Buy Car Notes | State AG Settles with Debt Collector of Payday Loans

Posted by carguy - March 29, 2013 - Industry News - No Comments

State AG Settles with Debt Collector of Payday Loans

Arkansas Attorney General Dustin McDaniel announced Thursday that he has reached an agreement with a Kansas-based debt collection agency that requires the collector to stop attempting to collect on illegal payday loan debt in Arkansas. The company agreed to end its efforts to collect more than $2.7 million on 5,810 loans that will be cancelled as a result of the agreement. In addition, and pay the State $200,000 to be distributed to higher-education institutions.

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