Get our new Windows 7 eBook (PDF) for $7 with 70+ Tips. Download Now!
Payday Loans Via SMS?
- 3
- Add a Comment
- No Related Post
Is this the beginning of a trend? NPR reports that loan companies in Finland are accepting loan applications via text message. It seems these Finn lenders have taken the payday loan scheme a big step further into impulse land. “The loans are approved quickly but come with exorbitant interest rates.” The lure of cash in five minutes has proven too strong …
Is ten percent interest after four days too much? Are these fees fair?
Hey, Paulie Walnuts might think they’re too low.
Hold onto your wallets and watch for this new spin on the payday loan to jump the pond before it jumps the shark. And think twice before you sign on the digital dotted line for that quickie cash advance …
[tags]payday loans, cash advance[/tags]
3 Comments
subwolf
March 21st, 2007
at 2:20pm
Ugh, payday loans are the invention of the devil, they should be outlawed. I have personal experience here.
Atlanta Homes
July 1st, 2007
at 2:39pm
If the consumer need the cash that quickly I think it is a great business tactic.
georgia
February 16th, 2008
at 12:25pm
It’s certainly going to catch up here in the US especially with home prices falling now and home owners are no longer able to use their homes as a cash machine. The poor definitely getting poorer