Unlicensed online lenders that are payday 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 work into the province. These complaints consist of reports of intimidating collection techniques and aggressive interaction methods.
Some customers have actually stated that unlicensed lending that is payday have actually contacted them at their place of work or contacted their manager or colleagues once they fall behind within their re payments, which will be resistant to the legislation. Continue reading “Consumers warned about dangers of employing unlicensed online payday lenders”