Last month, The Better Business Bureau (BBB) issued a national alert warning consumers to beware of phony debt collectors who contact you claiming to be lawyers with intent to sue. The scammers call your home, and according to the BBB they are armed with the potential victim’s personal information, including Social Security Numbers, old bank information, driver’s license numbers, home addresses and even the [...]
Entries Tagged as 'PayDay Loans'
Phony Debt Collector Scam Alert Issued by BBB
September 21st, 2009 · 2 Comments · Consumer Debt, Consumer Info, Debt Collection, PayDay Loans
Tags: BBB scam alert·Better Business Bureau·Debt Collection·debt collector scam alert·PayDay Loans·phony debt collectors
Half of Repeat Payday Loans Opened Immediately or After 24 Hour Wait
July 15th, 2009 · No Comments · Consumer Debt, PayDay Loans
Another blog post to further along our campaign against the payday loan industry!! According to the Center for Responsible Lending, payday lenders create their own demand with loan terms that generate rapid re-borrowing.
This is termed “payday churning”, or repeat borrowing of what payday lenders market as a short-term loan of a few hundred dollars. [...]
Tags: borrower·Center for Responsible Lending·Credit Cards·Fees·interest·paychecks·payday loan industry·PayDay Loans·Video
PayDay Loans Rejected by Arizona Voters
November 14th, 2008 · 8 Comments · Banking, Consumer Debt, PayDay Loans
A clear message was sent to payday lenders last week by voters in Arizona, which rejected Proposition 200 by a 3 to 2 margin. And the payday lenders are most certainly unhappy campers, after spending more than 14.6 million in one of the most expensive advertising campaigns in Arizona’s history.
The ballot proposition that was backed [...]
Tags: arizona payday loans·consumer loans·payday lenders·payday loan fees·payday loan industry·payday loan interest rate cap·PayDay Loans
How to Get Out of Payday Loan Hell
October 31st, 2008 · 14 Comments · Banking, Consumer Debt, PayDay Loans
It’s bad enough getting into apayday loan in the first place. But even more fun is involved if you are unable to pay back your payday loan. Most companies keep piling up interest and late fees, making it tough to repay the loan. A reader recently wrote of her experience paying back [...]
Tags: Interest Fees·late fees·Nightmare·PayDay Loans·Read Contract·Student Loan



