Home > Lawsuits > Advance America Predatory Lending Class Action
Advance America
August 13 2007
A class action lawsuit has been filed against the payday lender alleging predatory lending. The lawsuit claims Advance America systematically traps customers in loans they cannot repay and therefore violates Missouri law.
The lawsuit claims Advance America required borrowers to repay loans in four payments, while state law allows borrowers six payments. Borrowers were then trapped in loans charging more than 400 percent interest, despite interest at 324 percent capped by laws.
The Spartanburg, South Carolina-based company and its subsidiaries Cash Advance Centers of Missouri, do business as Advance America. The company operates 2,900 cash advance stores in 37 states, 82 of which are in Missouri.
Advance America Legal Help
If you have suffered damages in this predatory lending case, please fill in our form on the right to send your Advance America complaint to a lawyer who will evaluate your claim at no cost or obligation.
Advance TOOK aLL MY SOCIAL SECURITY MONEY AND I SENT THEM GIFT CARDS. hOW STUPID WAS I..i HAVE RECEIPTS FOR THE GRIFT CARDS BUT THE BANK DROPPED ME LIKE A HOT POTATOE. AND DO NOT HAVE BANK STATEMENTS. I LOST A TOTAL OF $4500.00. IS IT TO LATE
TO PROSECUTE THESE S.O.B.?N I AM NOW MORE BROKE THAN EVER, I HAVE BROKEN MY BACK FOR 3 SURGERIES IN 30 DAYS, IN AND OUT OF HOSPITALS AND REHAB FOR 4MONTHS AND STILL CAN'T WALK. MY HUSBANE HAE OUR ONLY CAR REPOSSED.WE ARE IN NEED. THE SALVATION ARMY HAS BEEN GIVING US FOOD, MY DAUGHTER HAS LENT US A CAR AND MY SON BROUGHT ME A GOLF CART SO I CAN VISIT AND GET OUT BY MYSELL/
IS IT TO LATE TO FILE A CLAIM AGAINT THEM? THEY SCAMMED ME TWICE. HOW STUPID CAN ONE BE. bRIAN AND CHERIE ABRELAT
941-483-XXX
Posted by Linda Duffield
on
Yes got a call from julian marshall 323-786-xxxx
Cash advance America. They took me for 2500
Bank closed my account. Worst mistake I ever made. They are crooks.
Posted by Amy
on
I was victim of advance America changed my loan twice and towed my car and they have been paid over the 500$ that I borrowed.
Posted by Barbara Morrissey
on
I took a loan out with these guys back in 2008.
The loan was for 500.00. not only did they get their money back but they decided to keep going into my bank account they must have thought they were gonna own me forever I let the bank account close due to them over drawing it so much. Now I get a phone call from this 1-855-747-9965 a 800 service number this morning they claimed that they have papers they need me to sign off on and claim they need my address in turn they gave me this number to call 588-551-8193 The number is to: The J. Powers group which when you look on line its a scam trying to collect old debts for over 10 years. I have very sound advice for anyone who needs money bad do not borrow it there are a bunch off assholes that charge you 400 % in intrest by the way it's against the law. Well I told this lady nice try sue me!
Posted by Anonymous
on
THE INTEREST RATES ARE SO HIGH THAT IF YOU BORROW ON ONLY 5 OR 6 PAYDAYS YOU WILL SOON BE SPENDING YOUR WHOLE PAYCHECK JUST TO PAY THEM BACK. AT WHICH POINT YOU WILL HAVE NO MONEY LEFT OVER FOR FOOD, RENT, ETC. DO NOT BORROW FROM THEM. I WAS A BRANCH MANAGER FOR ONE OF THESE COMPANIES AND I SAW THIS HAPPEN. IT MADE ME SO DISGUSTED I QUIT WORKING FOR THEM. GO TO A CREDIT COUNSELOR, ASK A CHURCH FOR HELP, CALL YOUR CREDITORS AND MAKE EXTENDED PAYMENT ARRANGEMENTS (FOR EXAMPLE THE LIGHT COMPANY). DO ANYTHING BUT DO NOT START USING PAYDAY LOANS.
Posted by Texas
on
We took out a loan but found ourselves trapped due to excessive interest rate. We continued to repeat the loan to cover the original loan. After several months of doing this we had to stop when the choice was food or paying them. What followed was phone calls harassing us at home and work, and they even called and harassed our parents.
Add Your Comment on This Issue
Request Legal Help
Please complete this form to request a review of your complaint by an attorney.
There is absolutely no cost to you to submit this form. Doing so places you under no obligations and does not establish an attorney-client relationship.