Payday loan providers made about $49 billion in high-interest loans year that is last. A lot more than a 3rd of the loans were made on the web. We wondered what goes on once you submit an application for such that loan, therefore I made a decision to discover.
For the duration of reporting a tale early in the day this We logged on to a niche site called eTaxLoan.com year and done a credit card applicatoin.
I inquired for $500 and, become safe, We made a target, a name (Mary) and a Social Security quantity. The website asked to get more stuff that is sensitive a bank-account quantity and a routing number — and I also made that up, too. Continue reading