Weight To Pocket and Flex Credit launch the 12-month cash advance

Weight To Pocket and Flex Credit launch the 12-month cash advance Payday lenders such as weight To Pocket and Flex Credit are stepping into the loan that is medium-term with 12-month pay day loans. Despite stress to completely clean up the industry, payday loan providers providing short-term high interest loans are expanding in to the medium-term loan market by providing 12-month loans at sky-high prices. A fast Bing search reveals a raft of businesses offering loans spanning a 12 months at 278per cent APR. These...

But data just tell the main tale. Susan Hakel, a mom whoever son got caught within the cash advance trap

But data just tell the main tale. Susan Hakel, a mom whoever son got caught within the cash advance trap stocks this account of exactly exactly exactly what took place to her family members: In 2010 my son decided to go to benefit Verizon in Phoenix, AZ. About 6 months later on he discovered himself in short supply of money and decided to go to an online payday loan business for a term that is short of $300. The agreement had been that $450 was...