On the web payday lenders asking 700% APRs, using ‘abusive’ techniques

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Pay day loans of any sort have actually never ever had a reputation that is good but a unique report discovers that loans acquired online are a whole lot worse than their storefront counterparts.

Loan providers on the Web usually charge a lot higher costs, place consumers deeper with debt and therefore are almost certainly going to utilize threatening and harassing strategies, based on a study from Pew Charitable Trusts. (more…)