In order to protect West Virginians through the abusive and harassment that is unlawful triple-digit interest levels of a predatory out-of-state name financial institution, West Virginia Attorney General Darrell McGraw today filed suit when you look at the Circuit Court of Jefferson County against Virginia-based Fast Auto Loans, Inc., its moms and dad business, Community Loans of America, headquartered in Atlanta, and its particular owner Robert I. Reich.
Attorney General McGrawвЂ™s lawsuit requests an injunction that is permanent Quick automobile from making illegal threats of unlawful prosecution and halting the companyвЂ™s number of extra fees, failure to follow along with what the law states in seizing customersвЂ™ vehicles, extreme ways of coercion, along with other misleading, unjust and unlawful commercial collection agency methods. The suit also charges that Fast automotive loans violated a few state customer security laws and requests civil charges in addition to restitution and refunds for customers.
вЂњOut-of-state loan providers collecting debts in western Virginia will respect the legal rights of y our residents while the legislation of y our state or they will certainly face the effects,вЂќ McGraw said within a press seminar held in the Attorney GeneralвЂ™s Eastern Panhandle workplace in Martinsburg. He had been accompanied by consumers who have been victims of Fast Auto LoanвЂ™s underhanded collection strategies.
вЂњFast automotive loans has placed hundreds of liens on cars owned by consumers from Princeton to Martinsburg, in 24 West Virginia counties,вЂќ the Attorney General proceeded. вЂњUnfortunately, numerous desperate folks obtained a name loan through the business as being a stopgap measure and then discover that that they had compounded their economic problems.вЂќ