Arkansas AG warns against payday lenders on the Internet

"The Attorney General's office has worked very hard to curb the industry payday loan in Arkansas, was illegal because it was immoral to take advantage of people with 600 or 700 percent rate of annual interest, "said Attorney General Dustin McDaniel. For some it is a quick way to earn money, but as stores payday loan no longer do business in Arkansas, that the Attorney General Dustin McDaniel says is a threat persists. "The threat has now migrated from brick and mortar payday lenders to the Internet," said McDaniel. McDaniel said his office wants to warn consumers about the industry and says they take all possible measures to address them. He said that includes some of the trace operators of the website in places like Africa, the United Kingdom, continental Europe and the Middle East. "Obviously they are outside our jurisdiction, so our main concern is of concern to consumers and trying to give them the tools they need to get out of these loans under the secrecy if they enter the trap, "said McDaniel. He said that even if times are tough, which could aggravate the situation is being benefited. McDaniel said that if you are struggling with one of these loans or have questions about them, says call the office of AG. "You can get to the point where we must close the bank account which is under development and open a new account to prevent access to its funds, but they can come and enforce these illegal loans and if they try to threaten or intimidate you, who will go through me first, "said McDaniel.