Credit Denied to Many > 자유게시판

• 목록
• 답변
• 글쓰기
• 게시판 리스트 옵션
  • 수정
  • 삭제

If you are struggling facing difficulties in loan applications, it can be difficult to get a loan from a mainstream financial institution. Teletrack loans were once a feasible solution for people with low credit scores, but they are no longer as readily available as they once were.

Teletrack loans are essentially payday-style loans that use financial data provider Teletrack, to monitor ソフト闇金スマコンなら即日スピード対応 people's financial habits. By using this reporting system, lenders can determine the likelihood of default. The problem with Teletrack loans, however, is that they often come with extremely high interest rates, making them nearly impossible to repay.

Given the new rules and regulations introduced by the Consumer Financial Protection Bureau in 2013, many lenders are no longer willing to offer Teletrack loans. The CFPB set standards to protect consumers, one of which is the limitation on offering loans with an annual percentage rate of over 36%. This effectively ruled out the Teletrack loans with high interest rates that were previously common.