If you are behind on paying your bills, you may soon be contacted by a debt collector. The debt collection is an act supervised by the nation’s consumer protection agency known as the Federal Trade Commission (FTC), which enforces the Fair Debt Collection Practices Act (FDCPA). This prohibits debt collectors […]
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Although payday loan companies are meant to help people successfully get through a difficult situation, unfortunately there are many that take advantage of people in desperate situations. Many payday loan companies are illegitimate or have been caught grabbing cash from their customers’ accounts without permission. Still other shady payday loan companies are […]
Recently, more and more people are asking for the assistance of a payday loan company in order to solve their temporary financial troubles. As appealing as such companies tend to be in the beginning, you will soon realize that this quick fix can be yet another financial trap. When you learn the […]
A payday loan is offered to customers who are in terrible need of cash before their upcoming payday. As the name of this loan suggests, the lender expects to be repaid in full as soon as the debtor has received his next paycheck. Nevertheless, there are many individuals who are unable to […]
So you agreed to a payday loan and now the company you chose is constantly trying to subtract money from your bank account. This is a common practice known as continuous payment authority. Payday loan companies, also known as lenders, are not allowed to collect this type of payments from you […]