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50,000 Attorneys fee, litigation expenses and medical liens. - 25,000 Principal repaid to Lawsuit Lender. - 12,500 Funding fee owed to Lawsuit Lender. 12,500 Remainder to You. What If You Lose the Case or Settle for Less Than What You Owe. On the plus side for the consumer, if you lose your case you don't have to repay the loan. This is a risk that the lender takes and one of the reasons the cost of of a lawsuit loan is higher than other types of loans.
is the plaintiff in the complaint filed in U. District Court May 23, 2014, which states: Cash Cow told Ms. Tullie she must refinance all three of Mr. Tullies outstanding loans into her own name, or Cash Cow would repossess her 2001 Dodge Ram.
Tullies husband, Nelson Tullie, was the original loan holder, but he passed away in August 2013. Delgado did not comment about the lawsuit saying it would violate Caroline Tullies right to privacy. The class-action portion of the lawsuit is built around a 25 fee that Cash Cow previously charged for all loan applications. Adding the 25 to a contract of less than 2,500 will increase the Annual Percentage Rate by at least 1 percent.
It is anticipated that over 1,000 Cash Cow customers will credit score for santander personal loan impacted by this lawsuit if it is cash loans in evansville indiana. Any customer borrowing money or refinancing a loan within four years of the filing of the lawsuit would be included in the case.