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 Posted: Tue Aug 05, 2008 12:02 pm Subject: Call from CBS News? |
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i just received a call from CBS news in regards to internet payday lending. she obtained my information from the ohio attorney general.
i don't know if i should trust it or not...seems kinda bizarre.
she gave me her number. i plan on goooooooogling it to see if it is legit. i will update.
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xine1977
Joined: 17 Jul 2008
Posts: 20
Debtcc Points: 427
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| Posted: Tue Aug 05, 2008 12:05 pm Subject: reply |
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please do,i hope it is legit.you could have your voice heard.
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paulmergel
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Joined: 24 Jun 2007
Posts: 4044
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| Posted: Tue Aug 05, 2008 12:15 pm Subject: |
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You could be speaking for all of us on the pdl practices. It sounds like a good thing if it legit which I hope it is. Keep us updated.
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ladybug
Joined: 29 May 2007
Posts: 2760
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Shazzers
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Joined: 05 Dec 2007
Posts: 5042
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| Posted: Tue Aug 05, 2008 1:02 pm Subject: |
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fingers crossed that it goes somewhere positive!
_________________
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smo65d11
Joined: 21 Mar 2008
Posts: 792
Debtcc Points: 4939
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| Posted: Tue Aug 05, 2008 3:10 pm Subject: |
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i called and yes, it was legit.
they are doing some investigative work on internet payday lending and "brick and mortar" shops.
she asked me what got me involved with payday lending and what advice i would give others.
i stated to her that if it wasn't for this community (i did mention debt consolidation care), i would have never known that the majority of internet payday lending was illegal to lend in my state or even the united states. i mentioned CTC (because of my involvement) and how these "offshore" companies think they are above the law and how ruthless and spiteful they are to collect their illegal fees back. additionally, they have open access to your accounts, your SSN...and you know that only spells trouble.
her next questioning was on the "brick and mortars" and if i supported potential legislation to close them down. i told her that although at the time i would have supported them, the interest rate alone is way too much for a 14 day loan. it may seem easy and fast, but it pales in comparison to a regular loan where the interest rates are more manageable.
she asked what my word of advice to people who might be tempted to get internet loans. i told her that i would advise anyone to stay far away as possible. it's not worth the stress for a couple hundred dollars.
she said that they are just in the beginning stages of the report...so maybe others will get calls as well. it does pay off to go to your attorney general...
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xine1977
Joined: 17 Jul 2008
Posts: 20
Debtcc Points: 427
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| Posted: Wed Aug 06, 2008 6:28 am Subject: reply |
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GREAT JOB!!!!!!!!!!!!!...you should post the video here.we all would love to see it. 
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paulmergel
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Joined: 24 Jun 2007
Posts: 4044
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| Posted: Wed Aug 06, 2008 12:18 pm Subject: Call from CBS News? |
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Way to go and represent Ohio! Someone asked me to sign the petition to put it on the ballot. I told her I want to see them all shut down. She walked away.
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kporter90
Joined: 21 May 2008
Posts: 59
Debtcc Points: 708
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