In the “not so surprising” news category, a new report rips the debt collection industry. This report, however, goes a step further. The report suggests that states are not doing enough to help struggling consumers. The report from the NCLC,…
Posts Tagged With: bank account
California Debt Blog: 4 More Concerns about Short Term (Payday) Loans
Last week’s post received such a response that I thought I would share more concerns about payday loans. These short term loans look like a good solution for some people, but for over 90% of the population, they are a…
California Debt Blog: 4 Concerns about Short Term (Payday) Loans
I just helped a woman with a payday loan. The interest rate was 180%. Her payments were going to total over $9,000 in this loan from California Check Cashing, LLC. Her $2500 loan was going to cost her $10,000 when…