Personal loan interest rates comparison philippines

Share This Page. Related Items. If you need a short term loan, you may be tempted by ads touting online payday loans. But before you click on a link, the Federal Trade Commission (FTC), the nation's consumer protection agency, has a few caveats to share. Lenders Don't Always Play by the Rules. The FTC recently sued several online payday lenders for violating federal laws.

The lenders allegedly lied about how much their loans would cost, personal loan interest rates comparison philippines borrowers to allow the lenders to take money from their bank accounts automatically, and threatened to sue the borrowers or have them arrested for non-payment. Here's how the scam allegedly played out: The online payday lenders required borrowers to provide bank account information so they could deposit the borrowed funds electronically and withdraw the repayment amount from the account later.

The lenders claimed that the repayment amount would be the amount borrowed plus a one-time finance fee, and that this amount would be withdrawn on a particular date. Instead, the lenders made multiple withdrawals from the borrowers' bank accounts and assessed a new finance fee each time.

Personal loan interest rates comparison philippines

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Personal loan interest rates comparison philippines

Very nice n trust able company. Easy qualifications and easy repayment options. Finance fee is great compared to others. The application process was very simple and stress free. I was approved for a loan within minutes. Is as described. Can't argue overmuch about things with them. Fast and easy to deal with. Clear terms and will work with you if something else comes up.

Personal loan interest rates comparison philippines