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Payday loan providers settle SC course action lawsuit action

Friday

A $2.5 million settlement happens to be reached into the 2007 course lawsuit brought by sc borrowers resistant to the state’s payday financing industry.

A $2.5 million settlement happens to be reached within the 2007 course action lawsuit brought by sc borrowers from the state’s payday financing industry.

The sweeping contract could produce tiny settlement claims — about $100 — proper whom took down a short-term, high-interest cash advance with such lenders as Spartanburg-based Advance America, Check Into Cash of sc and much more than a dozen other people between 2004 and 2009. Continue reading