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We Sent Applications For An On-line Cash Advance. This Is What Happened Next

We Sent Applications For An On-line Cash Advance. This Is What Happened Next

Payday lenders made about $49 billion in high-interest loans a year ago. A lot more than a 3rd of these loans were made on line. We wondered what are the results once you submit an application for such that loan, therefore I made a decision to learn.

For the duration of reporting an account early in the day this 12 months, We logged on to a niche site called eTaxLoan.com and done a software.

We asked for $500 and, become safe, We made an target, a name (Mary) and a Social Security quantity. The website asked for lots more sensitive and painful stuff — a banking account quantity and a routing number — and I also made that up, too.