Victims of 1000% Interest Rate

Payday loan industry is charging interest as high as 1000%. Members of debtconsolidationcare.com community have started helping the victims and encouraging them to move legally. They have started receiving donations from community members and general people as well.

(PRWEB) March 29, 2006 -- Payday loans are very costly. This is an open truth. US consumers have been paying more and more to the payday loan industry. The interest rate and fees charged by payday lenders often go against the usury laws of the US states. Sometimes they also neglect the licensing procedure of US states.

Consumers who go for payday loan often find them trapped in it and get harassed by the lenders and collectors. The situation becomes worst when it comes to online payday lenders. Most of the online payday lenders operate from different countries and try to avoid US laws hiding behind the territorial boundaries.

Community members of debtconsolidationcare.com have started holding the ground against these lenders. Members are offering legal support to the victims of payday loan companies. Cashtoday Ltd./Heathmill is the company at the centre of attraction. It seems that they use different aliases to blow the smoke.

The plot thickens when some of the victims disclosed this fact openly. The company started threatening the board and the board members of legal actions and has sent legal papers to the owner of the website.

http://www.debtconsolidationcare.com/heathmill/accusation.html

Enough proofs have been submitted to the website, along with some recorded conversations of the victims that clearly differentiate white from the black. The community is offering legal defense to the consumers as well. All the members have started donating to the fund already.

http://www.debtconsolidationcare.com/heathmill/interview.html

The final objective is - “Cash2today4u / Cashtoday / Heathmill / Interim Cash limited if they have actually charged 1000% interest rate they must return all the money they have taken from our community members” announced by the site admin.

http://www.debtconsolidationcare.com/legal/defense.html

Apart from these, Debt Consolidation Care has started conversation recording to help people move legally against unethical activities of collection agencies as well.

http://www.debtconsolidationcare.com/forums/about8205.html

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