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Payday, Advanced-Fee and Guaranteed-Approval Loans

Consumer News

Payday, Advanced-Fee and Guaranteed-Approval Loans

You’ve seen the ads: “No credit?  No Problem!” or “We’ll get you a loan regardless of your credit” or  “You’ve been pre-qualified!”  And our personal favorite: “We don’t care about…

Quicken Loans

Ad Alert

Quicken Loans

Officials fine lender $250K for alleged misleading mailings to service members and veterans.

Simple Fast Loans

Class Action

Simple Fast Loans

Allegations: Offering loans with a 220% APR in California when loans with interest rates that exceed 42% APR are illegal in California

Moneytree

Ad Alert

Moneytree

Payday lender faces $550,000 in fines for allegedly hiding the true cost of its services.

OppLoans

Class Action

OppLoans

Allegations: Monitoring borrowers’ bank account balances and, when it detects a relatively large balance, sending unsolicited emails encouraging borrowers to refinance into new loans at 160% APR, a rate that…

365 Day Loan

Ad Alert

365 Day Loan

As seen in our spam inbox. Something seems off about the claim that 365 Day Loan can hook you up with “$2500 for any purpose.” It seems particularly off when…

Western Sky Financial

Ad Alert

Western Sky Financial

New York State’s attorney general filed suit this week against Western Sky Financial, a payday lender claiming connections to American Indian tribes. According to the New York Times, the suit…

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