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Overall, MoneyMutual sold “leads” with the personal information of approximately 800,000 New York consumers. As MoneyMutual now acknowledges, thetypical representative annual percentage rate (APR) range for the loans advertised on its website is “somewhere between 261% and 1304%” — sixteen to eighty-two times higher than the legal limit in New York. However the convenience of doorstep credit comes at a cost. This is an expensive credit option, but at any given day it is better than drawing instant cash advance like payday loan. The new college grad is now focusing on how to earn a living and build on his or her personal life. Just as you are trying to get your hands on money so is a predatory lender. Don’t kid yourself in thinking that one payday loan lender help is the same as another. Even between the good direct lenders there are different practices and qualifications. Because these loans carry high interest, there are many people who would suggest that they are all predatory. Call these short-term loans expensive, but a high cost does not make them unsafe.
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- 2% reduction in rate after completion of 48 months
- Unsecured loans are offered by many of these lenders
At Precision Auto Lending we help good people with bad credit get approved for auto loans. We help when other… http://fb.me/8YXcjy3TI
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