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Founder Of Consolidated Credit Counseling Services Reportedly Linked With Payday Loan Providers
If youвЂ™re in dire economic straits since you thought you can sign up for a 275% APR cash advance simply to end up not able to repay, are you wanting credit guidance advice from somebody by having a economic fascination with the prosperity of payday lenders? Most likely not, nevertheless the creator of Consolidated Credit Counseling Services, Inc. claims that their investments in the pay day loan company had no bearing on their work.
The Wall Street Journal reports that Howard Dvorkin, creator and previous president associated with the non-profit Consolidated Credit Counseling Services Inc. вЂ” which claims to own aided scores of Us americans in reducing their financial obligation and working through the bankruptcy process вЂ” owns interests in businesses offering solutions to payday loan providers, including at the very least one that offering payday advances because recently as 2012.
Another business for which Dvorkin presumably possesses stake aided to setup collaborations between payday loan providers and native reservations that are american.