Payday loan providers settle SC course action lawsuit action

Payday loan providers settle SC course action lawsuit action

Friday

A $2.5 million settlement happens to be reached when you look at the 2007 course lawsuit brought by South Carolina borrowers contrary to the state’s payday financing industry.

A $2.5 million settlement is reached within the 2007 course action lawsuit brought by South Carolina borrowers contrary to the state’s payday financing industry.

The agreement that is sweeping produce tiny settlement claims — about $100 — for anybody whom took down a short-term, high-interest pay day loan with such loan providers as Spartanburg-based Advance America, Check Into Cash of sc and much more than a dozen other people between 2004 and 2009. Continue reading “Payday loan providers settle SC course action lawsuit action”