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Pay Day Loans

Allmand Law Firm
June 24, 2010 Pay Day Loans

Payday Lenders Siphoning Off Senior Citizen Social Security

So they've finally done it, payday lenders have finally figured out a way to access the social security income of senior citizens.  Payday lenders in Texas and across the country are making loans to...

Big Banks Pushing “Shadow” Payday Loans?

A new report was recently released by the Center for Responsible Lending, stating that many mainstream banks are offering short-term, high-interest loans that are basically payday loans in the form of a paycheck advances. ...

ALERT: Phony Pay Day Debt Collectors

It's an unfortunate reality but many debtors are not only facing aggressive collection action by creditors they are also being scammed by phony debt collectors.  One such scam includes a payday loan scheme that...

Consumers are Becoming Delinquent on Loans at a Faster Rate than Ever Before

Credit delinquency rates are at all-time highs according to the American Bankers Association. According to an article on Reuters, U.S. consumers are falling behind on loan payments at a faster rate than has ever...

Car Title Loans Put You at Financial Risk

Car title loans are marketed by creditors as a savior for the little guy; but these high interest loans are much like payday loans in that they can carry a triple-digit annual interest rate...