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Confessions of a Payday Loan Manager

Friday, March 15th, 2019 (No comments yet)
Businesses, Money

A former payday scum manager comes clean in a video released by The Center for Responsible Lending.

In this 4 minute video, Rebecca tells how payday loans are rarely two-week loans. Most of her customers came in payday after payday to renew the loan—after the first time, they couldn't afford to pay it off. Rebecca tells how she and her co-workers explained away the 400% interest rate, and how tough their collection tactics were. And she tells how she came to understand that rather than help her customers, these loans were "keeping them poor."

Now if Virginia would just kick out the whole industry like West Virginia did.

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data defense Tutorial
|INDEX|next: Protecting Social Security Numbers
It's impossible to fully prevent credit card fraud, but there are several things you can do to help.
Social security numbers have become the gateway to all kinds of identity abuses so the less people you give it to, the better.
Your data is as valuable as money so protect it like money!
What do you do once your data is already out there? This.

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Protecting Credit Cards

Credit card fraud isn't ID Theft, but is closely relatedare often used fraudulently so do what you can to prevent it.

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Protecting Social Security Numbers

Social security numbers have become the gateway to all kinds of identity abuses so the less people you give it to, the better.

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Being a Data Scrooge

Learn to protect your personal information the way Scrooge did his money.

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Reputation Management

Just because there are things out there about you that are out of your control and are unflattering or worse, doesn't mean you're powerless.

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