That means online lenders will be more likely to want to get licenses from every state where they operate, he noted, which would allow for tighter regulation of the industry. There 25k personal loan still be a lot of bad loans made, Bourke said, but at least it will be much harder aditya birla personal loan statement fraud to happen. Hunter Stuart contributed additional reporting. This story has been updated with additional comments from Joel Rosette, the Plain Green CEO.
Clarification : Language has been changed to clarify the difference in repayment times between payday loans and installment loans, and to elaborate that Plain Green limits customers to no more than one loan at a time, which must be paid in full before any application for a new loan is made. Were Committed To Service, Speed Security.
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