Seeking to extend protections afforded to military service members, the Senate could be poised to restrict payday loans for other consumers. The introduced bill, Protecting Consumers from Unreasonable Credit Rates Act, seeks to limit interest rates charged at 36%. If passed it would amend the Truth in Lending Act (TILA) and provide a national usury [...]
payday loans
National Credit Adjusters, LLC is a national “debt clearinghouse” that purchases defaulted payday loans. Grabbing payday loans from all over the nation, National Credit Adjusters attempts to collect them in the respective states. The payday loans associated with Arkansan consumers contain usurious interest rates that are unlawful pursuant to Arkansan law. Arkansas Sues National Credit [...]
Aside from a smoky pool hall with its visible collection of baseball bats, payday loans are the next worst form of consumer lending. But, payday loans promise easy credit in a pinch. Friendly websites, fast talking, and a faux concern for a person’s financial well being makes even the Pied Piper blush. Even celebrities are [...]
Of course, one should strive to repay his or her just debts. Blurring the lines, however, on the justness of one kind of debt is payday loans. Invariably, peddlers and marketers of payday loans are out to make a lot of money on downtrodden consumers. At no time has the desire to profit from misery [...]
A New Jersey man hired the Law Office of Dimitrios Kolovos, LLC to file a lawsuit against the debt collector National Credit Adjusters L.L.C. of Hutchinson, Kansas. The Complaint alleged that the Defendant violated the Fair Debt Collection Practices Act (FDCPA). The FDCPA is powerful consumer rights statutes regulating the conduct of consumer debt collectors. [...]
The Law Office of Dimitrios Kolovos, LLC filed a lawsuit on behalf of a Northeast Pennsylvania consumer against National Credit Adjusters, L.L.C. and three of its employees for unlawful debt collection practices. The lawsuit was filed in the Middle District federal court for Pennsylvania seeking damages and attorney’s fees and costs. The Complaint alleges that [...]