HARRISBURG — The Department of Banking and Securities is warning consumers about doing business with any company offering an advance on a retirement pension.These so-called lump sum "pension advances" are thinly-disguised loans with no contractual or financial relationship with the consumer's pension or pension plan. The total payments made on the "advance" often far exceed the initial loan amount.In almost all cases, the payments made by the consumer are more than [...]
Source Business - poconorecord.com http://ift.tt/2urm8aH
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