Your bad payment history on illegal, high-interest, payday loans should not be on your credit report. Caddell & Chapman recently filed a class action lawsuit about TransUnion credit reports that include the payment history on void, high-interest loans from internet or “rent-a-tribe” payday lenders, specifically Great Plains and Plain Green. Caddell & Chapman is still investigating several other potential matters involving payday lenders.
These “payday” loans from internet-based lenders customarily charge usurious interest at an
Following up on its investigation of internet lenders, Caddell & Chapman recently sued Big Picture Loans, LLC (and others) on behalf of two Georgia residents. The lawsuit alleges that Big Picture Loans’ unlicensed lending at high interest rates violated several state and federal laws. The plaintiffs request that the court declare that all Big Picture loans to Georgia residents are illegal, void, and uncollectible. If the lawsuit is successful, borrowers’ debts to Big Picture Loans …