For a couple of years, the number of cases against shady loan providers is increasing across the world, especially in the US. A large number of Americans are being targeted by some illegitimate financial companies with luring offers. Americans are less educated to manage their expenses. So they are relying on the loans to cover their expenses.
By seeing the rising demand of the loans, many fake loan providers are arising and attracting consumers with their offers that they never fulfill. The debt consolidation loan is the perfect way to pay all the debts through a single creditor at an affordable interest rate.
Reviews of some debt consolidation loan providers are saying that the companies are contacting the consumers through direct mails and various other sources. Innocent consumers who are in great need of money get lured after seeing those offers and start contacting the loan providers.
According to Colony Associates, the company claims to provide the debt consolidation loan with the low-interest rate but it never does so. Allegedly, there are many victims of Credit9 who are heading to bankruptcy after paying the monthly installment at a higher interest rate. The company is not only compelling the customers to pay high installments but is also spoiling their credit score.
There are many such loan providers in the US who are claiming to provide low-interest rate debt consolidation loans even to the people that have a low credit score. Normally, it is difficult to get low-interest rate loan at a low credit score and some loan providers are benefiting a lot from it. Such companies are not only making the credit score more worse but are also heading the consumers towards bankruptcy and court cases.
Millions of Cannabis Plants Worth $1 Billion Seized in California
On October 25th, the Kern County Sheriff’s Office obtained the license to search the lands of Arvin area. With the help of California Department of Fish and Wildlife (CDFW) and FBI, the authorities came together and searched 11 different fields in the area. And surprisingly, they found $1 billion worth of Cannabis plant.
There were several hemp fields in California which were uncovered as 10 million illicit cannabis plants. And their black market value was $1 billion, which is some serious money.
The troubling thing is all these plants were cultivated under the appearance of a legitimate hemp operation. Also the crops got tested for the their level of THC. And it was found that the results were “well above” the legal 0.3 percent limit for industrial hemp production. Which essentially made the plants cannabis.
Selling of hemp is legal in the Kern Country. There won’t be any action against anyone who sells it. But there is one condition applied – the THC levels must not exceed the 0.3 percent limit. It is then, that the crops become illegal.
Generally hemp has many other domestic purposes like making of ropes, strong fabrics, paper, construction materials, cosmetics and food products. But in California, the crop was cultivated to produce cannabidiol. It is responsible to produce the “high” or intoxicated state of the said person who uses it.
The area that was searched, remains under scrutiny of the authorities. And the county also remains quiet on the owner of the land. They haven’t disclosed the identity of the owner of the $1 billion stash. But legal action will be taken against the related person.
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