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

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

Unlicensed online payday lenders are 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 use when you look at the province. These complaints consist of reports of intimidating collection techniques and communication that is aggressive.

Some customers have actually stated that unlicensed payday financing organizations have actually contacted them at their host to work or contacted their boss or colleagues if they fall behind inside their re re payments, which will be up against the legislation. (more…)