Another Example Recently Published on eMailWire:
Payday Loan90 Issues Response to Detractors Who Utilize Unfair Auto Pawning Terms
After recent statements made by the company, auto pawn lenders have reacted negatively
(
EMAILWIRE.COM, February 26, 2011 ) Camden, NJ -- Payday Loan90, a preeminent provider of
payday loans services for cash-strapped consumers, recently released statements on their opinion of the unfair practices of pawn services that lend money to consumers, using their automobiles as collateral. According to the company, the services take it vantage of the consumer was badly in need of short-term funds by lending money based on the value of consumers vehicle, but charging extremely high interest rates and fees in the process.
A company spokesman had this to say; “after our recent statements regarding the automotive pawn services industry, we received a number of communications that were less than what we were consider civil. Many of the owners and operators of these services decried the value of payday loans, instead extolling the virtues of lending money to consumers, who in many cases, could not meet the repayment requirements. In these communications, it became quite apparent that most of these companies cared very little about the actual needs of the consumer; their primary focus was on the interest and fees that would accumulate during the course of each of their loans, and the fact that in many cases, they would be able to take ownership of the collateral.”
“We disagree very strongly with this predatory lending practice; an operation that takes advantage of its clients and their financial setbacks, as opposed to trying to offer real help to people who are really in need. Of course, when we make payday loans to our clients, we do charge interest and make a certain degree of profit, but we do not fleece our clients and leave them and were shape than when they came to us. The loans we make are not collateralized, and therefore, do not put the consumer at risk of losing any assets; they simply repay what they owe out of future earnings.”
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The team had Payday Loan90 is here to assist you with a range of
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Company: Payday Loan90
Contact: James Green
Phone: 800-740-9497
Email: pressrelease[@]paydayloan90.com