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Displaying results 1 - 4 of 4 items found.

1. Editorial: Predatory Payday Lending Must Be Banned

(Web Page; Thu Aug 26 08:35:00 CDT 2010)

The stance of the San Jose Mercury News is that payday lending is a "predatory" business that profits from trapping borrowers in "a cycle of debt" and should be banned. While paying 400 percent in annual interest seems absurd, the paper ...

2. Predatory Signs of Payday Lending

(Web Page; Wed Aug 18 10:52:00 CDT 2010)

Predatory Payday Lending Payday lending carries 400% annual interest rates, and flips borrowers into a debt trap that can go on for weeks, months, or years. These signs will help consumers identify predatory payda...

3. The Victims of Payday Lending

(Web Page; Wed Aug 18 10:55:00 CDT 2010)

To contact a nationally accredited consumer credit counseling agency in your area, call 1-800-388-2227 or go to www.debtadvice.org. Borrowers go to payday lenders for help. Time and again, they come away in financial ruins. Every week...

4. Payday Lending: A 400% Interest Debt Trap

(Web Page; Wed Aug 18 10:46:00 CDT 2010)

Put A Face to Predatory Payday Loans Payday lending traps borrowers in long-term 400% interest debt, making them vulnerable to overdue bills, overdraft fees, credit card delinquency and bankruptcy. A 36% cap on annual interest is the ...