Online loans are an easy way to get money. But a report by KIRO TV shows that some come with an obnoxiously high price. The story includes interviews with two Washington residents who were hounded by harassing phone calls – and reported the illegal behavior to the Federal Trade Commission.
The FTC and the State of Nevada are suing those Internet payday lenders, as well as others. The defendants are mostly located in the United Kingdom and include: Cash Today, Ltd.; The Heathmill Village, Ltd.; Leads Global, Inc.; Waterfront Investments, Inc.; ACH Cash, Inc.; HBS Services, Inc.; Lotus Leads, Inc.; First4Leads, Inc.; Rovinge International, Inc., and The Harris Holdings, Ltd., each also doing business as Cash Today, Route 66 Funding, Global Financial Services International, Ltd.; Interim Cash, Ltd., and BIG-INT, Ltd. The individual defendants are Aaron Gershfield, Ivor Gershfield and Jim Harris.
They’re charged with a mass of violations including using unfair and deceptive collection tactics, including falsely threatening consumers with arrest or imprisonment, using abusive and profane language and disclosing consumers’ purported debts to coworkers and employers.