How paying off a friend or relatives payday loan could make you liable for ... - This is Money

People making payments on behalf of friends or relatives to payday lenders are being warned that they could be signing up to pay off future debts. 

This is because many payday lenders sign customers up to a 'continuous payment authority' when they open an account - this allows lenders to take payments as they become due.

One This is Money...

Source: thisismoney.co.uk

Payday Loans Scrutinized

With more American's struggling financially, payday loans are coming under scrutiny for trapping the working poor in a vicious cycle of debt. Armen Keteyian reports.

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Bing news feed

  1. Personal Cash Advance Debuts Completely Secure Website
    05/15/12, via Yahoo Finance
    From the site: Personal Cash Advance is the fastest way to obtain secure, online cash advances and payday loans. Signing up and qualifying for a payday loan is quick and easy, and in many cases there are no documents to fax depending on the ...
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  3. FastMoney.com Introduces New Phone Number for Payday Loan Applicants
    05/15/12, via TMCnet
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