Online Payday Loan Lawsuits for Illegal Lending

October 12, 2017

Important Information

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At A Glance

This Alert Affects:
People who have taken out payday loans online.
What’s Going On?
A number of lawsuits have been filed against online payday lenders for allegedly charging excessive interest rates – in some cases up to 800%.
How Could Lawsuits Help?
A court could order any illegal loan void and unenforceable, and borrowers may be able to get back interest they paid in excess of the legal limit.