What should I know about companies that provide pre-paid debit cards and offer to help improve my credit rating?
In other states, lenders have used middlemen (often called “credit services organizations”) to solicit customers. Although the lender itself may only charge 36% interest and allowable fees on the loan, once the middleman’s charges are added into the equation, the consumer may end up paying interest and fees far in excess of consumer loan limits. Be extremely cautious paying interest and fees far in excess of consumer loan limits. Be extremely cautious before entering into this kind of arrangement, and make sure you understand exactly what services will be provided and how much they will cost.
