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Cash Request Online: A new online company that provides payday loans and installment loans to California residents. Currently offering loans of 200 to 1000 even if you have bad credit or no credit at all.
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The consumer-protection agency has also filed lawsuits against Payday Financial LLC of South Dakota for trying to garnish wages of its borrowers and threatening to sue them in the Cheyenne River Sioux tribal court. The FTC says the company has no authority to garnish wages or to file cases against nontribal members in a tribal court.
Online payday lenders are the fasting growing segment of the industry, accounting for more than 10 billion a year in loans.
Only a fraction of that money goes to tribal affiliated lenders. Angela Vanderhoof of Olympia, Wash.borrowed 400 from OneClickCash in October 2010, not realizing she would eventually pay 690 in interest on her loan or that she would be hit with as many fast cash loans ipswich four overdraft charges on her checking account in a single day.
The withdrawals left her nearly penniless, she said. When she talked fast cash loans ipswich the Center for Public Integrity last fall, she wondered if she would ever be able to get any of that money back. Today, shes one of the borrowers listed in the FTC court documents.
I think its great that somebody doing something, she said.