Ga. soldier claims he was predatory lending victims

November 22, 2011 at 7:38 am in Grand Forks Herald

A Georgia-based soldier is suing a business that loaned him $4,100 at high interest, saying the terms violated a 2007 federal law that protects military service members from predatory lenders. Army Staff Sgt. Jason Cox of Fort Benning says the car-title loan he took out last year cost him more than $4,000 in interest alone. He defaulted and the lender repossessed his Dodge Durango.
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