Not exact matches
When you accept the
payday loan, you are typically required to provide income and employment information to the
lender along with a post-dated check (although it is becoming common for
payday loans to be obtained online).
Generally most people will be able to get approved a Loan and this is one of the reasons why
Payday Lenders charge higher interest rates
along with the risks they take for lending money to individuals that may have a bad credit history.
Using data from the Consumer Financial Protection Bureau, David Chen of Millennial Personal Finance put together a list of the top overall consumer complaints about
payday loans,
along with the
lenders who have the most complaints.