Here is what we have learned about internet loans from callers to our predatory loan hotline 866-855-4501 The interest rates are unbelievable and borrowers can’t repay “Only later did I realize the 6-month $900 loan would actually end up costing me $3,019 at an interest rate of 638%.” “I borrowed $525 …When I saw […]
Need Quick Cash? Avoid These 6 TrapsBy Barbara Diggs, Fox Business Don’t Risk Your Car With Title Loans Like payday loans, car title loans are small, short-term loans that come with a triple-digit annual interest rate. But while payday loans are secured with a postdated check, title lenders hold the title of the borrower’s vehicle — and a copy of the keys — […]
Mortgage Settlement Relief Will Take MonthsPredatory scammers are hard at work, falsely claiming to have an inside track to getting help from the National Mortgage Settlement. They are working the phones and the Internet, trying to entice desperate people to pay money in exchange for mortgage relief. DON’T BE A VICTIM. The Virginia Poverty Law Center advises you to ignore […]