Victims of 1000% interest rate
Added: (Tue Mar 28 2006)
Payday loan industry is charging interest as high as 1000%. Members of debtconsolidationcare.com community have started helping the victims and encouraging them to move legally. They have also started receiving donations from the community members and general public as well.
Payday loans are very costly. This is an open truth. US consumers have been paying more and more to the payday loan industry. The interest rate and fees charged by payday lenders often go against the usury laws of the US states. Sometimes they also neglect the licensing procedure of US states.
Consumers who go for payday loan often find themselves trapped in it and get harassed by the lenders and collectors. The situation becomes worsens when it comes to online payday lenders. Most of the online payday lenders operate from different countries and try to avoid US laws by hiding behind the territorial boundaries.
Community members of debtconsolidationcare.com have started holding the ground against these lenders. Members are offering legal support to the victims of payday loan companies. Cashtoday Ltd., Heathmill are the company at the centre of attraction. It seems that they use different aliases to blow the smoke.
The plot thickens when some of the victims disclosed this fact openly. The company started threatening the site and the site members of legal actions and has sent legal papers to the owner of the website.
http://www.debtconsolidationcare.com/heathmill/accusation.html
Enough proof of the wrong doing have been submitted to the website by some consumers, along with some recorded interviews of the victims that clearly differentiate white from the black. The community is offering legal defense to the consumers as well. All the members have started donating to the fund already.
http://www.debtconsolidationcare.com/heathmill/interview.html
The final objective is - “Cash2today4u / Cashtoday / Heathmill / Interim Cash limited if they have actually charged 1000% interest rate they must return all the money they have taken from our community members” announced by the site admin.
http://www.debtconsolidationcare.com/legal/defense.html
Apart from these, Debt Consolidation Care has started conversation recording to help people move legally against unethical activities of collection agencies as well.
http://www.debtconsolidationcare.com/forums/about8205.html
Corporate Summary:
Our main objective is to help individuals and families nationwide to reduce and repay their debts with our Credit counseling and debt consolidation services. Our financial counselors will educate families in debt in finding financial freedom. [about us]
Contact Information:
Debt Consolidation Care
711 S. Carson St. Suite 4,
Carson City, Nevada 89701
Phone: 800-923-7146
Fax: 800-923-7146
Email: denny@nospam@debtconsolidationcare.com (please remove @nospam, while sending mails)
Submitted by:Marcia Brown Find out more.