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A “Green Dot” Warns Paycheck Advance Applicants to Beware of Fraud

In some instances, the color green does not symbolize ‘go’. If you have ever taken out a fast cash advance or read about standard practices for the short-term paycheck advance loan industry, knowing the basic process is helpful. The basic lending practices will not vary much from lender to lender. Distinct differences are found in the value of interest rates, fees and customer qualification standards. What never changes is the illegal factor in having to pay upfront fees or processing costs. If you hear or read a request from a … Continue reading

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