The Consumer Financial Protection Bureau (CFPB) filed a lawsuit today accusing payday lender ACE Cash Express of concealing free repayment plans from struggling borrowers. Because of ACE’s illegal practices, individual borrowers paid hundreds or thousands of dollars in reborrowing fees, when they were in fact eligible for free repayment plans. These practices generated at least …
Parent PLUS student loans sure seem like a financial death trap. Parents are encouraged to jump into them to help pay for school by taking out Parent PLUS student loans, and they think they are doing a good thing, but is it smart? What a Parent PLUS Loan Is For those that might now be …
“Dear Steve, I have an outstanding payday loan and I’m at wits end of options Hi I took out a loan with check n go for 2400 not fully reading the contract I didn’t notice how high the interest rate was. I was in a horrible situation at the time and I desperately needed money.. …
Aubrie “Dear Steve, My husband and I have been in the deathly cycle of payday loans for almost a year now. I work part time and he works full time and we have 1 daughter. Right now we are up to 11 payday loans totaling a whopping $6,500. I just barely stumbled upon the CFSA …
“Dear Steve, I currently have an installment loan with The Cash Store and due to recent home repairs am no longer able to meet this obligation. The balance owed is $830 and I’ve been paying $369 every 2 weeks. I called them prior to my next due date to inform them that I am no …
Cristy “Dear Steve, I’m so far behind that i have 3 payday loan, and im working full time, a part time job and going to school. How do I get a head where I don’t have to use payday loans? Cristy” Dear Cristy, Your payday loan question comes at a great time. Just this past …