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Posts Tagged ‘profit’

Big Named Banks Partake In Payday Loan Profits

By K&S on February 27th, 2013 | No Comments

Posted in: Debt Scams
Tags: , , , , ,

With 12.5 million Americans unemployed and many facing inevitable debt harassment, consumers are turning to online payday loans, often with obscene interest rates in excess of 500 percent, to make ends meet. To the financially strapped, worrying about today has displaced planning for tomorrow, virtually assuring future financial problems, ruinous effects to their credit report…

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An Insider Look at How Debt Collectors View the FDCPA

These debt collectors view their violations of the FDCPA as a business decision instead of a lawful requirement that may must abide by.

Debt Collectors Turn a Profit by Going After the Poor

With people facing foreclosures, credit card delinquencies and utility shutoffs, the last thing they need is debt collectors harassing them day and night.

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