Once approved, a fee of around 5% is charged and a loan of $10 to $500 (sometimes up to $1,000) is sent instantly to the customer. Loans must be repaid in 21 to 30 days;

Isn't this predatory usury worse than payday loans. That is an APR of more than 30% and you are getting access to their data.

Seems like an evil business model to me.