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The FTC recently sued several online payday lenders for violating federal laws. The lenders allegedly lied about how much their loans would cost, required borrowers to allow the lenders to take money from their bank accounts automatically, and threatened to sue the borrowers or have them arrested for non-payment. [link widoczny dla zalogowanych] *Lenders typically will not perform credit checks with the three major credit reporting bureaus: Experian, Equifax or Trans Union. FYI: credit checks or consumer reports may be obtained by some payday lenders. Q: Tell me about bad credit need student loan no cosigner situation?

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