Payday loan providers settle SC course action lawsuit

Payday loan providers settle SC course action lawsuit

Friday

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

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

The agreement that is sweeping produce tiny settlement claims — about $100 — for anybody who took down a short-term, high-interest cash advance with such loan providers as Spartanburg-based Advance America, Check Into Cash of sc and much more than a dozen others between 2004 and 2009.

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