Debt Management Credit Counseling Provides Payday Loan Assistance to Consumers

Debt Management Credit Counseling Corp (http://www.dmcconline.org), a nonprofit charitable organization (DMCC), announces new program to assist consumers struggling to repay payday loans. Program provides repayment plans with affordable monthly payments and suspension of collection calls. DMCC also approved by state to provide Florida residents a 60 day deferment of their loan payments. Lighthouse Point, FL [...]

Hundreds Gather for Anti-Payday Loan Rally

KANSAS CITY, Mo. The payday loan industry says that they provide a vital service in under-served communities, but opponents say that they only allow financially-strapped customers to dig themselves deeper in debt. Now, anti-payday loan groups are pushing for new restrictions on the industry in Missouri, and the payday loan industry is fighting back. FOX [...]

Court Halts Alleged Fake Debt Collector Calls from India, Grants FTC Request …

WASHINGTON, April 11, 2012 /PRNewswire via COMTEX/ – California-based Defendant Ran Phantom Debt Collection Scheme from His Home, FTC Alleges In response to charges from the Federal Trade Commission, a U.S. district court has halted an operation that the agency alleges collected phantom payday loan debts that consumers either didn’t owe to the defendants or [...]

Beware the fat man scam

Should the Iowa City City Council fend off lenders through zoning? We all see and hear obnoxious low-budget commercials for payday lenders, usually featuring a sweaty man yelling at us to take out a quick and easy loan to soothe our fiscal anguishes until payday. We sit back in our chairs, immediately irritated by the [...]

Las Vegas Auto Racer Sued by Feds in Alleged Payday Loan Scam

(Source: Steve Green Las Vegas Sun (MCT) Las Vegas-based race car driver Scott Tucker and his brother were sued by federal regulators Monday over allegations they had scammed consumers who had taken out online payday loans. The Federal Trade Commission filed a civil lawsuit in US District Court in Las Vegas against Tucker, his brother [...]

Armed robber hits payday loan store

MADISON, Wis. – A payday loan store on Madisons East side was robbed by a masked man with a gun Sunday, and Madison police are looking for help in finding the robber. The incident happened just before 4 pm Sunday at PLS Loans in the 2700 block of East Washington Avenue. According to police, the [...]

Payday loan firms attract short sellers

In a mirror of banks increasing reliance on shadow banking mechanisms, the global scarcity of credit is forcing some people on main street to seek alternative sources of finance. Amid heightened regulatory scrutiny, we see short sellers are targeting the pay day loan firms accused of charging extortionate interest rates. Stocks covered include: Green Dot [...]

Indian American charged for ‘phantom’ payday loan scam

Washington: US authorities have charged an Indian American and two companies he controls for allegedly running a scheme to collect phantom payday loan debts that included harassing calls from India.Consumer Loan Quotes is available online, any time, when you need a fast payday loans or online cash advance until your next payday.

Payday loan company sets up Wii Fit for staff to promote Be Healthy message

Online payday loan company Payday Express has declared March as a ‘Be Healthy’ month, to encourage staff to make healthy lifestyle choices. FOR IMMEDIATE RELEASE / PRURGENT Online payday loan company Payday Express has declared March as a ‘Be Healthy’ month, to encourage staff to make healthy lifestyle choices. As part of this, the company [...]

Payday loans condemned as ‘senseless’

People should never seek to use payday loans at all, the founder of a financial advice website has said. Money Magpies Jasmine Birtles said many people have got a lot more sensible with their cash in the current economic situation, but stated are unwisely using credit cards to pay for the basics, while some are [...]

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