
FederalCashAgency.com – reliable partner for Internet Payday Loans in Minnesota.
In the sluggish economy, many people are financially squeezed – living paycheck to paycheck–and may seek the temporary financial help of a short-term Internet Payday Loan to pay for such things as a car repair, utilities, groceries, etc. Internet lenders may offer easy credit, but this credit comes with a hefty price tag and often leaves a rash of problems in its wake. In addition to charging extremely high fees or rates of interest, many of these lenders are not licensed to do business in Minnesota. Providing your personal information to such unlicensed entities over the Internet could lead to unauthorized withdrawals from your bank account, identity theft, or phony collection scams perpetrated by international crime rings.
The Attorney General’s Office has recently filed lawsuits against eight Internet lenders that made loans to cash-strapped Minnesota borrowers that were marketed as providing “cash between paydays,” but that contained unlawfully high annual interest rates of up to 782% percent and that were often illegally extended from paycheck to paycheck, trapping the borrower in a cycle of expensive debt. The loans are often called “Internet Payday Loans” [read the full story]
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