Tag Archives: pay day loan scams

Steps to Refinancing Student Loans

Students today are experiencing higher student loan debt than ever before, so it’s no surprise that many are looking for ways to reduce monthly repayment amounts. One great way to lower costs is to refinance student loans, which means taking out a new loan with a private lender to repay your current ones. Both federal and private loans are eligible for refinancing, which allows borrowers to: Combine multiple repayments into one single loan Change repayment terms e.g. changing loan timeframe to span 5, 10, 15 or 20 […]

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Extortion Scam Related to Delinquent Payday Loans

If you are receiving payday loan scam calls, which are described in the below press release, do not follow the caller’s instructions. Rather, you should: Notify your banking institutions. Contact the three major credit bureaus and request an alert be put on your file. Contact your local law enforcement agencies if you feel you are in immediate danger. File a complaint at www.IC3.gov The Internet Crime Complaint Center has received many complaints from victims of payday loan telephone collection scams. Callers claim the victim is delinquent in […]

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Why Pay Day, Fast, Easy, but Beware!

Advertisements for payday loans make them seem like a fast, easy, no-nonsense way to get money when you’re in a financial bind. They tell you getting $100 is as easy as showing a recent pay stub, a copy of your driver’s license, and a blank check. They don’t tell you that for many people, paying off that $100 can end up taking months, even years, and costing thousands of dollars to pay off. How Payday Loans Work Let’s say you need to borrow $100 until your next […]

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Strapped for Cash?

Strapped for cash? You might think an online payday loan is a quick and easy way to help stretch your money. But before you enter your bank account or any other personal information on a payday loan website, back away from the keyboard! That online payday loan might be a window to a scam. A federal court has granted the FTC an order for contempt in the matter of Suntasia Marketing, Inc., a company previously involved in a telemarketing scheme that bilked consumers out of millions of […]

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Benefits of Payday Loans

Next time you are in dire need of some cash, and you want to get it quickly, you can consider payday loans. This type of loans is relatively new on the market. So far, the traditional ways of procuring a loan were mainly through credit cards or by applying for personal loans. Certainly, these are well accepted and appreciated options for anyone, but they do come with their own limitations. When using credit cards, you are prompted to spend a lot more than perhaps you could afford. […]

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Your Payday Loan Questions

When your car breaks down or you’re in the hospital, you need to pay the bill unexpectedly. However, your paycheck cannot always cover these costs. You might need some help. This article will give you some great advice regarding payday loans. Normally, payday loans require that you pay back the money around two weeks later. However, there are sometimes unexpected circumstances that may arise, and if you cannot pay the loan off by the due date, you don’t have to default on it. Many establishments offer a […]

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