payday loans who are lenders

gurubest · Mistrz Dołączył: 05 Mar 2015 Posty: 44172 Przeczytał: 0 tematów

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Here's how the scam allegedly played out: The online payday lenders required borrowers to provide bank account information so they could deposit the borrowed funds electronically and withdraw the repayment amount from the account later. The lenders claimed that the repayment amount would be the amount borrowed plus a one-time finance fee, and that this amount would be withdrawn on a particular date. Instead, the lenders made multiple withdrawals from the borrowers' bank accounts and assessed a new finance fee each time. The result of this scheme? The borrowers paid much more than the stated cost of their loans. [link widoczny dla zalogowanych] You may as well be a trendsetter now and get money the smart, fast and convenient way with First Financial. 3 ways to get a small-business loan