Friday, July 18, 2014

Beware of Sky-High Interest Workplace Loans

Are workplace loans going to take the place of payday loans, charging outrageous rates of interest to the very people who can least afford them?

That's a fear some observers are expressing after publication of several online reports about the growth in this "shadow lending" market.

We've already covered payday advances in one of our earlier issues about predatory lending, How to Avoid Predatory Lending Scams.

And we told you about another recent worrying development -- short-term advances on pension payments, charging up to 100% annual interest rates, in Alerts Sounded on Pension Loans, eBay Scams and TV Casting

Click here to read the full article.

©Copyright Audri and Jim Lanford. All rights reserved.
Reprinted with permission.
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