Payday Loan Lawsuit Defense

Summary

In California, payday loans are capped at $300 with a maximum fee of 15%. Payday lenders cannot sue to collect unpaid loans. Speedyloan is suing for $1458, citing violations like federal banking regulation and check fraud. Its essential to request all relevant documents from Speedyloan to understand their case. Out-of-court settlements are voluntary and require mutual agreement. Contact the California Department of Business Oversight or California Courts for further guidance.

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Payday loan suing me
Can you please provide more details about the lawsuit, such as the amount owed and your location?
$* and California
What is the name of the payday loan company that is suing you? In California, payday loans are limited to $*, with a maximum fee of *%.
Speedyloan
What is the basis of Speedyloan's lawsuit against you? In California, payday lenders can sue for unpaid loans but they can't charge more than $* for a loan.
(*) VIOLATION OF FEDERAL BANKING REGULATION (*) COLLATERAL CHECK FRAUD (*) THEFT BY DECEPTION (*) ELECTRONIC FUND TRANSFER
What evidence does Speedyloan have against you for these charges?

General Information:
- California law prohibits payday lenders from suing to collect unpaid loans.
- Contact: California Department of Business Oversight, *-*-*-*.
I don't know
It's important to know what evidence they have. Have you received any documents or communication from Speedyloan or their legal representative detailing the evidence against you?
They didn't tell me
It's crucial to request all relevant documents from Speedyloan or their legal representative. This will help you understand their case against you.
Can they make you settle out of court
What is the reason Speedyloan is suggesting an out-of-court settlement?

General Information:
- Out-of-court settlements are voluntary and both parties must agree.
- Contact: California Courts, *-*-*-*.