Is it just human nature that some people will take advantage of people in times of economic crisis and steal from them? A recent report from The Wichita Eagle said a Kansas family who sought debt relief is suing three companies, claiming they have operated in Kansas illegally. They are charging huge fees to people who are already in debt. There is little doubt they are already victims of predatory lending practices, where people are lured into easy credit and then stuck with a lot of unexpected new rules to burry them in debt, interest rates and penalties until they feel financially trapped.
Then along comes more conmen and conwomen who promise relief if the victim will just pay some simple fees. The fees ad up and the victims are taken twice.
According to The Wichita Eagle:
“Beginning in June 2008, Galen and Suzanne Yunker of Caldwell and their son Gregory tried to use Arizona-based Rise Above Debt Relief LLC to settle some of their debt. In the process, they paid nearly $7,600 to the program, including about $4,400 in fees, according to their complaint filed in U.S. District Court.
A Kansas-registered credit service organization could not have charged more than $290 under state law over the same period, according to the complaint.
The lawsuit is against three companies: Rise Above Debt Relief, Oklahoma-based Global Client Solutions LLC, and Colorado-based Rocky Mountain Bank and Trust.”
Suing these creepy bastards is about all a person can do. This is capitalism at its worst.