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Tag Archives: payday loans

My Elderly Parents Were Scammed by a Relative. Now They Are About to Lose Their Home. – Maria

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“Dear Damon, My elderly parents were scammed by a relative without them knowing until the relative died. They were about to lose their home of 20 something years. I could not get a loan to help them because my credit is bad and I am in chapter 13 bankruptcy with 3 more years to go before it is discharged. So ... Read More »

We Are Over Our Head in Payday Loans. Can a Debt Consolidation Company Help Me? – Laurie

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“my husband and I are in over our head in unsecurred loans/pay day loans. We do not have good credit. This started when he was unemployed, and now is working but we can’t get ahead with THROWING away all this money to payday loans. Do you have any advise? I have talked with a debt consolodation company, and they can’t ... Read More »

Payday Loans: How Quick Is A Quick Solution?

Average Days Indebted

On March 31, 2011 The Center for Responsible Lending put out a publication entitled “Payday Loans, Inc.: Short on Credit, Long on Debt” where they featured a recent study of payday loan borrowers. The CRL tracked 11,000 Oklahoma payday loan borrowers for 24 months from the date of their first loan and revealed their findings in their latest publication. Their ... Read More »

Moneymaker Charged With Tricking People Into Seeking Payday Loans Billed Without Consent

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Bruce Moneymaker, Mike Smith, Michael Bruce Millerd, Fortress Secured, Daniel de la Cruz, Belfort Capital Ventures, Dynamic Online Solutions, HSC Labs, and Seaside Ventures Trust were all charged with unfairly and deceptively billing consumers without their consent, and not providing promised refunds, in violation of federal law. At the FTC’s request, a federal court temporarily halted the defendants’ deceptive practices ... Read More »

Lead Generation Websites Closed Following OFT Investigation in the UK

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The Office of Fair Trading in the UK, the near equivalent of the FTC here in the U.S. just announced a crackdown on financial services lead generation sites. In the UK, websites that generate leads must be licensed under the Consumer Credit Act. The sites closed by the government were: www.loansfordisabledpeople.co.uk www.samedayloansforpeopleonbenefits.co.uk www.militaryloans.org.uk www.cashloansforpeopleonbenefits.org.uk www.urgentloansbadcredit.co.uk www.cashtoday.me.uk www.cashpayday.me.uk www.debitcardinstantloans.co.uk www.cashloansunsecured.co.uk www.loansforpeoplewithbadcredit.me.uk ... Read More »

BillFloat.com – A Great Alternative to Payday Loans

BillFloat - How It Works

This year at SXSW I had the pleasure of meeting and hearing Ryan Gilbert from BillFloat.com speak at the “Dawn of the Data: Future of Consumer Lending” panel. Ryan spoke of his service BillFoat.com, an alternative to payday loan lending. I remember sitting in my seat, surrounded by other finance thirsty attendees thinking, “wow, this sounds like a good idea.” ... Read More »

TSA Employees More Likely to Have Money Troubles and Bad Credit

Payday Rates

An awesome tipster (send in your tips here) sent in a recent government report on payday lending contained some interesting facts about the financial health of government security/law enforcement employees. It also contained this gem of a chart showing how banks are profiting more and charging much higher interest rates than payday lenders are. If we use the prevalence of ... Read More »

Had Some Financial Trouble and Payday Loans. – Brittany

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Had some financial trouble and had a couple payday loans. The payday loans that I had are now unpaid due to a huge unexpected bill. Not long after that I began getting calls from people with heavy indian accents saying that I will be arrested if I don’t pay them money. (one even said I would spend Christmas behind bars). ... Read More »

Payday Loans – Scam, Complaint, Review, or Praise?

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Please share your experience with this lender and provide your review and feedback, in the comments section below. The goal of this page is to allow people to share information that may be important to help others to make a more informed decision regarding their experience with this lending company. Here are some potential questions you might be able to ... Read More »

Money Mutual Montel Williams – Debt Relief Television Commercial

Commercial Name: Money Mutual Montel Williams Record Date: 11-8-2010 Network/Channel: WLFL Jerry Springer Show Description: Montel Williams is spokesperson for MoneyMutual.com. Facing unexpected bills. You can get $1,000 by tomorrow. Payday loan. Promotes viewers to forget about overdraft charges, bounced checks, and late fees. Misleading that those apply to the underlying loan. I assume the attempted message is if you ... Read More »

I’m Struggling With Payday Loans and Don’t Want to Go Bankrupt. – Kristi

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i have takin out four payday loans with in the last year, and have struggled paying them back.. I do now want to file bankrupsy i am only 26 and my vehicle is co-signed by my parents, and i don’t want them to have bad credit!! what should i do? i was going to try the “Relief” . Your advice ... Read More »

Debtors’ Prison, Why Creditors Don’t Care if You Repay Your Debt, and Bankruptcy – The Get Out Of Debt Guy Show

On today’s show I talk with Dr. Louis Hyman, an expert in the history of debt. Not only was it great talking with him but we chatted just as long off the air. This is one guy you’ll be hearing more from in the future on this show. We talked about the history of debt, why budgets are flawed, a ... Read More »

My Husband and I Are Both Disabled Seniors With Payday Loans. – Margaret

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“Dear Steve, My husband and I are both diabled senior citizens, we also have custody of a great grand daughter,We are on s.s and receive a small amount fro state to care for her. I am really in a bind at this monent, I borrowed fom the pay day loans over several years, and finally it caught up with me, ... Read More »

My Debt Settlement Company Told Me I Could Not File Bankruptcy With Payday Loans. – Stephanie

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“Dear Steve, With a debt settlement company. I have six items with them. One was just settled. Four of the five left are under $2500. Then one for over $5000. I was told that you could not file bankruptcy if you had payday loans, is this true? Stephanie” Don’t miss our free Get Out of Debt – “How To” Guide ... Read More »

How Do I Get Out of the Payday Loan Trap? – Gail

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Gail “Dear Steve, I have 5 payday loans. How do i get out of this trap Gail” Don’t miss our free Get Out of Debt – “How To” Guide Series on a number of topics, for loads of practical advice, tips, and help to beat back debt. – Click Here The Answer   Dear Gail, The best way to avoid ... Read More »

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