PacNet Services Bringing International Payment Processing to BCCA 2014


Vancouver, BC (PRWEB) September 18, 2014

PacNet Services, an international payment processing company that offers inbound and outbound payment services to companies worldwide, is set to attend the British Cheque Cashers Association AGM and Conference, taking place Wednesday 24 September 2014, at the Hyatt Regency Hotel in Birmingham. The full day conference, titled ‘Onwards and Upwards’, will feature a range of speakers who will provide insight into interesting and challenging themes, with particular focus on the regulatory environment.

PacNet’s Brian Weekes will be on the exhibition floor, ready to meet with online lenders regarding both international and domestic payment solutions. “PacNet provides both inbound and outbound processing services to the short term and instalment loan industry. With PacNet, companies can provide loan advances through UK Faster Payments and other locally relevant payment facilities, and accept repayment by direct debit. We also provide help with explanation and negotiation of a complicated regulatory environment.” states Weekes, VP of Business Development, Europe, for PacNet Services.

The BCCA is a leading trade association for financial services firms who engage in the provision of alternative finance solutions such as payday, instalment and guarantor loans and credit brokerage. The BCCA also represents third party cheque cashers. Their years of industry experience are extended to their 90 plus membership as a trusted source of information for consumer credit firms and third party cheque cashers, offering regulatory advice and guidance, industry representation and conciliation services.

About PacNet Services:

PacNet offers a diverse range of both traditional and electronic payment services for short term lenders, direct response marketers, direct mailers, e-commerce, publishers and more. Some of the payment facilities offered by PacNet include cheque processing, direct debit, EFT, ACH and bank transfer collection from the UK and around the world. PacNet also initiates outgoing payments by check and EFT for refunds, rebates, commissions and royalties in both major and developing markets around the globe.

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DeepRed55 Officially Reveal the Effects of Panda 4.0


Preston, UK (PRWEB UK) 5 June 2014

On May 20th, Matt Cutts, Head of Web Spam for Google, announced that the Panda algorithm update was released. When Google makes these kinds of announcements, it is often unclear what the after effects are, but all has been revealed.

Many industries have seen rankings change; some reporting major increases and decreases. When Panda was first introduced, it was aimed at penalising websites with spammy content, and, as such, the newer refresh has delved deeper into those websites that continue to try (and fail!) to outsmart Google.

Once again, the payday loans industry has taken a hit. In June 2013, an industry notorious for websites that fail to meet Google’s guidelines, the payday loans industry was hit by its very own algorithm update.

During the round of updates made by Google last month, the payday loans algorithm was also updated. As Google looks to improve their search engine for users, it is likely that other industries will also be placed under scrutiny.

Karl Bantleman, Internet Marketing Director at Deep Red said:

“Given Google has called this 4.0, it would seem that this is a fairly robust update including a data refresh as well as an algorithm update.The importance of keeping your content fresh and unique is more important than ever nowadays and is something that we consistently push to our clients.”

DeepRed55 has recently drawn up an infographic of Google’s main updates since December 2000. Businesses can use this to correlate any drop in rankings to one of the many Google updates made in the last 14 years.

For further information, please contact Karl Bantleman on 01772 280130 or email karlb(at)deepred55(dot)co(dot)uk.

About DeepRed55: A full service marketing agency with strong creative and digital departments. From branding, logo design and brand positioning to website design and build, SEO and PPC, DeepRed55 can help drive a business and take it to the next level. For more information on the company, visit

With strong contacts in a range of industries and clients in both B2C and B2B markets, DeepRed55 is well placed to use their knowledge and experience to help companies reach their goals and targets.

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How Military Members Can Avoid Illegal, Unfair Debt Collection Efforts

Falmouth, ME (PRWEB) May 02, 2014

Members of the military face a host of enemies abroad: everything from terrorists and suicide bombers to inhospitable land and severe weather conditions.

Unfortunately, back at home, many U.S. servicemembers and their families must square off against a different kind of enemy: financial services firms and bill collectors that use aggressive, often illegal practices when trying to collect debts.

“The list of financial abuses that military families face is downright appalling,” says Judy Sorensen, president of the Association of Credit Counseling Professionals, ACCPros. “On a daily basis, many deal with harassing phone calls from debt collectors, predatory lending traps and wrongful foreclosures on their homes, not to mention widespread problems with student loans. This is the last thing our service men and women need after they’ve been out fighting for our safety and freedoms.”

To help combat these problems, Sorensen and the experts at ACCPros offer four tips to military members facing financial difficulties, especially with student loans.

Tip#1: Know your legal rights

“Part of the problem is that many U.S. servicemembers simply don’t know that they have various military protections to help them in areas such as their mortgages and student loans,” says Sorensen.

For example, under the Servicemembers Civil Relief Act of 2003, military members and their families are supposed to be protected from housing evictions. The Act also includes a stay of all court proceedings a bill collector might attempt, and a cap on loan interest rates, including a 6% ceiling on student loans.

Separately, the Military Lending Act caps payday loans and title loans at 36%.

Sorensen notes, however, that some payday lenders use loopholes to get around payday loan caps. She recently wrote about this abuse in an article on

Tip #2: Report abuses to the authorities

It’s not in your best interest to be silent about financial misconduct by any company with which you might do business. So Sorensen urges military members to report wrongful doing to the authorities, like the Consumer Financial Protection Bureau.

In April, the CFPB issued a report highlighting everything from dubious default judgments to wrongful debt collection activity against military members. The report concluded that more needs to be done to ensure that members of the U.S. armed forces receive the full protection of the law concerning their financial affairs.

That’s one reason the CFPB does track complaints. In fact, the agency says it received 14,100 complaints filed by military consumers between July 2011 and February 2014. Also, the number of complaints the CFPB received rose by 148% from 2012 to 2013. And the agency does act on these concerns.

For instance, the CFPB and other federal agencies are now investigating Sallie Mae over its handling of students loans held by military members. The CFPB says it is examining “unfair or deceptive” practices that violate the Servicemembers Civil Relief Act, and allegations of discriminatory lending and payment-processing issues.

“Statistics show that four out of 10 U.S. service men and women are now repaying student loans, and the average amount borrowed is about $ 26,000, so this is a major issue that must be addressed,” Sorensen says.

Tip #3: Utilize the Public Service Loan Forgiveness Program

Under the Public Service Loan Forgiveness Program, individuals employed by the military for a decade, or those who’ve been in specific public service jobs for the last 10 years, can have their federal student loans completely discharged.

Some of the public service jobs that qualify for this student loan relief are: police officers and firefighters, emergency management workers, and specialists in public health, including nurses and healthcare practitioners.

Tip #4: Understand how to get a student loan discharge

Those who received National Direct Student Loans and Perkins Loans can get partial cancellation or a discharge of their loan based on their military service in they served for a full year in a hostile fire or imminent danger pay area.

So if you qualify for loan cancellation, Sorensen suggests supplying a copy of your DD214 (discharge form) and a letter requesting a discharge to your loan servicer.

About ACCPros

The Association of Credit Counseling Professionals, ACCPros, is the credit counseling industry’s newest and fastest growing trade association. ACCPros hopes to distinguish itself from other associations by placing an emphasis on ethics and compliance and focusing on best practices, quality service, education, training, and professional ethics. ACCPros member agencies can be a great resource for consumers seeking help managing their debt. Call the toll-free ACCPros Locator Line at 800-635-0553 to speak with a certified credit counselor at an agency licensed/registered in your state.

Guarantor Loans are the Focus of Newly-Launched Website


London, UK (PRWEB) February 19, 2014, a website that features guarantor loans to people in the UK, has just announced the launch of their new and user-friendly site. Unlike payday loan companies that feature interest rates that are sky high, is not this type of website, and they are proud to offer their clients a very affordable rate.

The founders of the guarantor loan website understand how challenging it can be to have enough money to make it through the month. Unforeseen emergencies like car repairs, medical bills and more can take already-stretched budgets and cause them to break. Unfortunately, those who have no credit or slow credit may be unable to work with mainstream lenders.

This is where can help. By offering guarantor loans between 500 and 7,500 pounds, the company can help people get through their tough economic challenges and hopefully alleviate some of their stress and anxiety in the process.

As an article on the new website explains, guarantor loans are based on trust, and allow a close friend or family member of the applicant to support their loan application by guaranteeing their repayments.

“It’s a system of lending that’s far more flexible than most modern loans which are often turned down when the borrower has poor credit or doesn’t own their home,” the article noted, adding that because each applicant has a buddy acting as his or her guarantor, there’s less risk to, which makes them even more happy to lend money.

“This means that we can reward you with lower interest rates and charges, and we won’t put your home at risk if you default.”

In general, bad credit loans like the ones that are available through are readily available to most applicants, and because the interest rates are lower than payday loans, they take an even shorter time to pay back.

Anybody who is interested in learning more about guarantor loans is welcome to visit the new website at any time; there, they can read more about who qualifies to be a loan “buddy,” and why this type of loan is such an outstanding solution for so many people.


Buddy Loans is a professional guarantor loan company who are licensed by the Office of Fair Trading. The company provides loan of between 500 and 7,500 pounds over a period of 12 to 60 months. The company’s typical APR is 49.9 percent, making it much cheaper than payday loans. Buddy Loans grant loans based on the borrower’s ability to repay the loan, and the fact a buddy (guarantor), also feels they can and will repay the loan. All applicants are considered no matter what their previous financial history has been. For more information, please visit

Rapid Recovery Solutions, a Voice Among Commercial Collection Agencies, Expresses Approval for New Restrictions On Payday Loans


Bohemia, NY (PRWEB) December 12, 2013

Rapid Recovery Solution, Inc. applauds the federal government for instituting consumer protections against deposit advance loans.

According to a December 7 article from The Christian Science Monitor titled “The Bad Business of Payday Loans,” the days of banks lending quick cash to desperate consumers are numbered. Deposit advance loans are legitimate alternatives to black market advances from loan sharks, but are equally dangerous. Banks lend funds to existing customers against future paychecks and withdraw the money when the deposit occurs. However, the accompanying interest is often so high – upwards of 120 percent – that a vicious cycle of debt ensues.

New federal regulations now “require banks to moderate the fees and interest on their loans to avoid increasing the chances of default and, equally importantly, refrain from lending when consumers show patterns of delinquency,” according to the Christian Science Monitor piece. Aside from protecting borrowers from excessive fees, these laws are intended to safeguard banks and the overall economy form unfulfilled loans.

John Monderine, CEO of Rapid Recovery Solution, weighs in. “Consumer and commercial collection agencies frequently warn cash-strapped consumers about payday loans. They buy into the misguided belief that because financial institutions distribute them they are inherently safe. In reality, they are extremely hazardous and push many consumers into deeper into debt.” Monderine continues. “It’s encouraging to see the government step in and regulate this risky practice. Exorbitant interest fees must be controlled, and only consumers in sound financial standing should be deemed safe to borrow.”

Founded in 2006, Rapid Recovery Solution, Inc. is headquartered at the highest point of beautiful Long Island. Rapid Recovery Collection Agency is committed to recovering your funds. We believe that every debtor has the ability to pay if motivated correctly. We DO NOT alienate the debtors; we attempt to align with them and offer a number of ways to resolve not only your debt but also all their debts.


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North West based peer-to-peer lending platform announces the largest equity crowd-funding offering in the region via

Manchester, England (PRWEB UK) 16 December 2013

Lee Birkett, eMoneyUnion founder, comments;

“We are absolutely delighted to announce our ordinary share offering to the crowd. As one of only three peer-to-peer consumer loan platforms, the others being VC backed Zopa and Ratesetter, eMoneyUnion are the first and only peer-to-peer platform in the UK originating one to five-year, £1,000 to £10,000 loans to non-standard personal borrowers.

The non-standard personal loan market is worth £7BN per year. is the only peer-to-peer platform to provide lower interest rate borrowing opportunities to millions stuck in payday loans and other high-cost credit. Borrowers must however secure the backing of a family member or friend to act as their personal guarantor.

Since our platform commenced BETA testing in August, we have been overwhelmed with the support received from the peer-to-peer lender crowd. In fact it’s caused us a bit of a problem, with the platform having more money deposited than planned for. We have also received approaches from institutions who have notified is of their intent to lend on the platform in 2014.

Borrowers pay 3.4% per month compared to the average high cost credit of 20+% per month.

Lenders receive up to a 12% per annum fixed yield backed by a credit worthy personal guarantor and eProvision fund.

We have also received a number of approaches from media groups who wish to offer our platform to their readers and viewers on a profit share basis. The first of which will be rolled out across the UK next week.

Better saving rates and lower borrowing rates are a win-win for all. We look forward to welcoming our new shareholders in the phenomenon of peer-to-peer lending which has started a digital financial revolution with no high street banks involved.

Prospective Investors can register their interest by visiting ”

Merry Debtmas Scotland – Sharp Increases Expected in Those Seeking Debt Help in 2014

Edinburgh, Scotland (PRWEB) December 17, 2013

2013 has seen a huge rise in the use of payday loans and other forms of high interest credit, it won’t come as any surprise then that there has been a 106% rise in Scottish residents seeking debt help due to spiralling interest, charges and fees from payday loan providers. These loans accounted for around 7% of debts from clients in 2011 whereas they account for around 15% today.

Debt Arrangement Scotland report a high influx of clients seeking a solution to their debts as they can no longer afford to keep up with monthly payments. Margaret Beagrie from DAS told us “The last quarter of 2013 has been very busy with calls from consumers unable to cope, the scariest thing is most people hold off until the new year to seek advice, taking on more credit to finance Christmas spending”.

The government recently announced the introduction of interest and charges caps on payday loan providers which will take effect in April 2014 when the FCA (Financial Conduct Authority) takes over the duties of the Offices of Fair Trading. With rates as high as 5000% APR and system that charges daily for failure to pay, it’s easy to see how this type of debt can snowball out of control.

Debt legislation in Scotland has recently changed in order to help both creditors and debtors with a focus on cutting interest and charges and reducing monthly payments so that problem debts can be paid back over a longer period of time. The new legislation focuses on steering debtors towards the Scottish Debt Arrangement Scheme (DAS) with the government trying to increase awareness of the solution through TV and radio ad campaigns.

The DAS has seen over £13 million repaid to creditors in the 3rd quarter of 2013 with Enterprise Minister Mr Fergus Ewing hailing the scheme as a success. The main benefit to the DAS is that home owners and anyone with valuable assets are not made to sell these in order to satisfy creditors, instead the debtor will contribute a monthly affordable amount without added interest until the balance has been satisfied.

Yourwellness Magazine Explores Ways to Prevent Money Worries Harming Health


London, UK (PRWEB UK) 18 December 2013

A council whose leader hit out at Newcastle United’s sponsorship by pay-day lender Wonga has indirectly contributed money to the firm, Chronicle Live reported December 2nd. According to the article, “Newcastle City Council money goes to payday lender Wonga, it has been revealed,” leader Nick Forbes has been outspoken in his criticism of payday loans since Newcastle United signed up Wonga as its shirt sponsors, but it has emerged that Newcastle City Council is part of a pension fund with £233,000 invested in the company. A council spokesman commented, “Newcastle City Council has no direct investments in pay day loan companies and we will continue our vigorous campaign against an industry that we believe contributes to people’s debt problems.” (

With this in mind, Yourwellness Magazine explored ways to prevent money worries from harming health. Yourwellness Magazine noted, “Whether you lose your job or your savings take a hit, money worries can really give your emotional well being a knock. You can feel shock, anger, guilt and a sense of powerlessness at your situation, as well as the stress of trying to solve the problem. This can affect your mental health with anxiety and depression, so now it’s more important than ever to take care of yourself and your family.” (

Yourwellness Magazine outlined six things that those in financial difficulties can do to stay on top of their emotions:

1. Seek help from a professional about emotional concerns.

2. Write down all worries. This instils a sense of control.

3. Order worries in terms of importance. Tackle the more important ones first.

4. Get information and advice. Organisations or the internet can help. It might help to talk to someone who understands financial issues such as budgeting, saving, investing and managing debts

5. Get support from friends and family members. They can help share the burden and keep things positive.

6. Speak to a doctor about your stress-management techniques, maintaining a balanced diet and exercise programme, and ways to eliminate or avoid smoking, drugs and alcohol.

To find out more, visit the gateway to living well at

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