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Sep 28, 2017 - 34 minute read

Can you have more than one personal loan

To File a Complaint. File a complaint with the Department of Financial Services at (800) 342-3736 if you believe payday loans are being made in New York or to New York residents, or if a debt collector is seeking to collect on a payday loan in New York. What is a Payday Loan. A payday loan is a relatively small, high-cost loan, typically due in two weeks and made with a borrowers post-dated check or access to the borrowers bank account as collateral.

Payday lending is illegal in New York for a number of reasons : Payday loans are designed to trap borrowers in debt. Due to the short term, most borrowers cannot afford to both repay the loan and pay their other important expenses.

Can you have more than one personal loan

We'll find the best loan store for you. Cash loans eugene oregon. We're sorry. The page you requested has been moved or does not exist. Make sure you typed the web address correctly. Best Payday Companies. Worst Payday Companies. State Guides. SameDayPayday. com is not a lender, does not broker loans or make credit decisions.

Can you have more than one personal loan

The site asked for more sensitive stuff - a bank account number and a routing number - and I made that up, too. In spite of the made-up information, in less than a minute, I got a response. "Congratulations. Tremont Lending has been selected as your lender and you have been pre-approved for a loan up to 750. " If I wanted to borrow 750 for a week, I would have had to pay 225 in interest.

The site said that was an annual percentage rate of more than 1,300 percent. I did not agree to take the loan.

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