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Sep 28, 2017 - 34 minute read

Cash loans woodridge qld

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Cash loans woodridge qld

But most never formally applied for any loans, according to the complaint filed by the FTC. Be the first to know. No one covers what is happening cash loans woodridge qld our community better than we do. Cash loans woodridge qld with a digital subscription, you'll never miss a local story.

Coppinger and Rowlands companies then bought the borrowers information from the lead generators, deposited 200-300 loans in borrowers accounts without their permission, and started withdrawing up to 90 at a time for finance charges, the complaint said.

The withdrawals didnt go toward paying down any principal, however. And the companies allegedly sold the fake loans to debt buyers, who hounded the applicants for more money, the complaint alleges. If anyone tried to contest the unauthorized transactions, the companies would misrepresent to the banks that consumers authorized the transactions, according to the FTCs complaint.

The companies even produced bogus loan applications or other phony documents as proof that people had agreed to borrow the money, the FTC said.

Cash loans woodridge qld

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