Category Archives: 3 Month Payday Loans Review

FTC Goes After Debt Settlement Businesses Who Cope With Payday Advances

On February 18, 2015 the Federal Trade Commission filed suit against PSC Administrative, Coastal Acquisitions, Infinity Client Systems, Infinity Collect, Jared Irby, and Richard Hughes for violations regarding the Telemarketing product sales Rule.

The FTC alleges the Defendants solicited customers with debt settlement solutions, whom owed loans that are payday.

“Defendants have induced customers to sign up within their program by claiming that they can renegotiate the repayment regards to consumers’ loans making sure that consumers’ re payments is going to be paid off.

Defendants advise customers to end their direct repayments to loan providers and spend cash into Defendants’ system alternatively. Continue reading