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 companies that aren’t certified to operate when you look at the province. These complaints consist of reports of intimidating collection methods and communication that is aggressive.
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 once they fall behind within their re re payments, which will be resistant to the legislation. Continue reading “Consumers warned about dangers of utilizing unlicensed online payday loan providers”