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Teletrack loans are essentially rapid cash loans that use financial data provider Teletrack, to monitor ソフト闇金の優良店ライフラインはコチラ people's financial habits. By using this financial assessment tool, lenders can assess the risk of lending. The problem with Teletrack loans, however, is that they often come with onerous loan conditions, making them nearly difficult to service.
Given the new rules and regulations introduced by the Consumer Financial Protection Bureau in 2013, many lenders are no longer willing to offer Teletrack loans. The CFPB set standards to protect consumers, one of which is the limitation on offering loans with an annual percentage rate of over 36%. This effectively ruled out the high-interest Teletrack loans that had become a staple.
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