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re: Just took on a client who took out pay day loans
Posted on 2/6/18 at 3:47 am to KiwiHead
Posted on 2/6/18 at 3:47 am to KiwiHead
Stopping payment won't do shite. If they have his account info they will drain it at some point.
Close the account, open new account, tell the bank he lost his checkbook on the bus or something. Don't ever make another payment.
These payday loan companies do not report to credit bureaus and do not get judgments in court.
Although they will call his references on the loan app and anyone they can find through online directories and social media apps for the rest of his life.
Close the account, open new account, tell the bank he lost his checkbook on the bus or something. Don't ever make another payment.
These payday loan companies do not report to credit bureaus and do not get judgments in court.
Although they will call his references on the loan app and anyone they can find through online directories and social media apps for the rest of his life.
0
Posted on 2/6/18 at 3:52 am to KiwiHead
quote:
This guy is getting hosed.....he was on disability for a while, went back to work, the bills started to pile up and he compounds it by taking out a mafia style loan(s). I had no idea that it was possible to charge the type of interest that these companies do.
Where were you during the Florida, Title loan days. Their rates were so high, that Al Capone himself, called them out for being crooks.
I was living in Florida when they finally forced them to a reasonable rate, and nearly 99% of them closed their doors. Majority of them were owned from out of state peeps who realized there was a pot of gold while it lasted.
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