Payday loan providers made about $49 billion in high-interest loans year that is last. Significantly more than a 3rd of these loans were made on the web. We wondered what goes on once you submit an application for such financing, and so I chose to discover.
For the duration of reporting a tale earlier in the day this 12 months, We logged on to a niche site called eTaxLoan and filled out a credit card applicatoin.
We asked for $500 and, become safe, We made an address, a name (Mary) and a Social Security quantity. Continue reading