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Big Named Banks Partake In Payday Loan Profits
With 12.5 million Americans unemployed and many facing inevitable debt harassment, consumers are turning to online payday loans, often with obscene interest rates in excess of 500 percent, to make ends meet. To the financially strapped, worrying about today has displaced...
Read MoreAn Insider Look at How Debt Collectors View the FDCPA
The Fair Debt Collections Practices Act, or FDCPA, was enacted to protect consumers from overzealous debt collectors whose methods include harassment, threats and coercion. To these businesses a consumer is nothing more than a number representing dollars and cents, part of...
Read MoreDebt Collectors Turn a Profit by Going After the Poor
It’s the “American Way”, turning opportunity into profit. It is certainly the way of the debt collector in these hard economic times with 15.1 million of the working class unemployed, 1/3 of which have been for six months or more....
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