As the controversy over fast secured loan companies rages in Canada, one lawmakers is calling for an advocate for consumers. Although many steps have been taken to limit the interest rates charged by fast secured loan companies, the fact remains that they are at times a necessary service. For those who need a fast secured […]
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Fast Secured Loan Group Restructures
Posted on April 23rd, 2008 by Bright Light
The Promise Group, a company that provides numerous loan products, including fast secured loans, announced that that they were restructuring. They will now be closing off a few of their facilities that specialized in fast secured loans and replacing them with outsourced workers. The group believes that this will help them remain competitive in today’s […]
Caps Called for in Fast Secured Loan Industry
Posted on April 16th, 2008 by Bright Light
Canadian lawmakers are calling for interest rate caps in the fast secured loan industry, citing the fact that many of these companies are charging over-inflated interest rates on their quick loans. Many people believe that the companies that offer fast secured loans are targeting the poor, since other customers are usually able to get approval […]
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