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How does a unsecured personal loan work

Moseley; his son, Richard F. Moseley Jr.and Christopher J. Randazzo. The FTC suit claims that companies controlled by Coppinger and Rowland purchased sensitive financial data of prospective consumers and, in some cases, issued phony loans to people who had never agreed to borrow the money. The defendants are accused of generating bogus loan agreements to deceive banks and of withdrawing money from consumers accounts.

In one 11-month period, Coppinger and Rowlands network made loans of about 28 million and took back more than 46. 5 million, according to the FTC. In an awkward twist, some of the ill-gotten gains reaped by online lenders have benefited schools, churches and other area philanthropic causes.

How does a unsecured personal loan work

The Need for Speed. Our online service readily serves your need to connect with a lender. The process takes a few minutes. Fill out our secure online form and we send an encrypted copy to an authorized lender to approve. Once you submit your information, you will be redirected to the lender's website where you can review the terms of the loan, including details about all the applicable rates and fees.

If you accept these terms, the lender will deposit money directly into your bank account as quickly as the next business day. Every inquiry received is handled with care and speed. Your Loan, Your Business.

How does a unsecured personal loan work