No pay day loans are not safe. They should be avoided at all costs!!! _________________ Keep in touch
Thu Aug 19, 2010 11:51 am
Payday loans are not that bad.These loans really help you on time.You can get payday loans just in hour.
Your Friendly Debt Buyer Guest
Fri Oct 01, 2010 4:47 pm
ADVICE FROM A PERSONAL STANDPOINT: STAYYYYY FAAAR FAAAR AWAYYY!!!!!
ADVICE FROM A BUSINESS STANDPOINT: GET AS MANY AS YOU CAN!!!!
Payday Loans are absolutely a ripoff, but for Debt Buyers are heaven. You can buy them at .25% or less. If I collect 1 % i quadrupled my money, in addition it's still an asset. Even if I work it with no result I can keep it as a pending receivable to secure credit lines. Believe these target people who are financially hurt for a reason, money money money....
You should check usury laws to determine what are the allowed rates that these companies can charge. If they are charging excessive interest rates for the pay day loan you obtained then you may be able to file a suit for violating usury laws in what they are charging you. _________________ Info on:
Your personal details (name, email address and phone number) will be delivered to the company advertised on the Creditmagic after ve agreed to go for the counseling session by filling out the no-obligation form. However, it is your discretion to accept or reject their services.
Not all the creditors/debt collectors agree to trim down the outstanding balances, interests, and fees payable by the consumer.
Consumers working with the debt relief companies can still be sued by the creditors/collection agencies.
Debt relief services may have a diminishing effect on the creditworthiness of the consumer. The total outstanding balance may increase as the additional fees get accrued.
The overall amount saved by the consumer through the debt relief services is considered as taxable income by the IRS.