You probably know Payday Loans are an expensive way to get money – charging annual percentage rates of as much as 500-700% – but during the Covid-19 pandemic people are running out of choices
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Personal Loans Scam Reports
The following Scam Reports are filed in the Personal Loan category.
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Albert needed some extra cash for an emergency and thought a car title loan sounded like a good idea. Is a car title loan the best solution?
The Dangers of Payday Lending – John’s truck breaks down and he doesn’t have any money to fix it. Is payday lending the answer?
FTC challenges Lending Club’s “No Hidden Fees” claims, despite Lending Club taking a hefty portion of the Loan Amount up front as an origination fee.
Claims advertising overstated the results consumers had received, sometimes even doubling the actual savings
In what is the largest amount ever sent in a refund program run by the FTC there is $505 million coming back for payday loan customers of AMG
