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FTC Targets On The Web ‘Quick Money’ Loan Providers Amid Pandemic

FTC Targets On The Web ‘Quick Money’ Loan Providers Amid Pandemic

If you have lost your work, a ‘payday loan’ may appear like an answer to cover the bills. Customer advocates warn you could be left by it in even even even worse form.

For therefore many bay area Bay region families, making ends fulfill is much tougher than in the past. The bills are turning up, with small or no cash coming in.

A short-term loan might look like a solution, but customer advocates have a term of caution about “quick cash” offerings.

The buyer Financial Protection Bureau has logged a lot more than 31,000 complaints about consumer loans since 2011. A lot of those complaints include “payday loans,” which are easier than in the past to have online.

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