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South Carolina Lawsuit Against Storefront PDLs

Date: Wed, 09/12/2007 - 14:00

Submitted by Frogpatch
on Wed, 09/12/2007 - 14:00

Posts: 5381 Credits: [Donate]

Total Replies: 3


For you SC residents who missed Fox News. Link Below

http://www.wach.com/news/news_story.aspx?id=49256


That is awesome! And a good way to fight them. If the court does find that these loans are unconscionable, then there could be a open door to sueing pdl's!

An unconscionable loan is one made where the lender unfairly traps the consumer. It could be found that a loan is unconscionable when there is no regard for repayment, or the terms are unduly unfair to the consumer.

This could be a really great thing . . . . Anxiously awaiting the court decision! Only bad thing is it will take years!


lrhall41

Submitted by goudah2424 on Wed, 09/12/2007 - 14:19

( Posts: 7935 | Credits: )