Category «Consumer Protection Blog»

Everything Iowans Need to Know About Payday Loans

If you’ve ever taken out a payday loan in Iowa, you’ve probably been lectured by everyone you know about the evils of these high-interest traps. For the most part, these people – whether they’re your family, friends, a lawyer, or even the government – are right. Payday loans can start a downward financial spiral that could potentially lead to …

Debt Buyers and Debt Collection in Iowa

The debt collection industry has grown tremendously over the last decade. In the late nineties, the debt purchasing industry was in the range of $10 billion.  Today the debt purchasing industry has grown to more than $115 billion. Debts are typically sold or assigned to third party debt collectors when the original creditor feels the …

Payday Loans – Really?

Local Payday Loans: Worst Idea Ever. So you’ve made the mistake of taking out a local payday loan. Marks Law Firm can help stop the vicious cycle you now find yourself in. I will address briefly how these loans work and the repercussions you may face as a result of taking out a payday loan. …

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