This world is changing rapidly and due to needs and demands, people try to do things that they have never thought of doing and perform as well. What is my point ? I am talking about the growth of money , when I was a kid a rupee note or coin was enough for us for 3 to 4 days but today if you give a rupee coin to beggar he/she will not take it. The value of the money in all these years have gone down. What once was considered a good salary is now considered a shame.

Well, due to this people tend to take loans from banks and other money lenders but due to their situations there are many people who are unable to pay back these loans. There are many lenders who tend to provide short term loans often termed as payday loans but their APR remains at a very high level.

If the person who took the loan did not pay the amount due or misses the deadline, the lenders take advice of Debt Collection Agencies like American Profit who tend to keep consumer in confidence about their practices, their rate of returning of money is also very high and the fees that they charge is a flat slab fees not per account fees.