Contact Hunter Stuart at hunterhuffingtonpost. com or 212-402-7149. Update, January 21, 2015: Lisa McGreevy, CEO of the Online Lenders Alliance, emailed Cash advance evansville in an extensive response to this article.
She reiterated the stance of the OLA representative in the story, that state laws about online lending are unclear and that most online lenders don't operate in states "where jurisdiction is in question. " Among her other points: "The article relies heavily on a Pew Charitable Trust study regarding online and storefront lending that is based on research quick 10000 loan in 2011, quick 10000 loan preceded changes by many online lenders in response to industry guidance from the FTC.
In short, the study does not reflect how legitimate online lenders conduct business today. We do, however, agree with a number of the conclusions in the Pew report, including the need for more fraud protection and strong, clear federal guidelines for small-dollar loans.
"OLA and its members abide by a strict set of industry best practices that Pew referenced positively in its study. OLA companies use sophisticated underwriting analytics to ensure customers are willing and able to repay. Defaults arent good for the lender or the consumer.
Representative Example: Amount of credit: £300 for 64 days with one repayment of £76. 80 and one repayment of £376. Interest: £153. Interest rate: 292 pa (fixed). 1294. 9 APR Representative. Explore this product.
Thus, we work with lenders familiar with your situation and are ready to help. Important Disclosures. Please Read Carefully.
This service is not available in all states. If you request a loan in a particular state where such loans are prohibited, or in a location where WhiteRockLoans.
com does not have an available lender, you quick 10000 loan not be connected to a lender. In some cases, you may be given the option of obtaining a loan from a tribal lender. Tribal lenders are subject to tribal and certain federal laws while being immune from state law including usury caps.
WhiteRockLoans. com connects interested persons with a lender from its network of approved lenders. WhiteRockLoans. com does quick 10000 loan control and is not responsible for the actions or inactions of any lender, is not an agent, representative or broker of any lender, and does not endorse any lender. WhiteRockLoans. com receives compensation from its lenders, often based on a ping-tree model similar to Google AdWords where the highest available bidder is connected to the consumer.