Predatory Lending In Lane County
Payday advances are short-term, high rate of interest loans marketed to cash-strapped customers. Customers of these loans borrow on their next paycheck, typically for a phrase of week or two, at a collection cost. In the event that consumer is not able to repay the complete loan in the deadline, the payday loan provider encourages the customer to spend more costs to “rollover” the loan to increase it for the next short-term, leading numerous customers as a period of financial obligation. Continue reading “Let me make it clear about Report: Consumer Protection”