Despite these reforms, wage loan providers were still the sole option available to the majority of low earnings families, have been considered bad credit dangers.

Despite these reforms, wage loan providers were still the sole option available to the majority of low earnings families, 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 together with arbitration contract resistant to the payday customers would result in a result that is unjust. Consequently, the arbitration contract arising from the agreement that needs 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 forgoing reasons, Defendants’ movement to remain and compel arbitration is REJECTED.

Before this Court is Defendants’ movement for reconsideration with this Court’s Order dated 25, 2003 (Doc november. No. 22), or perhaps in the choice to keep procedures pending appeal. Continue reading “Despite these reforms, wage loan providers were still the sole option available to the majority of low earnings families, have been considered bad credit dangers.”