Payday Loans

The Florida Supreme Court reinstated a consumer lawsuit claiming that Payday advances made by check cashing companies were illegal loans. The suit is seeking class action status on behalf of customers who obtained cash advances before the payday loan law went into affect on Oct 1, 2001. For a fee in excess of the 18 percent legal limit, businesses practiced deferred presentment transaction where cash was advanced in exchange for checks that were not deposited to the bank until a later date.

Register your Payday Complaint

If you or a loved one has suffered damages in this case, you may qualify for damages or remedies that may be awarded in a possible class action or lawsuit. Please fill in our form on the right to submit your complaint to a lawyer for a free evaluation.

Reader Comments

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I participated in payday loans from ACE check cashing facility...

Posted by

Please send help to for all of those who had to get loan but penalized because they could not make payments on time

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