Loans

Wells Fargo “direct deposit advance service” is nothing but 270% APR payday loan in disquise

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

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

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

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