Late on Rent? Look Out for Lending Lions and Cartoon Bears!
Those two bears helped someone pay their rent. Now, they’re looking for their money back — plus interest!
A pound of flesh, that’s just an appetizer!
Can a Cartoon Bear Help You Pay Rent?
It’s possible — but there are some strings attached
But beware! That bear’s short-term loans can end up costing you. The effective interest rates on some Dave loans can add up to triple digits!
Then, there’s the lending lion over at MoneyLion.
Hey, a lion sitting next to a pile of “available” cash is still a lion. Those fees will eat you alive!
Should You Accept Instant Cash from a Lending Lion?
The E-Z lending app comes with a fair share of risk
Oh, and your buds over at Chime have a money transfer app — Sendwave.
Turns out, sending with Sendwave is neither fast nor cheap — despite Chime’s claims:
Chime Fined $3M for Deceptive Claims | Advocate Andy | NewsBreak Original
Funds transfer company regularly deceived consumers about cost, speed of product. An investigation by the Consumer…
And in one more case where consumers were done wrong, Blackbaud will pay a big fine for compromising the personal data of millions of Americans: