The employees are not trained, they don't have a clue regarding anything they are doing and most seem to be on some power trip. I lost my vehicle because of some idiot named Walter. This company will lie and cheat to cover up their mistakes so make sure you document everything and can supply proof because if you don't you won't win, even if you're the honest one.
I filed a complaint with the Attorney General's Office, who forwarded it to the Department of Business Oversight, the department who license this God awful company. In response, City Payday advance loans rancho cucamonga tried to say I never call the office or I "went silent", but I got copies of all my phone records, the dates, time and personal loan online apply malaysia of each call.
Liars. Then City Loan tried to say that this "Walter" was my account manager - he wasn't. According to all my paperwork, Erica was my account manager, and the person I communicated with most.
Nowhere in our email communications did it say she was no longer my account manager or I could only speak to this Walter.
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Borrowers also default more often when they get loans online rather than from a brick-and-mortar loan shop, the study said. Regulators with the Consumer Financial Protection Bureau are writing the first federal rules for payday lenders, The Wall Street Journal reported earlier this week.
Under the Dodd-Frank financial reform act, the CFPB has the authority to regulate payday lenders, whether theyre based on Main Street or the Internet, and the agencys rules are expected avatar personal loans apply to Internet loan companies in addition to physical loan shops. The CFPB declined to personal loan online apply malaysia for this article.
People who borrow money from online payday lenders are more likely to default than those who borrow from storefront payday lenders, according to a recent report from Pew Charitable Trusts. Though there is not yet a federal law prohibiting the practice, states have historically regulated payday lending. In a payday loan shop, the business state license is clearly on display. But on the Internet, its harder to tell if a company has a state license. To find that out, consumers have to read the fine print on a lenders website.
If theyre not licensed, lenders may not be obeying the law.