Is it hard to get a cash loan

Consumer Information. 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, required 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.

Is it hard to get a cash loan

A borrower will be able to enjoy from RM 2,000 to RM 100,000 financing or a 8 times salary financing whichever that is lower. The amount loan will also be subjected to credit ratings. The minimum tenure would start from 1 to a maximum of 5 years. Interest rates would depends on amount loan and borrowers employment type. Basically, borrower will be able to enjoy better interest rates with higher loan amount.

A borrower can enjoy up to 8. 20 p. a flat interest rates with interest rates with RM 50,000 to RM 100,000 financing, 10.

Is it hard to get a cash loan

Best Payday Loans Companies. The Top Ten. Great direct lender. Have flexible payback dates and offer payment plans if you get overwhelmed.

Easy application process and decent customer service. The best vendor company all over United States. Have always came through when I needed to get quick cash. Instant approval and the money is deposited the next business day. They've worked with me when I needed an extension.

There's a decent payback period.

Is it hard to get a cash loan