Modified date: December 10, 2020

M ilitary members and their loved ones achieve this much to serve our country so it’s surprising to learn that they’re unfairly targeted by predatory loan providers. But that’s, in reality, the outcome. The buyer Federation of America recently circulated a written report that noted that predatory loan providers target army workers and their own families.

Predatory financing is really a huge issue because it could get people and families stuck in a period of borrowing at extremely high interest levels. Payday advances are the worst type of predatory loans. They generally charge excessively high interest, begin accruing interest straight away, and sometimes cause individuals borrow over and over repeatedly to help keep repaying these short term installment loans. Read More