Category Archives: Installment Title Loans

Pay day loan Group Slapped With Record $1.3B Fine for 700 Lending that is percent Rates

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A federal judge in Nevada stated expert racecar motorist Scott Tucker and many of their organizations owe $1.27 billion into the Federal Trade Commission after methodically deceiving payday financing clients in regards to the cost of their loans.

There Are New Rules to Limit Payday Lending Debt Traps

In a single instance, lending documents suggested that an individual whom borrowed $500 would have only a finance fee of $150, for a complete re payment of $650 — nevertheless the finance that is actual ended up being $1,425. Continue reading