You may have heard them offered: fast, easy cash that may just save you in a financial emergency. Essentially, it's a short-term loan where someone goes to a payday lender, figures out how much they need, and a finds out the fee that will come with repaying it. A check is written for the total amount, and the lender puts that check on hold until it's time to repay the loan (typically around 2 weeks, sometimes more). They then cash the check. The idea behind this is that if you are currently short some amount you suddenly need, you can get an advance income via these loans, then pay them back with your next paycheck, hence the name “payday loans.” The problem with payday loans, however, is that it assume you can pay it in full by your next payday, and the ridiculous interest fees are what put you in trouble. If you thought bank loans and credit car bills had bad interest, the interest alone helps keep loan “sharks” afloat. Between the fees and the interest, you're shooting yourself in the foot every time you use one. Unfortunately, they prey upon the financially unstable, meaning the very people who are at risk for getting eaten alive by fees and interest are the only ones who really need their services. The simple conclusion: stay away.
Nothing is scarier than being hounded by debt collection agencies at bad times. What else is scary is being hounded by debt collection agencies that are breaking the law. Thankfully, the U.S. Government has posted resources online. You can go online to the Federal Trade Commission (www.ftc.gov) and look at laws and what you can do about unlawful harassment / abuse from a collection agency. You can then submit complaints and see if you have any recourse against the agency.
Some examples of illegal debt collection: -Harassment: Threats of violence or harm, publishing your name, using obscene language, repeatedly calling to annoy you -False Statements: falsely claiming they are attorneys or government representatives, falsely claiming you've committed a crime, falsely claiming they work for a credit reporting company, misrepresenting how much you owe, etc. Hopefully this'll get you started on a solid defense in case an unethical collection agency comes after you. I recently stumbled across an interesting article on Mediate.com about how Sun Tzu, writer of The Art of War actually had some pearls of wisdom that could have avoided (as the author of this article writes) the war in Vietnam, the loss in Korea and the Bay of Pigs if our political and military leaders had taken the time to read Sun Tzu's work. In the article, several quotations are mentioned from the book and is explained from a mediation standpoint. An example of this is “Preperation before the Mediation: “...If you know the enemy and know yourself, your victory will not stand in doubt, if you know Heaven and know Earth, you may make your victory complete.” Sun Tzu (Page 55)”. The article goes on to explain things like role-playing, anticipating the moves of the attorney and the client, finding ways to know what's going to come to the mediation table before it happens. This is only one of quite a few examples, and it's well worth the read.
Having been a lifelong study of rhetoric, communication and argumentation I stumbled across what seemed to be the ideal career choices for me: Mediation, or Negotiation. While Negotiation sounds a lot more fun, what ends up happening is a lot of rhetorical work that sums up to “we both give and take, we use some fancy words to try to get the upper hand, then we settle.” Admittedly, that sounds like a blast. But the alternative is Mediation. This one's a little more boring, but seems like a lot more rewarding. Mediators work with parties as the objective middle man to try to find out what's really being said between two parties and come to an ideal conclusion for the conflict. Sort of like negotiation, only you're helping someone else do it better. Either way, if either of these things sound interesting to you, go look your academic choices online.
We are often asked whether or not a mediation group can truly help all cases with the solving of mediation problems. The short answer is yes. This assumes that there is a resolution that can be achieved between both parties. Here are three ways that we can help you resolve a problem or conflict:
1. Lowered costs. Instead of dealing with court fees, attorney fees, etc., it may be possible to have conflict resolved outside of the court system and at a great price. 2. Ease and convenience. Our firm works around your schedule, location, etc. Instead of working within the courts. 3. Both parties win. We seek to find common ground and resolution of conflict, not punishment for the party that has less of a case and rewarding the party who had a better lawyer. National Mediation Group is proud to announce our grand opening tomorrow. We will be working with all the payday loan companies to help them collect their debts, free their debtors, and ultimately restore things to a beneficial working relationship between all parties involved. We understand, of course, that this will not be an easy task, but we love the challenge that it represents and will be thrilled to work for the benefit of all parties involved.
Like we really do. If we have worked with you in the past, if you are an associate of our company, or if you would just like to stay updated with the company news, then please connect with us. You can bookmark as a favorite website, subscribe to our RSS feed via email or your favorite RSS reader, or if your a Weebly member, you can follow this page.
We will gladly return the favor and follow you right back. Please take five seconds to connect with us today, and stay updated with everything that we publish for your information. There is never a time when a two parties want to go through mediation. A payday loan lender would, ideally, be payed there fee. A borrower would be able to pay of his or her debt. This is not always the case. Instead of sending out costly collection agencies or going to court, mediation is the answer. Here are three reasons a mediation company is necessary:
1. Cost. It is far much cheaper to work with a mediation company than to waste money with collection agencies, court fees, etc. 2. Time. Getting two people to sit down and arrange a deal is easy. Spending weeks or even months chasing down money is not. 3. Resolution. A resolution exists, it is just difficult to find when there is not a third party between the lender and the borrower. Welcome to the new site for National Mediation Group!
National Mediation Group is a group that works between companies and people who may owe them some money. In particular, they tend to work with payday loan companies who may have clients who are acting out a little bit. National Mediation Group works between the companies and the clients to arrange a favorable situation for both the payday loan companies and the people they have loaned to. |