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EZCORP, Inc. Message Board

  • jacosa jacosa Mar 27, 2013 12:50 PM Flag

    Do our online loans have automatic rollover?

    Just asking. Was it just JPM that said [with much fanfare] that they won't add as much as they used to to abuses by online lenders? The most egregious abuse was automatic rollover of PDLs unless the borrower gave substantial notice of intent to repay. I stick with the old mantra from the Rotunda years: "We specialists give the best terms for small loans." The key abuse that had to be eliminated to make that true was unlimited rollovers. It would be a large step in the wrong direction to allow that in online loans.

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