Know the fees
July 29, 2008 | alternatives, industry | Comments (0)Budget Blogger has an interesting take on how payday loan fees differ from credit card and bank fees: they’re actually easy to figure out.
It’s interesting that the group of lenders getting the “predatory lender” label also have one of the easiest tools available for determining what fees are permitted in each state.
CFSA’s website is a simple, straightforward tool for consumers to use to figure out how much a loan will cost them. CFSA members provide that same level of transparency in their stores. On the question of hidden fees and small print, between credit card companies or banks and payday lenders it’s really no contest.
Comments»
No comments yet.