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A class-action federal lawsuit against a payday lender may break new legal ground next month. That’s when a Virginia judge could deliver a ruling that will absolve hundreds of people from loans worth about a half a million dollars.,One day last year Donald Garrett of Richmond realized something had to give. His bills had gotten out ahead of him and he couldn’t keep up. All he needed was a hundred dollars or so, and so he went to a place he heard about on the bus — Advance Till Payday.

He eventually took a loan for $100 and then forked over $200 to the company.,“And I said I appreciate you loaning me the $100.payday loans in nc illegal
I’m sorry that I was in this bind but you helped me and I appreciate it and you won’t see me anymore. And I thought that was the end of it.',Here in Virginia, that $80 monthly membership fee for a $100 loan — a loan that was sold as “interest free” — also caught the attention of the Virginia Poverty Law Center.
That’s where Dana Wiggins answered a call on their hotline from a woman who said she also took out a $100 loan from Advance Till Payday, and she couldn’t figure out how she ended up owing so much money.,Next month, Speer will be headed back to court to ask for all seven hundred of those judgments to be vacated.

Speer says that will help these people, but it’s just a drop in the bucket because these lenders continue to make these kinds of loans every day.

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