close Severity : 3-LOW On January 4, 2017, the Commonwealth’s online Privacy Policy will be updated. More Details

the risks of 'easy money' loans

We urge consumers to avoid deceptive “easy money” loans from unlicensed, out-of-state lenders that promise fast, hassle-free money for emergencies or holiday shopping. The Internet contains a lot of ‘guarantees’ of easy, fast ways to get cash that too often lead to long-term financial problems. Too many people who take out ‘easy money’ loans end up paying shockingly high amounts of interest on these loans, losing their cars, or being hounded illegally by debt collectors. Learn about alternatives to “easy money” [here].