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Payday loan providers settle SC course action lawsuit
A $2.5 million payment is hit within the 2007 course action lawsuit brought by sc borrowers up against the state’s payday financing business.
The sweeping contract could give tiny settlement claims вЂ” about $100 вЂ” for anybody who took away a short-term, high-interest pay day loan with such loan providers as Spartanburg-based Advance America, look at 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 thing was planned for Sept. 15. Continue reading “Payday loan providers settle SC course action lawsuit”