loan borrowers discovered that a wide range of fraudulent, abusive and also unlawful methods had been frequently connected with these Internet loan providers. Read more