Predatory Lenders TAB Bank and EasyPay Finance Harm Veterans and Military Servicemembers with Loans up to 189% APR.
Whether facing an expensive car repair, trying to purchase furniture, or even purchasing a pet for their family, many servicemembers, veterans and their families may be subject to outrageously high interest rates and deceptive practices. Too many repair shops and stores are steering people toward EasyPay Finance, which offers high-cost loans, has generated extensive complaints about deceptive and abusive practices, and charges up to 189% interest, even in states where that rate is illegal. Many shops that offer these loans are near military bases.