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Here's how the scam allegedly played out: The online payday lenders required borrowers to provide bank account information so they could deposit the borrowed funds electronically and withdraw the repayment amount from the account later. The lenders claimed that the repayment amount would be the amount borrowed plus a one-time finance fee, and that this amount would be withdrawn on a particular date. Instead, the lenders made multiple withdrawals from the borrowers' bank accounts and assessed a new finance fee each time. The result of this scheme? The borrowers paid much more than the stated cost of their loans. [link widoczny dla zalogowanych] You can also search for paydayloans online. This is truly a matter of leveling the playing field for working people. Companies borrow money every day to manage the costs of inventory, labor and other debts. They have that ability. Some executives get signing bonuses, cash upfront before they start their first day of work. But the vast majority of millions of hard working people are forced to wait weeks after their work is done before they are paid.

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