Scam Report

Personal Loan Scams

Don’t Fall Victim to Personal Loan Scams

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Personal Loans Scam Reports

The following Scam Reports are filed in the Personal Loan category.

Pay Day Loan Danger Up in Lockdown

Pay Day Loan Danger Up in Lockdown

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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Car Title Loans: More Than Money

Car Title Loans: More Than Money

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?

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The Payday Lending Trap

The Payday Lending Trap

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?

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FTC Unhappy With “No Hidden Fee” Claim

FTC Unhappy With "No Hidden Fee" Claim

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.

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SoFi Loan Refinancing Claims Challenged by FTC

SoFi Loan Refinancing Claims Challenged by FTC

Claims advertising overstated the results consumers had received, sometimes even doubling the actual savings

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Payday Loan Customers get $505M Back

Payday Loan Customers get $505M Back

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

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