Prohibited on the web loan providers plague pay day loan industry

Prohibited on the web loan providers plague pay day loan industry

Payday loan providers are around for decades, providing quick-but-pricey loans to borrowers that are distressed.

From hundreds of walk-in storefront offices, they loan down little amounts to be reimbursed through the borrower’s next paycheck.

Today, they’re getting elbowed aside with a growing cadre of online rivals who aren’t certified and whom increasingly are accused of ripping off consumers. Continue reading »