Payday Lender Settles Payday Loan Class Action Lawsuit
A class action settlement has been reached in a class action lawsuit pending against payday lender Advance America (“Advance America” or “Defendant”) in the Superior Court of New Hanover County, North Carolina, alleging, among other things, that Advance America charged illegal fees and interests rates on payday loans, including payday loans with annual interest rates allegedly higher than 450 percent, purportedly in violation of state payday loan laws, according to a class action lawsuit settlement news report.
If the Advance America payday loan settlement is approved, $18.75 million will reportedly be paid to more than 140,000 consumers in North Carolina who got a payday loan from Advance America or National Cash Advance on or after March 1, 2003.
If You Have Thoughts On The Advance America Pay Day Loan Class Action Lawsuit Settlement, Share Your Class Action Comments Below.
This payday loan company we used one time due to an emergency. After two weeks another serious health problem came up and we called and asked for extra time my son was assaulted from behind aged 18 and had to have brain surgery.
They called us day in day out. I mean every one half hour until finally after day and days during our situation I called the manager of the Loan place and asked that they stop the phone calls for many reasons. That we planned on paying them but the constant stress from the calls coming from different numbers were not only annoying they were abusive. They said their calls were” robo ” but someone was always on the other end. Finally I asked if they had tried to kill my son???
Serious frustration, serious enough to comment about this Class not to mention the fees but we did see the percentage we at the time had no other choice.
I also worked for one day in one of these places and they seemed so unsafe their was too much risk I felt from theft or retaliation in the future.
At least they have their own credit reporting agencies. These places are not a option. Finally people are getting the message and living within their means.
Sincerely,
Jan and John
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