QC Holdings Inc. Of overland Park is dispatching hundreds of collections suits, though the law states that small claim suits must be filed where the defendant lives or the area where the loan was taken. The lawsuit seeks $5 million in restitution and asks QC Holdings Inc. of Overland Park to stop doing business in Arizona.
Payday loan companies pry on the desperate and charge them a high interest rate. There are twelve states currently ban payday loans, and several states have enacted usury laws that prevent payday companies from operating. Previously, there was a ballot initiative to ban the Payday companies, but it did not pass. There will not be another Payday loan initiative because Jan Brewer dismissed the proposal.
http://www.kfsm.com/news/sns-ap-az--paydayloans-distantcourts,0,4304036.story 
-Bolt
No comments:
Post a Comment