Jeff's Blog 
Fair Debt Collection Practices Act for Pennsylvania Consumers
- What to do if a Debt Collector Sues You.
- A Need to Know Debt Collection Tactic to Harass and Threaten you into paying an Old Debt
- National Action Financial Services, NAFS - Typical debt collection company and numerous consumer complaints!
- What can I do to stop debt collection calls about OLD DEBT
- Harassing Debt Collection Calls from India to the U.S.
- Debt Collection Complaints going UP; what to do if you get a telephone call in Pittsburgh. CLICK HERE TO READ THIS ARTICLE
- 10 Ways to Curb Sleazy Debt Collectors In Pittsburgh
- Haunted and harassed by old debts?
- A Missouri Judge Orders a Debt Collector to pay $854,389.00
- Holiday Help with Credit Cards
Fair Credit Reporting Act for Consumers Rights
General
- Credit Card Companies vs. College Student - Who is responsible for the financial future of college students?
- Does your credit card debt die with you, or can it come back to to haunt those you left behind???
- VIDEO - Outrageous Debt Collection Calls, and how a debt collector becomes "Mr. Mean"
- The Bureau of Collection Recovery Inc. - Calls a Pittsburgh Consumer a deadbeat and a liar!
- Fast Cash - Payday Loans, The Facts
- Tina's Personal Credit Story!
- Credit Card Debt, Read this article for a few tips on how to handle it.
- Debt Collectors are SOOO Sleazy, Watch This Video!
- The Vicious Cycle of Debt Collection: The Universal Default Clause, is it in your Credit Card Agreement?
- Handling Harassment by Debt Collectors!
News
- Pittsburgh Study: College Students Pile on Credit Card Debt
- Consumer Complaints! What Consumers are the Globe Complaint About the Most!!
- Man sets himself on FIRE after receiving so many debt collection calls
- Indian Call Center Workers Demand Money
- UPDATE: IRS REFUSES TO STOP USING PRIVATE DEBT COLLECTORS
- Debt Collectors on a Rampage, Pittsburgh Attorney Jeff Suher Can Help
- Debt Collectors Pushing to Get Their Day In Court
- Banks vs. Consumers
- IRS Faulted for Lax Identity Theft Protection Efforts
- AFNI, Inc. - Debt Collector Goes After Expired Verizon Bills
Library
Fair Debt Collection Practices Act for Pennsylvania Consumers
- 10 THINGS DEBT COLLECTORS DO NOT WANT YOU TO KNOW!!
- The Six Taboos of Debt Collectors!
- Consumer Advocate Bud HIbbs' Worst Debt Collector List
- FTC Annual Report Summary of Debt Collection Violations
- RipOff Reports Article: National Enterprise Systems Intimidation at work
- RipOff Report Articles: National Action Financial Services, Inc. (NAFS)
- Debt Collector Accuses Pittsburgh Consumer of Committing a Crime and Threatens Jail Time
- Debt Collector Harasses Pittsburgh Consumer and Threatens Physical Harm
Do you Know What's on Your Credit Report? How to obtain a free report and file disputes...
- Fair Credit Report Act - Workshop to Help Pennsylvania Consumers Understand and Dispute Information on Their Credit Reports!
- Facts for Pittsburgh Consumers About Your Credit Report
Fair Credit Reporting Act for Consumers Rights
- Debt Reduction Defendant Settles FTC Charges
- 5 Ways to DESTROY your credit score
- How Does the Fair Credit Reporting Act Affect You and Your Credit Score?
BLOG
General
- Fast-Cash Predatory Lending - what you need to know
- Prohibited Debt Collection Practices
- Debt Collector Directory
- Games Credit Card Companies Play
- One Month With The Credit Card Companies
- Debt Collection Agencies: Big Money in Bad Debt
- "Rehabilitation:" What Debt Collectors Don't Want You To Know
- JEFF SUHER TO PRESENT SEMINAR ON “MAXED OUT”
- Attend a Free Viewing of the Film MAXED OUT and Win a $250 Gift Certificate
- Tips for Consumers against Credit Card Fraud
What's New
Maxed Out shows how the modern financial industry really works, explains the true definition of "preferred customer" and tells us why the poor are getting poorer and the rich getting richer. By turns hilarious and profoundly disturbing, Maxed Out paints a picture of a national nightmare which is all too real for most of us!!
Fast-Cash Predatory Lending - what you need to know
Consumers with fair to poor credit are sometimes cornered into risky loans using their paychecks and sometimes even their cars as collateral.
Consumers with shaky credit can borrow money more easily than one would think, whether or not they are even in the position to repay the loan. According to Stephens, Inc., a Little Rock investment Bank, there are now some 24,200 pay-day loan storefronts, up from 18,000 only three years ago.
Here’s how a payday loan works – the consumer writes a post-dated check against his or her next pay (usually the loan is good for two weeks). Sounds great, right? Wrong, the fees are outrageous. Sometimes up to 25% interest, just to borrow money for 14 days. When the loans are due if you can’t pay, there is another fee to renew the debt for another two weeks. Eventually, (and not very long after you take out the original loan), the interest rate could way exceed the amount of original loan. This will make it very difficult for the loan to be paid. Thus an ongoing vicious cycle of paying someone to pay someone to pay someone. Not very logical. But unfortunately, something that many consumers have had first hand experience with.
There are some payday loan companies that will also take the title of your car as collateral (with a duplicate car key as well, of course). These places have very high interest rates as well. If you don’t pay the loan back, you could lose your car, making a person unable to get to work.
Payday and car-title lenders can usually be found in low-income neighborhoods. Congress recently slapped a 36% interest rate cap on loans made out to the military members. However, everyone else is left to pay interest rates some can exceed 700%, says CFA’s Fox.
These loans are very predatory towards lower income families, and have caused a lot of pain and suffering. Many families have been cornered into using this “fast cash” for other bills, and then find themselves unable to pay the “fast cash” on time, making things even harder than they first started out with.
Mortgages with interest rates that sky-rocket after a few years, are probably the most toxic and make the most headlines. Typically, these types of home mortgages are given to consumers whose credit scores are below 620. However, those are the very people least able to handle monthly payments that suddenly double or triple.
When will the government stop these predatory lending practices???
Jeffrey L. Suher, PC
4328 Old William Penn Highway, Suite 2J
Monroeville, PA 15146
Phone: (412) 374-9005
Fax: (412) 374-0799
Videos
Pittsburgh Personal Injury:
General:
FAQs
Fair Debt Collection Practices Act for Pennsylvania Consumers
- What debts are covered?
- Who is a debt collector?
- How may a debt collector contact me?
- Can I stop a debt collector from contacting me?
- What if I'm represented by an attorney?
Fair Credit Reporting Act for Consumers Rights
- What happens if I dispute the debt?
- Can a debt collector take me to Court?
- How long does a delinquent debt stay on your credit report?