MONTEL WILLIAMS may be a great guy, but some say one of the "products" he endorses isn't so great. READ the FOLLOWING: "... Williams has endorsed, and is the national spokesperson for, Money Mutual. Money Mutual is a direct response lead aggregator for 60 payday lending companies. Essentially Money Mutual runs advertisements and parses out the resulting leads to lenders in their "network" for a fee. Payday lenders operate in states with lax consumer lending laws. They are considered to be predatory due to extraordinarily high interest rates and their lending practices. These include encouraging consumers to roll over loans which compounds the already high interest rates that these companies charge. A large portion of payday lending is done with US armed services personnel and their families. According to the company's Money Mutual is a direct response lead aggregator for 60 payday lending companies. Essentially Money Mutual runs advertisements and parses out the resulting leads to lenders in their "network" for a fee. Payday lenders operate n states with lax consumer lending laws. They are considered to be predatory due to extraordinarily high interest rates and their lending practices. These nclude encouraging consumers to roll over loans which compounds the already high interest rates that these companies charge. A large portion of payday lending is done with US armed services personnel and their families According to the company's website...." That's SAD if ARMED FORCES get duped into high interest loans .
