Real PDL Help

Payday Loan Assistance

  • Payday Loan Help
    • Customer Savings
    • Payday Loan Statistics
  • Payday Loan Consolidation
  • Resources
    • Facts about Payday loans
    • How To Avoid Payday Loans
    • Payday Loan Consolidation & Relief
    • Dangers of Payday Loans
    • Payday Loans Map
    • Debt Calculators
    • Letters to Creditors
    • Forum
  • About
    • Testimonials
      • Submit Review
    • F.A.Q.
  • Contact
Apply Now
1-855-413-4998

Payday Loan Complaints Are Growing

Home » Dangers of Payday Loans » Payday Loan Complaints Are Growing

Categories

A headline over a photo of a line of students. The headline reads: Payday Loan Complaints are Growing

Even as new, proposed rules and regulations threaten to crack down on the payday loan industry, consumer complaints continue to grow.

Complaints against payday loan lenders aren’t growing in the U.S. alone. It’s happening around the world. The Financial Ombudsman Service, the UK’s agency for settling disputes within their financial sector, recently announced that payday loan complaints rose 178% over the past year. It was their largest increase in complaints across various categories. This increase in complaints also follows a “regulatory clampdown” on the payday loan industry in the UK. Interestingly enough, the Ombudsman Service said the increase in complaints “reflected people’s growing awareness of their rights when things go wrong.”

Payday loan complaints continue to grow in the U.S., as well, but statistics point towards online and illegal payday lending practices. The online payday lending sector is one of the fastest growing spaces within the payday lending industry. Idaho announced they’ve seen a rise in payday loan complaints in their state in recent years. They also reported that they were issuing “cease­and­desist orders against online payday lenders, with most targeting out­of­state websites”.

As complaints continue to rise, we expect that complaints against online and illegal payday lenders will rise exponentially. Many online payday lenders attempt to operate just outside of their legal boundaries, by operating out ­of ­state or “stretching” the rules. With legal issues in question, naturally consumers are raising concerns and filing complaints.

The ease of operating online has also set the stage for scam artists, who are now taking advantage of unknowing borrowers. However, at the same time, consumers are becoming more and more aware of illegal payday lending practices and scams. They’re learning what to look out for and how to protect themselves. With the payday lending industry under close scrutiny by consumer advocate groups and the press, consumers are becoming more aware of their rights. And as this knowledge continues to spread, consumers are now standing up for their rights and filing complaints more than ever before.

Make sure you are aware of your rights and the dangers of Payday loans. Know what to look out for when dealing with aggressive payday lenders. And if you feel as though you need to file a complaint, you can do so with the Consumer Financial Protection Bureau. To submit a complaint, go online to consumerfinance.gov/complaint.

At Real PDL Help, our team specializes in payday loan debt relief. We work one­on­one with people who are struggling with mounting payday loan debt, unmanageable monthly payments, and aggressive lenders. If you’re overwhelmed by payday loan debt, contact us today. We can help!

Related Posts

  • 6 Must Know Facts About Payday Loans6 Must Know Facts About Payday Loans
  • Best Online Budgeting Tools to Help You Get Out of DebtBest Online Budgeting Tools to Help You Get Out of Debt
  • 3 Proven Options for Getting Rid of Your Payday Loans3 Proven Options for Getting Rid of Your Payday Loans
  • 5 Ways to Pay Off an Extra $100 of Debt This Month5 Ways to Pay Off an Extra $100 of Debt This Month

Categories

Get a Free Consultation

* - Required Field

Categories

  • Dangers of Payday Loans
  • Facts about Payday loans
  • How To Avoid Payday Loans
  • Payday Loan Consolidation & Relief

Letters to Creditors

SELECT A LETTER, CUSTOMIZE, AND PRINT IN MINUTES:


Letters to Creditors

Debt Calculators

SEE HOW MUCH YOU CAN SAVE:
Debt Calculator

Map of Payday Loan Laws & Facts: Look Up Your State

Map

WHAT CUSTOMER SAY ABOUT
Our Debt Consolidation

"First off I just wanted to express to Real PDL Help how thankful I am for their assistance. I am a single mother who was struggling to make ends meet. I applied for a payday...

Gettysburg, PA
Wilma B.,
Read More...

Tags

calculate interest Consolidation cost of loan credit checks creditor debt collector debt consolidation Debt management debt relief debt relief settlement debt settlement debt settlement expert eft finances higher interest how to get out of payday loans how to get rid of payday loans loan loan consolidation payday lenders payday loan assistance payday loan help payday loans payments penalties accrue

GET OUT OF PAYDAY LOAN DEBT

APPLY NOW!

Real PDL help Footer Logo

CALL NOW 855-413-4998

GET IN TOUCH

Phone: +1 (855) 413-4998 | Fax: +1 (888) 805-6177 Email: Info@realpdlhelp.com Mail Address: 13505 S Mur-Len Suite 105 Olathe, KS 66062

Trustpilot

SHARE

Share on Facebook
Facebook
Tweet about this on Twitter
Twitter
Share on LinkedIn
Linkedin

© 2022 REAL PDL HELP | Privacy Policy | Terms and Conditions | Site Map | Disclosure