The “wild western” of shady online payday loan providers

The “wild western” of shady online payday loan providers

For strapped customers, looking at an on-line payday loan provider might appear such as a move that is smart. Nevertheless the industry is beset with abusive methods, with sky-high interest levels simply the tip associated with iceberg that is problematic in accordance with a unique report through the Pew Charitable Trusts.

The study found that more than half of the consumers turning to online payday lenders earned more than $30,000, and one-third have income of more than $50,000 while some might think that the issue is limited to low-income americans. Continue reading The “wild western” of shady online payday loan providers