If you want a brief term loan, maybe you are tempted by adverts touting payday loans online.

If you want a brief term loan, maybe you are tempted by adverts touting payday loans online.

Share these pages

But before you select a web link, the Federal Trade Commission (FTC), the country’s customer security agency, has a caveats that are few share.

Loan providers Never Constantly Enjoy because of the guidelines

The FTC recently sued several online payday lenders for violating federal laws and regulations. The lenders allegedly lied about how exactly much their loans would cost, needed borrowers to permit lenders to just just take funds from their bank reports immediately, and threatened to sue the borrowers or ask them to arrested for non-payment. Continue reading “If you want a brief term loan, maybe you are tempted by adverts touting payday loans online.”