Bad credit borrowers targeted on Facebook
Facebook, the social networking site, has become the latest forum for high interest lenders to reach customers with bad credit.
The ads are designed to target younger people, who are more likely to have bad or no credit history.
Many boast that there is no credit check to stop people with bad credit receiving funds; but interest rates are often notoriously high.
Many people searching for loans, especially bad credit mortgages, are advised to consider any new loan carefully.
January 20th, 2009 at 5:44 pm
Yes, I’ve seen these. Even if I had a bad credit history, I’d think twice before accepting their 39% credit card!
January 23rd, 2009 at 9:39 am
Think about these really carefully: the rates are almost criminal! About what you’d expect from a doorstep loan shark, actually…