1. National Payday Loan Relief Sept. 01, 2015
Press Release
LENDERS ABUSIVE TERMS TRAP
UNSUSPECTING CONSUMERS; IS THERE HOPE
FOR VICTIMS IN SEARCH OF RELIEF?
A recent pattern reveals lenders target demographics, as a nation
outraged, by multi-billion dollar loan industry, calls for
immediate action
Oakland Park, Fl. — Sept. 01, 2015 – The battle to free millions trapped in abusive lending terms proves effective
as advocate companies bring financial relief to consumers nationwide. Although efforts been successful, predatory
lenders continue to use unscrupulous tactics to lure consumers in to signing for unsecured loans, exploiting the need
for financial assistance. The loans typically carry triple-digit interest rates and incur high penalty fees for missed
payments. When a payment is missed, consumers will use another loan to cover the costs of the original – A debt
cycle, or debt trap, impossible to escape. A recent study showing increased discriminatory patterns in target
demographics, gained national attention resulting in an organized effort to raise awareness. Recently, the Consumer
Financial Protection Bureau (CFPB), and advocate companies, such as the recently founded National Payday Loan
Relief, have focused their attention on assisting victims in settling their debt -- and exposing the dishonest nature of
predatory lenders to prevent further incidents from occurring. In an article, recently published in the Wall Street
Journal, the CFPB announces its plans to federally regulate payday loan companies -- A multi-billion dollar
industry, enforced by its own states laws. This lack of organization, allows lenders to distribute loans to individuals
living in a state where lending is banned.
A recent study reveals a discriminatory pattern formed among lenders targeting specific demographics – Being
mostly parents, divorcees, low-income families, and African-Americans. Additionally, seventy percent of borrowers
were showed using payday loans to bridge a cash-gap between paychecks. The Federal Reserve reported the specific
uses – Explained in the following graph:
5
24
37
38
39
51
53
other
Deposited to avoid fees
Misc. bills
Rent or mortgage
Paying an emergency expense
Food, groceries, other living expenses
Paying utility bills
Uses of money from most recent payday loan
Listed in percentages

2. Although, options may be limited for some, National Payday Loan Relief is urging consumers to adust their budgets,
and monitor their spending habits, if possible, and avoid any un-necessary borrowing until regulations are put in
place.
"While Payday loans fill a need in a time of financial hardship, the sad reality is that many people
resort to them as a temporary fix but end up in an ever-mounting debt cycle that is impossible to
break. We assist our clients, in an ethical and moral way, to exit the cycle and get their financial
lives back in order"
Chantelle Morman, COO, Consumer Capital Advocates, LLC
For consumers facing incredible amounts of debt, efforts are underway to provide relief. National Payday Loan
Relief (PDLR) has been around for two years, assisting consumers overwhelmed with Payday loan debt. The
company is strongly supported by a staff of professionals with over 20 years of experience in the debt mitigation
industry. PDLR has helped thousands of clients with, not just payday loan debt, but any unsecured debt, such as
credit card and medical bills. PDLR also provides clients with legal protection and security for the duration of the
program.
For More Information on debt relief, please visit:
www.Nationalpaydayloanrelief.com | www.consumercapitaladvocates.net | www.chantelleandcompany.com
Debt Cycle Breakdown:
The names of actual companies and products mentioned herein may be the trademarks of their respective owners.
Borrower
takes loan
Interest
triples the
amount
Borrower
unable to
pay
Borrower
takes
another
loan
Interest
triples the
amount

3. Press Only Contact Info:
Tony Pardo
Phone: (954) XXX-XXXX
Email: 1pardot@gmail.com