Without a doubt about Payday loan providers settle SC course action lawsuit

Without a doubt about Payday loan providers settle SC course action lawsuit

A $2.5 million settlement is payday loans Georgia reached within the 2007 course action lawsuit brought by sc borrowers resistant to the state’s payday financing industry.

The sweeping contract could produce tiny settlement claims — about $100 — for anybody whom took away a short-term, high-interest cash advance 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.

Richland County Circuit Judge Casey Manning first must accept the regards to the settlement. A fairness hearing on that matter is planned for Sept. 15. The payday lending industry maintains it offers maybe perhaps maybe not broken any regulations, once the legal actions allege. Read more