Online Payday Loans Cost More, Result In More Complaints Than Loans From Sketchy Storefronts

All things Pew rock unbelievably hard. Here’s a new study from the Pew Charitable Trusts which reveals that people who get payday loans online are ripped off even worse than those going to sketchy storefronts. And they can’t even pick up weed at the same time!

Consumerist

We understand why someone might opt for getting a payday loan online instead of doing it in person. It’s easier, faster, doesn’t require going to a shady-looking storefront operation where some trained fast-talking huckster might try to upsell you unnecessary add-ons or tack on illegal insurance policies. But the truth is that people who get their payday loans online often end up in a worse situation than they would have if they’d applied in person.

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Categories: Hackers

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