Posted on April 2, 2009 at 4:01 am Many people have resorted to borrowing money from the unlicensed  lenders just to pay off their long outstanding debts.  These unlicensed lenders charges high interest rates though they can release cash immediately without any collateral.  Borrowing from them only add  up to the financial woes of the borrowers and doesn't solve the problems. Do you think it is the quickest way to settle a debt while incurring another one. 

Posted on April 2, 2009 at 4:24 am DON'T touch an unlicensed vendor.I know they wont have insurance.You should always ask to see a license and insurance if they dont have it than leave. I have 2 million coverage on my Settlement Company  and Consolidation.Its better to be safe than sorry and they could be going out of buisness and never come back.

Posted on April 2, 2009 at 4:37 am I can't trust those unlicensed lenders. you will be in a terrible situation if you can't take debt back to them.

Posted on April 3, 2009 at 9:33 am ok,  good job

Posted on April 3, 2009 at 11:15 am Internet payday lenders can be the worst of the unlicensed lenders. They charge exhorbitant rates and some will continuously rollover the loans by making the rules for repayment difficult to say the least. One such lender require you to fax your request within forty eight hours of an email they send which is always late on Friday when you are least likely to have access to a fax. Many break the Federal Law about cumpulsory electronic payments. I won a case against one because of that violation. I wrote an article about escaping the payday loan trap. I will put the link here. I read the TOG and it seems that this is permissable as I am only providing helpful info and not promoting anything. http://hubpages.com/hub/Escaping-the-Payday-Loan-Trap  

Posted on April 3, 2009 at 11:17 am Could one of the Mods please hyperlink that for me? I can't find an edit button. Thanks

Posted on April 3, 2009 at 11:25 am DON'T touch an unlicensed vendor.I know they wont have insurance.You should always ask to see a license and insurance if they dont have it than leave. I have 2 million coverage on my Settlement Company  and Consolidation.Its better to be safe than sorry and they could be going out of buisness and never come back.

Posted on April 3, 2009 at 11:54 am i dont think its the quickest way tog et out of debt, how can you get out of debt when you are borrowing money to pay youyr outstanding debts, its impossible. Asking help from shark loans is the quickest way to bury yourself in grave debts.

Posted on April 3, 2009 at 12:04 pm Our government has been after those shark loans.  They are many cases when people are unable to pay in time are harassed and some even ended committing suicide. 

Posted on April 3, 2009 at 1:07 pm they are scary. This loan sharks can even kill people without even touching them. I believe that if you do anything that involves money, you have to go legit.:D