All posts by Clara Javier

Payday Lending Briefing

Payday lending

Need quick cash? If you’re thinking about writing your check payable to payday loan, think twice before signing it. Although it may seem like a simple and easy way to get fast cash, it’ll only put you in endless cycle of debt.

What is a payday loan? Payday loan, also known as cash advance loan or check advance loan, is a short-term loan where an individual writes a post-dated personal check in a small amount one wishes to borrow plus a borrowing fee. The payday lender will cash the check if the borrow is unable to repay … Read more

Debt Collection Briefing

Debt collection overview

You owe money on your bills and now a debt collector is contacting you, but you have no money for repayment. Before you ignore them, educate yourself in what your options are.

The following information is obtained from the Federal Trade Commission (FTC) Consumer Information which is found online at FTC is the nation’s consumer protection agency that enforces the Fair Debt Collection Practice Act (FDCPA) which “prohibits debt collectors from using abusive, unfair, or deceptive practices to collect from you.”[1] The debt you owe from personal, family and household (excluding debt owed from operating … Read more