FINANCE
Fast funding can signal a 400% APR.
Lenders offer two paths to fast cash
Reputable lenders use your FICO score. Predatory lenders use a different, riskier signal for approval.
The signal predatory lenders use
They target your direct deposit date. This allows for APRs of 300-500%, rates illegal in many states.
Spot the predatory lender
The full report details red flags and compares APRs from legitimate online lenders.
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