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Sep 28, 2017 - 34 minute read

How many personal loans can one person have

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How many personal loans can one person have

" Murray says neither he nor his lenders resells personal data, like the kind I submitted. But he says that others do, and that's likely what happened in my case. It doesn't take long online to discover there's a whole network of people trying to buy and sell payday loan leads. None of this surprises Benjamin Lawsky, the superintendent of financial services for New York state and one of many regulators trying to clamp down on payday lending.

"Once you made that application, you basically sent up a red flag with them that you are someone in need of this money, and you need it on a short-term basis," he told me.

"That's when the vultures come out. " Legitimate online payday loan websites. We commit to connecting you with an approved lender. We also made the process simple. No need to visit hundreds of websites and fill out numerous paperwork.

How many personal loans can one person have

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How many personal loans can one person have
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