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Law amendment didn’t decrease interest rates of SMS-loans

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"That means that is the annual interest is exceeding Estonian central bank’s tripled annual interest rates, the borrowers may waive interest payments after taking the loan and pay only basic interest, which currently is 2.5 pct."

This is the end as we know it.

That also explains the arrestment of clients bank accounts en masse to just get back the main sums to reduce the investors losses.

SMS loan fetishists just should keep in mind:

Your next SMS loan might be the last one. answer
~knut albers [04.05.2009, 18:15]
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Mafia will be pleased. answer
~JOHN [04.05.2009, 23:44]
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this gives thugs/bullies work to do: beat up people that do not pay the loans on time, even grandma! Some day maybe people will realize Estonia is a backwards, 3rd world country with NO hope. answer
~Art [04.05.2009, 23:47]
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PUBLIC TENDER

I am looking for a self-employed lawyer that is interested in helping efficiently and with the maximum law efforts to take legal measures against an SMS lending company with the aim to make illegitim credit business become unavailable in Estonia per jurisdiction. You must have an outstanding knowledge in the matter of subject and a good command of English is mandatory. Provision on a success basis by arrangement.

If you are interested, please contact me in English on the given email address above.

NB! Lawyers that are in close contact with an SMS lending comapny or affiliates, are strictly forbidden to apply for this application!



I am also looking for victims (illigetimate interest rates and wrong applications for SMS loans) of SMSLAEN that are willing to join a class action lawsuit against them at no cost for you. All your information will be kept confidential and is not delivered to any third parties.
You may contact me in English or Estonian on the given email address above for further information. Please do not send invoices or any credentials regarding your bank account (like statements of account) to this email or any other confidential information!



I am also looking for a self-employed person that can translate text from English and/or German into legal Estonian form. A good command of English is mandatory, a good command of German an advance, but not mandatory.

NB! Translaters that are in close contact with an SMS lending company or affiliates, are strictly forbidden to apply for this application!


Best regards,

Knut Albers answer
~knut albers [30.05.2009, 16:40]
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