Debt Scams and Payday Loans continue to target consumers caught in the economic squeeze.
Brian Doyle, of Doyle Salewski says the payday loan people can sign you up for promised short-term relief at interest rates that are through the ceiling.
He says if you breach your payday loans’ terms, the interest rate you could then be charged can leave earth’s atmosphere behind.
Consumers tempted to sign on for payday relief can end up losing their vehicle- or even their home, based on having authorized a “General Security Agreement” which is a choke-hold that also prevents accessing legitimate help.