Payday Loan Bar Association
Date: Sun, 03/16/2008 - 19:25
wx3(dot)pdlba(dot)com
I like this little quote from them...... Quote:Q) Why Bank
I like this little quote from them......
Quote:
Q) Why Banks and Consumer Financial Services Providers Have Implemented Arbitration Programs A) Level the Playing Field ???????? The court system (particularly, the state court system) is clearly skewed in favor of consumers and plaintiffs???????? attorneys and allows them free reign to take advantage of banks |
Sorry,for some reason my quotes dont work.
reply
read your snippet warrior,at first i was puzzled.all pdl contracts have arbitration clauses in them.i think this is more malarky by ipdl's to try and be able to illegaly harras nothing more.
It is strange that the payday lenders are saying they are "misun
It is strange that the payday lenders are saying they are "misunderstood" and 75% of the customers pay back their loan within 2 weeks. Are the customers rolling over their loans or borrowing from another payday company to pay the first loan?
The arbitration clause is an escape clause to avoid the potentia
The arbitration clause is an escape clause to avoid the potential organization of a class action lawsuit. That's pretty much it. Payday lenders tend to cannibalize contracts and legal jargon from one another. They prefer to steal other companies' legal info so you'll find identical documents across the industry.