Payday Lender to Pay $2.5 Million in Settlement
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Payday Lender to Pay $2.5 Million in Settlement February 26, 2009 by Joe Finance Pacific Financial, a loan chain based in Washington, agreed to pay a $2.5 million settlement to over 10,000 who were harrassed after they were late repaying their payday loans. The ruling ends a three year case that included customers who defaulted between 2001 and 2005. It is important to understand that there are two types of payday lenders. There are lenders such as Pacific Financial, who operates as L
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