Predatory Loans & Predatory Loan Complaints
This is actually the 7th in a number of reports that review complaints towards the CFPB. In this report we explore customer complaints about predatory loans, classified when you look at the database as payday advances, installment loans, and car name loans.
This can be our very very very first are accountable to integrate an analysis of customer narratives or written explanations of problems—an addition into the database we advocated for with Americans for Financial Reform and accomplished last year.
This report discusses pay day loan complaints from numerous perspectives: