Category: installment loans rules

Customers warned about dangers of employing unlicensed online lenders that are payday

Customers warned about dangers of employing unlicensed online lenders that are payday

Unlicensed online lenders that are payday focusing on New Brunswickers, warns the Financial and Consumer Services Commission (FCNB).

FCNB is seeing a rise in complaints from customers about improper behavior from payday financing organizations that aren’t certified to use when you look at the province. These complaints consist of reports of intimidating collection methods and aggressive interaction techniques.

Some customers have actually stated that unlicensed payday lending companies have actually contacted them at their host to work or contacted their company or colleagues if they fall behind inside their re payments, that is contrary to the legislation. Read more