Payday loan providers made about $49 billion in high-interest loans a year ago. Significantly more than a 3rd of these loans were made on line. We wondered what goes on whenever you make an application for such that loan, therefore I chose to discover.

For the duration of reporting a tale previously this year, We logged on to a niche site called and completed a credit card applicatoin.

I inquired for $500 and, become safe, We composed an target, a true name(Mary) and a Social Security number. Your website asked for more stuff that is sensitive a banking account number and a routing number — and I also made that up, too. Continue reading