Online Pawn Shops May Charge Excessive Interest Rates

January 8, 2014

Important Information

Attorneys working with ClassAction.org are no longer investigating this matter. The information here is for reference only. A list of open investigations and lawsuits can be viewed here.

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At A Glance

This Alert Affects
Anyone who received a loan from Borro.com.
Damages
The loan principal (the amount of the loan) and the excessive interest on the loans; pawned items or their equivalent value.
Company(ies)
Borro.com and other online pawn brokers.
Additional Details
Borro.com allegedly does not follow state laws that protect consumers from harmful predatory practices.