Unlicensed online payday lenders are 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 when you look at the province. These complaints consist of reports of intimidating collection methods and aggressive interaction practices.

Some customers have actually stated that unlicensed lending that is payday have actually contacted them at their host to work or contacted their manager or colleagues once they fall behind within their re payments, which will be from the legislation.

Consumers searching for credit options probably know that utilizing the ongoing solutions of an organization that is not licensed to use into the province places them at a larger risk for damage. Read the rest of this entry »