Archive for the Advance America Payday Loans Category

Predatory lenders that are payday a new low

They’ll probably outdo by themselves once again quickly. Heck, you can bet the owners of some bottom-feeding, high interest loan company in eastern North Carolina are having a meeting in which they’re discussing how to market their “product” to hurricane victims as you read this.

Having said that, this tale from present version of Education describes a scam that will be difficult to top week.

It states that the payday financing industry — those fun folks who make two week loans for their struggling fellow residents at 200, 300 or 400% interest — are now actually pressing their rip-off on moms and dads of children going back once again to college.

An Education Week analysis discovered dozens of articles on Facebook and Twitter targeting parents whom could need a “back to school” loan. Many of these loans—which are signature loans and may be properly used for such a thing, not only school supplies—are considered predatory, professionals state, with sky-high prices and fees… that are hidden. Continue reading Predatory lenders that are payday a new low