Legal documents are often confusing and the loan process can be overwhelming. Perhaps you are unsure what questions to ask. Below is a list of your consumer rights and the questions you are entitled to ask.
This isn't a complete list. The Federal Trade Commission (FTC) website offers some helpful resources in the consumer information section of its website. Some of your rights include the following: Credit decisions cannot be based on your race, color, gender, national origin or other such identifiers. Credit decisions can, however, be based on your financial status.
At the top of your Firefox window, to the left of the web address, you should see a green lock. Click it. In the window that pops up, you should see Blocked or Blocked Temporarily next to Access Your Location. Click the x next to this line. You're good to go. Refresh this Yelp page and try your search again. If you're still having trouble, check out Firefox's support page.
The loans come with high fees -- being charged 125 for a 500 loan is typical. Calculated annually, that works out to be a 652 annual percentage rate (APR). Typically, you repay your loan on the following payday, with brick-and-mortar lenders usually cashing your post-dated check. Online, its different: Most web-based lenders require borrowers to let them directly withdraw funds from their bank accounts. Sometimes, borrowers can refuse to give a loan company that access, choosing instead to secure the loan with a post-dated check.
But that almost always means undergoing a more difficult application process and waiting longer to receive the loan.
It can be dangerous to give lenders permission to dip into your checking account every two weeks, said Lauren Saunders, the managing attorney at the National Consumer Law Center, a Boston-based nonprofit group. When you authorize someone to make withdrawals like that, youre losing control of your bank account, she said.