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Tags: 15 minutes, borrowers, brother and sister, cash advance, cell phone, collections, Debt Collectors, fox, information visit, loans, mobile phones, no doubt, payday loan, point of view, sms, squirrel tail, squirrels, surprise surprise, sweeden, target group, text messages
My brother and sister squirrels in Sweeden with mobile phones are getting new types of SMS or text messages that are landing them in debt.
Apparently these loans by cell phone take about 15 minutes for approval and the deposit of €300 in your bank account.
Surprise, surprise, loads of those loans are in collections. It’s estimated that the debt collectors in Sweden are hunting down about 36% of the people that took out these SMS loans via their mobile phones.
The target group for these loans are potential borrowers between 18 to 25 and if the loan isn’t repaid in 30 … Continue Reading
