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How Payday Loans are a trap

by Payday expert on Jul 28, 2012

Payday loans use a short term loan to trap their lenders. These terms can be as short as 7 days in some states. What happens 7 days after I get my Payday Loan? You either need to pay a fee to extend the loan, or pay it off by getting another loan. Well now you need to pay the interest on this new loan. Often people take out 7 loans just to rollover their original debt. This is the reason payday loans are a high cost. States vary on the way their laws regulate payday lenders. Often times people may take out a loan online where the lender might be in a different state where the payday regulations are more lenient and the interest are higher. Your state can not protect you and you are to pay the interest allowed by that particular state. Always beware of the term and interest rates of your loan amount.

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Huskhawk Group – Borrower Beware

by David41 on Aug 8, 2011

We have been receiving numerous complaints from consumers that they are being unfairly harassed by the Huskhawk Group and their in house collections Viking Recovery.

Based on our research this company is located in Charleston, Nevis, West Indies and is not licensed to do business in the U.S. They also just had their license revoked in the West Indies as well.

The public is hereby advised that Huskhawk Group Ltd., a company incorporated on March 28, 2007 under the Nevis Business Corporation Ordinance, 1984 (as amended), was struck from the register on March 3, 2011. A company that is struck from the register is not authorized to conduct the business activity for which it was organized. Persons intending to do business with Huskhawk Group Ltd. should therefore exercise utmost caution.  Source http://www.nevisfinance.com/Announcements.cfm?Idz=4&MIdz=78

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Thank you so much!!!! I got your message from yesterday concerning the status of my payday loan payments. You guys are the BEST!!!! I really appreciate all that you have done. I have added your company’s information to our list of qualified companies that we print up and share with the public because you all have really come through for me. Thanks again.
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