Hey peeps, long time no peep.
Shalampaxians are known for their financial wizardry. Most of us are masters of business. (Then again, much of what’s called business in Shalampax is called an indictable offence elsewhere.) Nonetheless, there is one dollar-dullard in Shalampax, Shreddeddollar. His name is purely coincidental.
Not able to control his spending, Shreddeddollar owed large sums of money to several banks, credit card companies and loan sharks. Desperate and near suicidal, he turned to a local loan consolidator, Credit SeaPredators, Inc., for help.
Loan consolidation is a simple concept. Combine outstanding debts—some of which may carry a very high interest rate—into a single loan with a lower interest rate. However, Shreddeddollar didn’t understand any of the basic concepts of loan consolidation. Nor did he know any of the traps to watch out for in loan contracts.