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Consumer complaints about Payday Loans
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<!-- END OF TAG FOR SLOT CA_FinanceBTFLeftSky160x600 --> <br><br> <!-- PUT THIS TAG IN DESIRED LOCATION OF SLOT LowerLeftROS --> <script type="text/javascript"> GA_googleFillSlotWithSize("ca-pub-0200629403145096", "LowerLeftROS", 160, 600); </script> <!-- END OF TAG FOR SLOT LowerLeftROS --> <br><br> </td> </tr> </span> </table> <!-- google_ad_section_start --> </td> <td width="430" valign="top"> <p> <table cellspacing="2" cellpadding="2" border="0" bgcolor="#eeeeee" align="right" width="140"> <tr bgcolor="#ffffff"> <td><p class="tiny"> <strong>Payday Lenders</strong><br> <img src="/web/20091020223051im_/http://consumeraffairs.com/news04/2006/03/images/payday.jpg" alt="" width="180" height="234" border="0"><br> • <a href="/web/20091020223051/http://consumeraffairs.com/news04/2009/08/payday_internet.html">States Step Up Pressure On Internet Payday Lenders</a><br> • <a href="/web/20091020223051/http://consumeraffairs.com/news04/2009/03/cong_payday.html">Congress Moving Toward National Cap On Payday Loans</a><br> • <a href="/web/20091020223051/http://consumeraffairs.com/news04/2009/03/wv_payday.html">West Virginia Sues Online Payday Lenders</a><br> • <a href="/web/20091020223051/http://consumeraffairs.com/news04/2009/02/senate_payday.html">Senate Bill Would Rein in Payday Lenders</a><br> • <a href="/web/20091020223051/http://consumeraffairs.com/news04/2009/02/va_payday_loophole.html">Virginia Considers Measure Aimed At Payday Lenders</a><br> • <a href="/web/20091020223051/http://consumeraffairs.com/news04/2008/12/ftc_cashtoday.html">Cash Today Hit with FTC Complaint</a><br> • <a href="/web/20091020223051/http://consumeraffairs.com/news04/2008/12/payday_bankruptcy.html">Payday Loans Can Lead to Bankruptcy</a><br> • <a href="/web/20091020223051/http://consumeraffairs.com/news04/2008/07/payday_lending_internet.html">Pennsylvania to Require Licenses For Internet Payday Lenders</a><br> • <a href="/web/20091020223051/http://consumeraffairs.com/news04/2008/07/payday_lending.html">Bill Would Set National Limits on Predatory Lending</a><br> • <a href="/web/20091020223051/http://consumeraffairs.com/news04/2008/06/ftc_payday.html">Payday Loan Lead Generators Settle FTC Charges</a><br> • <a href="/web/20091020223051/http://consumeraffairs.com/news04/2008/03/payday_kilmarnock.html">Tiny Virginia Town Stands Up To Payday Lenders</a><br> • <a href="/web/20091020223051/http://consumeraffairs.com/news04/2008/02/payday_seniors.html">Payday Lenders Targeting Seniors</a><br> • <a href="/web/20091020223051/http://consumeraffairs.com/news04/2007/12/payday_report.html">Payday Lenders Trumpet False Claims, Critics Charge</a><br> • <a href="/web/20091020223051/http://consumeraffairs.com/news04/2007/06/pentagon_predatory.html">Pentagon's Predatory Lending Rules Faulted</a><br> • <a href="/web/20091020223051/http://consumeraffairs.com/news04/2007/05/wv_payday.html">Last Payday Lender Leaves West Virginia</a><br> • <a href="/web/20091020223051/http://consumeraffairs.com/news04/2007/04/pa_payday.html">Pennsylvania Class Action Challenges Payday Lender</a><br> • <a href="/web/20091020223051/http://consumeraffairs.com/news04/2007/02/payday_fight.html">Payday Lenders Fight Back in State Legislatures</a><br> • <a href="/web/20091020223051/http://consumeraffairs.com/news04/2006/12/payday_lenders.html">Payday Lenders Fleece Consumers for $4.2 Billion A Year</a><br> • <a href="/web/20091020223051/http://consumeraffairs.com/news04/2006/10/military_payday.html">Soldiers Pinned Down by Predatory Payday Loans</a><br> • <a href="/web/20091020223051/http://consumeraffairs.com/news04/2006/08/ca_payday_loans.html">California Sues Payday Loan Business</a><br> • <a href="/web/20091020223051/http://consumeraffairs.com/news04/2006/03/nc_payday.html">North Carolina Declares Victory In War On Payday Lending</a><br> • <a href="/web/20091020223051/http://consumeraffairs.com/news04/2005/hr_block_payday.html">H&R Block To Settle More Payday Loan Suits</a><br> • <a href="/web/20091020223051/http://consumeraffairs.com/news04/2005/fl_payday_loans.html">DOD: Payday Loans Affecting Military Readiness</a><br> • <a href="/web/20091020223051/http://consumeraffairs.com/news04/2005/payday_ags.html">States Want FDIC Crackdown on Payday Lenders</a><br> • <a href="/web/20091020223051/http://consumeraffairs.com/news04/2005/ny_payday_case.html">No Payday for Payday Lenders in Texas, New York</a><br> • <a href="/web/20091020223051/http://consumeraffairs.com/news04/2005/payday_lenders.html">Payday Lenders Prey on African-American Neighborhoods</a><br> • <a href="/web/20091020223051/http://consumeraffairs.com/news04/2005/mo_payday.html">Payday Loan Report: Reform Needed</a><br> • <a href="/web/20091020223051/http://consumeraffairs.com/news04/il_payday_loans.html">Illinois Warns of Payday Loans</a><br> • <a href="/web/20091020223051/http://consumeraffairs.com/news04/fast_cash.html">Fast Cash Loans Charged with Illegal Practices</a><br> • <a href="/web/20091020223051/http://consumeraffairs.com/news04/cashback_payday.html">Cashback Payday Loans Banned in NY</a><br> ---<br> • <a href="https://web.archive.org/web/20091020223051/http://www.youtube.com/watch?v=Ocy7I0sw9Wg">Video: What is a Payday Loan?</a><br> • <a href="/web/20091020223051/http://consumeraffairs.com/finance/payday.html">Consumer Complaints</a><br> </p></td> </tr> </table> Consumers who borrow money from so-called "payday lenders" end up paying $4.2 billion in excessive fees, the Center for Responsible Lending estimates.</p> <p>The group's study finds that across the nation payday borrowers are paying more in interest, at annual rates of 400 percent, than the amount of the loan they originally borrowed. "Americans who think they're getting a two-week loan and end up trapped in debt," the report says. </p> <p>This is an understatement, judging by the complaints we've received.</p> <table border="0" width="50%"> <tr> <td width="100%" bgcolor="#ffffff" valign="top"> <li><a href="200cash.html">200cash.com</a></li> <li><a href="800loanmart.html">800loanmart.com</a></li> <li><a href="ace_cash.html">Ace Cash</a></li> <li><a href="ace_cash_express.html">Ace Cash Express</a></li> <li><a href="arrowhead.html">Arrowhead Investments</a></li> <li><a href="cash_today.html">Cash Today Ltd.</a></li> <li><a href="cashnet.html">Cashnet</a></li> <li><a href="cash_transfer.html">Cash Transfer Centers</a></li> <li><a href="cashcall.html">Cashcall</a></li> <li><a href="cashdirectexpress.html">Cashdirectexpress</a></li> <li><a href="checkmate.html">Checkmate</a></li> <li><a href="fast_cash.html">Fast Cash</a></li> <li><a href="instant_cash_usa.html">Instant Cash USA</a></li> <li><a href="integrity_advance.html">Integrity Advance (iAdvanceCash.com)</a></li> <li><a href="just_military_loans.html">Just Military Loans</a></li> <li><a href="one_click_cash.html">One Click Cash</a></li> <li><a href="moneymart.html">Money Mart</a></li> <li><a href="payday_com.html">Payday.com</a></li> <li><a href="payday_loan_yes.html">Payday-Loan-Yes.com</a></li> <li><a href="salaryfast.html">SalaryFast.com</a></li> </td> </tr> </table> <div align="center"> <!--Start SearchLight--> <script type="text/javascript"> aster_cloud_id = '2417581'; aster_cloud_format = '430x280'; </script> <script type="text/javascript" src="https://web.archive.org/web/20091020223051js_/http://web.asterpix.com/media/js/searchlight.js"></script> <!--End SearchLight--> </div> <p class="tiny"><strong><a href="/web/20091020223051/http://consumeraffairs.com/php/a_report.php">Report Your Experience</a></strong> <br>If you've had a bad experience -- or a good one -- with a consumer product or service, we'd like to hear about it. 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