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ACE Cash Express Sued by CFPB for Screwing Over Consumers

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 …

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The Best Way to Lower Parent PLUS Loan Payments

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 …

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I Have an Outstanding Payday Loan With Check ‘n Go and Not Sure What to Do. – Angel

“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.. …

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We Have 11 Payday Loans and I’m Trying to Get Into the CFSA EPP to Repay Them. – Aubrie

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 …

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The Cash Store Won’t Help Me to Break The Loan Cycle. – Cindy

“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 …

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