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Tag Archives: payday-lender

Arizona Attorney General to Payday Lenders, “Don’t Let the Door Hit You on the Ass On Your Way Out of the State.”

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Here is a reprint of a statement by Terry Goddard, the Arizona Attorney General. Get Out of Debt Guy – Twitter, G+, Facebook Need More Help? Arizona’s law authorizing high-interest payday loans is scheduled to expire on June 30, 2010. In anticipation of this long-awaited date, I have set up “Operation Sunset” – an enforcement initiative that will aggressively pursue ... Read More »

    Payday Loan Alternatives That Are More Expensive. You’ll be Surprised.

    Cost of $300 Loan

    The National Consumer Law Center has just issued their latest report on payday loans titled Stopping the Payday loan Trap: Alternatives that work, ones that don’t. The report is interesting in that it gives a number of examples of payday loan alternatives that offer small dollar amount loans and lists the corresponding APR. For example: Anheuser-Busch Employees Credit Union – ... Read More »

      Hard Working American’s Specifically Targeted by Businesses That Make Billions Off Them

      Hard working American’s of all socioeconomic strata are specifically targeted with financial products or services to make a fortune off those either living in chronic desperate times or experiencing sudden financial troubles. The new book, Broke USA by Gary Rivlin, provides a welcome look inside the world of payday lenders and other fringe finance companies while supported by major Wall ... Read More »

        I’m Way Over My Head in Payday Loans. – Alan

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        Alan “Dear Steve, When my employer was having money problems….my paychecks got cut by 2/3rd. I got myself into major payday cash advance problems. All I make now goes to just the fees…how can I get out of debt with these horrible companies? If I don’t make my payments to them…will they just go to a collection agency? I can ... Read More »

          Payday Lender Won’t Tell Me What I Owe Them. – Monica

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          “Dear Steve, I have four payday loans that have been sent to a collection agency they are all with the same agency I called to pay them off and the agecny refused to give me the balance owed on them so I contacted the FTC filed a complaint and also pulled my credit report as advised by the FTC that ... Read More »

            The Payday Loan Industry, Their Own Freaking Worst Enemy

            finance

            It seems that Congress is looking to pass the Payday Reform Act. The bill’s sponsors say they want to make the payday loan industry, better than it is right now. Of primary concern to lawmakers are the fees charged by cash advance and payday loan companies. Yeah, but when you look at what a bank or credit card charges you ... Read More »

              Quick Cash Payday Lender Engaged in Deceptive Business Practices Says AZ AG

              Arizona Attorney General Terry Goddard filed a lawsuit alleging deceptive business and debt litigation practices against national payday lender Quik Cash (QC Holdings, Inc., and subsidiary QC Financial Services, Inc.). The lawsuit seeks up to $5 million in restitution, asks the court to set aside hundreds of deceptively obtained court judgments against Arizona payday loan borrowers and seeks to stop ... Read More »

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