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Judge: $1,820 Repayment For $200 Consumer Loan 'Unconscionable'

2016-03-15 19:10:42| Chemicals - Topix.net

A Delaware judge has ruled in favor of a former hotel housekeeper who sued a consumer loan company that demanded repayment of $1,820 for a $200 loan, a loan agreement the judge declared "unconscionable." Monday's ruling by Vice Chancellor J. Travis Laster involved a loan that Gloria James of Wilmington took out in 2013 to pay for food and rent.

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