Quick Payday in trouble in CO big time!
Date: Tue, 01/10/2006 - 19:49
Quick Payday to refund $2M
Quick Payday Inc. has agreed to pay $2 million to 15,000 Coloradans for making illegal "payday" loans via the Internet.
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I don't think the payday loan industry will ever learn that even
I don't think the payday loan industry will ever learn that eventually they will get caught with doing things illegally. They think they are above the law.
This is kind of interesting since I have this company listed on
This is kind of interesting since I have this company listed on my debt consolidation program. I even file a complaint against them with the consumer protection office because they contacted me at work after receiving my do not call letter. I think I will file one in Utah as well.
Whether the payday loan companies are aware of the upcoming risk
Whether the payday loan companies are aware of the upcoming risks to their business or not, but we have to do our homework first and keep ourselves away from these companies forever.
Most of us here have bitter experiences of dealing with payday loan companies and know the consequences very well. We should not look forward towards them anymore in the future. If the government is able to stop this business forever, it will be very good for the consumers. But even if they can't, we all can definitely do it by not making any business with them. They will automatically shut down on their own. Remember, we built America!!!
Good point John. I've learned my lesson about these payday lend
Good point John. I've learned my lesson about these payday lenders, especially the ones online. It's been a hard lesson learned but I can pass on my experience to others. We should keep fighting to get them shut down. I finally for once have a little extra money in my pocket since I placed my lenders with debt consolidation. It's nice to know that I'm learning to rely on myself to pay my bills and that I'm learning to stay away from these loan sharks.