WARNING: Unscrupulous lending practices and lack of full disclosure of loan terms largely contributed to bringing on the “Great Recession.” Here we have a business model that appears designed to pray on the disenfranchised and economically challenged populations, who driven by economic desperation may fall victim to exorbitant interest rates and unscrupulous lenders. Never enter into contractual arrangements, unless you fully understand your rights and obligations.
See here: http://www.mywot.com/en/forum/21866-rip-off-loans-2-logbook-loans
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