Traditional payday lenders charge an average of 391% APR. By those standards, the “direct deposit advance service” from Wells Fargo appears to be a bargain at just 270% APR. But then again, that is still about 70 points higher than a typical loan shark would charge. Continue reading
Loans
The $62,528.16 Western Sky Loan
Will they really put up to $10,000 in your bank account by tomorrow, just by trusting you? What do you think? Continue reading
Western Sky problem solver loan will make you beg for mercy
Government protection is often too little and too late. Victims of predatory lenders like Western Sky and its affiliates can only regret their decisions to take out loans with ridiculous and usurious terms. The “Problem Solver Loan” is no different. Continue reading
November is high time for income tax lenders
Families who fail to save money for the holidays risk falling deeper into debt trying to manage holiday spending. Income tax loans are one of the worst ways to raise quick cash for the holidays, yet thousands flock to providers that promise quick cash at horrendous terms. Continue reading
Tribal payday lenders owned by Martin Webb violated WV usury laws
West Virginia debtors have scored a victory against the Western Sky Financial tribal lenders. Attorney General Darrell McGraw entered into an agreement with Martin Webb and his company, Lakota Cash. Continue reading
Legality of Western Sky Wage Garnishments Disputed by State Regulators
OK so you were dumb enough to sign up for a Western Sky Financial loan and find that you cannot afford to repay it. Big surprise right? Now that the firm has obtained a judgment against you in tribal court, they have provided your employer with a garnishment notice. Here’s a case for ignoring that notice. Continue reading
How Much Does the Western Sky $10,000 Loan Cost?
Western Sky Financial has become a very successful and lucrative loan outfit. While previously sticking with loans of $2,600 and $5,000, Western Sky has upped the ante with a $10,000 high cost loan. So just how much does this loan cost? Continue reading
Beware of the Western Sky Finance Scam!
There may have been a time in your life where you needed a large amount of cash immediately, but you just did not know how to get it. It is probably at this time that payday loan and signature loan commercials appealed the most to you, since they provide a speedy and no hassle system to get this money. However, are these really helping you out, or are you just getting pushed further and further into debt? Continue reading
Fake Payday Loan Collection Calls Stole $5 Million
Callers from India have been committing egregious violations of the federal Fair Debt Collection Practices Act. After $5 million has already been taken in the scam, the Federal Trade Commission has finally tracked down the firms behind it and are shutting it down. Continue reading
Arkansas Sues Payday Lenders PDL Support LLC and Platinum B Services LLC for Illegal Usurious Lending
Arkansas Attorney General Dustin McDaniel filed suit against online payday lenders controlled by Josh Mitchem. His companies, PDL Support LLC and Platinum B Services LLC routinely charge interest rates that exceed 600% APR. One contract reflected an APR of 644.12%. Continue reading
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