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Without a doubt about Payday loan providers settle SC course action lawsuit

Without a doubt about Payday loan providers settle SC course action lawsuit

Friday

A $2.5 million settlement is reached into the 2007 course action lawsuit brought by sc borrowers up against the state’s payday financing industry.

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