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Category Archiveallied cash advance payday loan

Despite these reforms, income loan providers remained the option that is only to many low earnings families, who have been considered bad credit dangers.

Despite these reforms, income loan providers remained the option that is only to many low earnings families, who have been considered bad credit dangers.

After considering both the procedural and substantive components of unconscionability, *1376 I conclude that enforcing the arbitration clause within the agreements as well as the arbitration contract from the payday customers would trigger an unjust outcome. Consequently, the arbitration contract arising from the agreement that will require the ongoing parties to arbitrate is unconscionable and stricken through the agreement as invalid. Defendants’ movement to remain and compel arbitration is REJECTED.

For the reasons that are forgoing Defendants’ motion to remain and compel arbitration is REJECTED.

Before this Court is Defendants’ movement for reconsideration with this Court’s Order dated November 25, 2003 (Doc. No. 22), or perhaps in the choice to remain procedures appeal that is pending. Upon consideration regarding the events’ briefs, we find no explanation to change this Court’s previous choice. Hence, Defendants’ movement for reconsideration (Doc. No. 27) is REJECTED. But, Defendants’ movement to remain proceedings appeal that is pending GRANTED.

Movement for Reconsideration

In its November 25, 2003 purchase, this Court denied Defendants’ movement to remain and compel arbitration. After considering both the procedural and substantive aspects of unconscionability, we figured enforcing the arbitration clause included in the contracts and arbitration contract would result in an unjust outcome.

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