News & Resources

Payday Lenders Sued By Edelman, Combs, Latturner & Goodwin, LLC

The Chicago law firm of Edelman, Combs, Latturner & Goodwin, LLC filed a class action lawsuit against another Indiana "payday lender," Charlie-Checks, Inc., seeking to recover damages for excessive interest charged numerous Indiana consumers.

On August 16, 2001, the Indiana Supreme Court ruled that the typical "payday loan" made by an Indiana lender at more than 36% interest is unlawful under the Indiana Uniform Consumer Credit Code and the Indiana Loansharking Statute.

Edelman, Combs, Latturner & Goodwin, LLC has lawsuits currently pending against the following "payday lenders":

• Ace Cash Express
• ACP Enterprises, d/b/a Cash Now
• Advance America (National Cash Advance, McKenzie Check Advance)
• All Checks Cashed
• American Payday Loans
• Cash in a Flash
• Charlie Checks
• Check into Cash
• Check N Go
• Check USA
• Custom Financial
• East Chicago Check Cashers
• Easy Money
• E-Z Cash Systems
• E-Z Payday Loans
• Fast Cash USA
• GRT, Inc., d/b/a A-1 Payday and Castleton Cash
• Hoosier Check Cashing, d/b/a CheckSmart
• Koach's Kash Station
• Loans Til Payday
• Lone Star Investments
• Midwest Credit Corp.
• Mr. Payday
• Payday Today
• Quick Cash
• Rarick's Easy Cash

Suits are also pending against several debt collectors that attempted to enforce these loans:

• AAA Acceptance
• Credit Bureau of Greater Indianapolis
• Westfield Acceptance

Anyone who obtained a "payday loan" should consult an attorney and keep copies of all loan documents.

Edelman, Combs, Latturner & Goodwin, LLC concentrates in the representation of consumers against lenders, car dealers, debt collectors, and other businesses. The firm has sued numerous "payday lenders" in Indiana and elsewhere.

Daniel A. Edelman
Edelman, Combs, Latturner & Goodwin, LLC
October 22, 2001