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Sep 28, 2017 - 34 minute read

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The FTC alleges the company also deceived borrowers who were late on payments by falsely threatening to sue them or even to have them arrested. And the lawsuit alleges that borrowers were required to sign over electronic access to their checking accounts, which under federal law cannot be a condition of a loan. This provision allows defendants to prey on vulnerable consumers cash advance inc lubbock tx making automatic withdrawals from their bank accounts, the lawsuit alleges.

The loans are often made through a separate lead generator called MoneyMutual. com, which uses former talk-show host Montel Williams to promote its loans, sources told The Center for Public Integrity. Neither MoneyMutual. com nor Williams were named in the lawsuit. The loans are made under several brand names, including OneClickCash, UnitedCashLoans, USFastCash, Ameriloan and 500FastCash. This is not the first case the FTC has brought against tribal payday lenders.

The consumer-protection agency has also filed lawsuits against Payday Financial LLC of South Dakota for trying to garnish wages of its borrowers and threatening to sue them in the Cheyenne River Sioux tribal court.

Cash advance inc lubbock tx

23 APR. ARE THERE ANY FEES. Our services will always be provided free of charge, but that is not to say that the lender will give you a loan for free. Your lender will charge you fees andor interest and must provide you with full disclosure of their loan terms upon approval.

It is then your responsibility to read through the terms before signing your loan agreement. WHAT IF I NEED TO MAKE A LATE PAYMENT. Late Payment penalties differ from lender to lender. Lenders may be forgiving if you contact them directly, though some may automatically add a fee if it is in their agreement.

Cash advance inc lubbock tx

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