Thursday, October 23, 2014
Payday Loan Fraud Continues
Consumer Protection Branch was a help to us a few years ago. Recently they caused rip-off payday loan offices to send a rebate to those who were robbed. I have a friend who needs cigarettes badly and uses a pay-day loan firm. They did send her a rebate, but it was for a paultry seventeen [$17] dollars.
She would borrow $80 for three weeks and pay back $120. They would charge $40 to load that $80 on a card which gave her only $40. She borrowed $80 almost every month. er..$40.
Do you think a $17 dollar rebate covers those amazing over charges?
Do you think the Consumer Protection Branch is doing the job they are paid to do? Do you think the Consumer Protection Branch is offering a token effort just to shut people like me up? Do you think the Federal and Provincial governments are turning a blind eye on these rip-off Payday Loan firms? Harper conservatives enforce few laws against business. Business elects them.
The numbers I show above are breaking Canada's lending laws. I complained to the RCMP and they agreed it was excessive but also said it was a ' civil matter '. White collar fraud....A civil matter? Do the RCMP expect Pay Day Loan customers to pay $1500 to hire a lawyer.
This is a frustrating catch 22 for me as I watch these loan sharks continue to fleece my cigarette dependent friend of her money. Anthony Robinson
This hard working janitor cleans up the smelly stuff to make the place fresh for us along the shoreline, yet never send us a bill. Wish Pay Day Loan firms could have reasonable fees. TG
She would borrow $80 for three weeks and pay back $120. They would charge $40 to load that $80 on a card which gave her only $40. She borrowed $80 almost every month. er..$40.
Do you think a $17 dollar rebate covers those amazing over charges?
Do you think the Consumer Protection Branch is doing the job they are paid to do? Do you think the Consumer Protection Branch is offering a token effort just to shut people like me up? Do you think the Federal and Provincial governments are turning a blind eye on these rip-off Payday Loan firms? Harper conservatives enforce few laws against business. Business elects them.
The numbers I show above are breaking Canada's lending laws. I complained to the RCMP and they agreed it was excessive but also said it was a ' civil matter '. White collar fraud....A civil matter? Do the RCMP expect Pay Day Loan customers to pay $1500 to hire a lawyer.
This is a frustrating catch 22 for me as I watch these loan sharks continue to fleece my cigarette dependent friend of her money. Anthony Robinson
