The check I received is clearly a predatory loan, for $939. It's from 1st Franklin Financial, and has terms on a separate sheet (35.93% APR!)
I did a quick Google and found this is legal in my state (GA), and is common practice. Generally the recipient has a lower income, and accepts the terms of the loan by cashing the check.
My question is, what happens if this was sent to the wrong person? Could they just cash this check in my name, signing me up for this terrible loan? It scares me to think live checks addressed to me are just floating around out there.
Submitted November 02, 2018 at 08:59PM by Hansel_and_Greta https://ift.tt/2qomTAG
